tv Cavuto Coast to Coast FOX Business June 28, 2017 12:00pm-2:01pm EDT
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and as of this moment, it is not trading. it's been halted. by the way, the dow jones in for a terrific rally. we're up about 160 points. that's where we are as i hand it over to neil cavuto. sir, it's yours. neil: can come on your show. you're a little rude. stuart: what? . neil: you were rude. stuart: to who? . neil: to her. have a nice day. [laughter] stuart: what? you can't -- neil: breaking news. breaking news. sorry, buddy. to the white house the president likely to talk about health care. let's listen in. >> i was very impressed. i'm thrilled to be joined by governor paul, tim reynolds, pete, and bill walker, along with state and tribal leaders from around our great country. i would also like to thank secretary perry, and pruitt
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both here also with their work to help the united states achieve true energy dominance, and that's what's happening. we've made so much progress with respect to energy just in the last four months. it's been an incredible journey, i will tell you. we've learned a lot, and we've made a lot. we're here to talk about how we can create new prosperity for our citizens by unlocking vast treasures of energy reserves, of which we have a great deal. far more than anyone understood. i'm proud to have such a large gathering of tribal leaders here at the white house. i look forward to more government to government consultations with tribal leaders about the issues importance to indian country. we love indian country; right? mercury lands have rich, natural resources but stand to benefit your people immensely. these untapped resources of wealth can help you build new
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schools, fix roads, improve your communities, and create jobs. jobs like you've never seen before. all you want is the freedom to use them, and that's been the problem. it has been very difficult, hasn't it? it would be a lot easier now under the trump administration. for too long, the federal government has put up restrictions that puts restrictions on energy wealth out of reach. just totally out of reach. it's been really restricted, the development itself has been restricted, and vast amounts of deposits of coal and other resources have been taken out of your hands, and we're going to have that changed. we're going to put it back in your hands. these infringements on tribal sovereignty are deeply unfair to native americans and native american communities who are being denied access to the energy and wealth that they have on their own land.
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many of our states have also been denied access to the abutton energy resources on their lands that could bring greater wealth to the people and benefit to our whole nation. we're becoming more and more energy dominant. i don't want to be energy free. we want to be energy dominant in terms of of the world. from my first day in office, we've taken swift action to lift the question restrictions on american energy. scott pruitt has done an amazing job, an incredible job in a very short period of time, and most people love him. there are a couple that don't, but that's okay; right. we're also putting our people back to work by doing this. today's conversation is a chance for the state, local, and leaders to discuss how we can support them even more unleashing these domestic energy reserves. they're tremendous reserves that we never appreciated, we never understood, but now we understand them very well.
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i'm confident that working together, we can usher the golden age of american energy dominance and the extraordinary financial security benefits that it brings to our citizens, not only the native americans but all over the country, and we're seeing it more and more, and it's happening more and more. i also want to tell you that yesterday we had a tremendous meeting, the republican senators met on health care, and the meeting went really well. we're talking about a great, great form of health care. obamacare is dying. it's essentially dead. you don't give it the subsidy, it would die within 24 hours. it's been a headache for everybody. it's been a nightmare for many. and we are looking at a health care that would be a fantastic tribute to our can you be, a health care that will take care of people and also at the right cost, be a tremendous
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reduction in cost from what obamacare is. yesterday in alaska, it was announced 216% increase. so we have a plan that if we get it approved, it's very tough every state is different. every center is different, but i have to tell you the republican senators had a really impressive meeting yesterday at the white house. we had close to 50 of them. we had 52. we need almost all of them. that's never easy. but we had essentially 50 show up to the meeting and the other two were on our side. i think we do get at least a very close one, and we're going to get it over the line. there was a great, great feeling in that room yesterday. and what also came out was the fact that this health care would be so good would be far better than obamacare and much less expensive to the people and also actually less expensive to the country, so those are a lot of good factors. so we'll see what happens.
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we're working very hard. we've given ourselves a little bit more time to make it perfect. that's what we want to do. i think that this is a chance to be a great health care at a reasonable cost. people can save a lot of money, we get rid of the mandates, we get rid of so much. get rid of a lot of the taxes, all of the bad parts of obamacare are gone. essentially it's a repeal and replace. and i look forward to working with the republican senators over a short period of time. i know rick is very excited about the health care that we're talking about. >> actually, having the governors sitting around the tables is a great example of one of the things that i know paul, they would like to be able to put health care into place that they help write, and their citizens help write because i know these -- i don't know bill that well but my bet is he's the same. you give him the authority to take care of their citizens, so they can have more people
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do it at less cost. >> we're sending a lot of it back to the states where it belongs, and this would be something special if we can get it done. always tough. probably the toughest subject from the at some point of approval because every state is different. we have a tremendous opioid problem and some states are affected by it than others. but overall, i will tell you it will be a tremendous plan. really going to have a lot of very, very happy people in this country if we can get it done. so we're working very hard on health care, and i think we're going to have a great answer and hopefully we will have it soon, and we will keep you informed. thank you, all, very much. trump: it's going to be great. it's going to be great for everybody. i always say it. i always say it. [question off mic]
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trump: thank you, all, very much. thank you. thank you. neil: the president optimistic and to that end we're learning now, and this is coming from senator john, one of the republican leaders and several of the gop aids talking to our peter ducey and others that they are looking at trying to get a health care agreement or something ready by friday. by which time they would then be able to submit that cbo that can rule on this before july 4th as to whether it will be any different than the original measure, which of course got a lot of heckle because it would reduce 22 million americans without health insurance, never mind 20 million more now would have health insurance. at the pace they estimate obamacare is going, it would be 42 million. but it's still early on here, but they are obviously trying
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to keep this process moving along. to senator conference chairman. first of all, is that accurate? you and your colleagues want an agreement by friday to submit to the cbo presumably before the july 4th break. >> right. and i don't think we want to have necessarily an artificial deadline out there, neil, but we want to use this week and try to get to a conclusion so that we can get this psycho by the cbo. and when we come back the week after the 4th, set up a vote. it's time to -- i believe it's time to vote. we've got to bring this process to a conclusion and make some decisions and get this across the finish line and on the president's desk. . neil: do you get a sense, senator, that this is going to be much more heavy lifting than he really thought and winning over, you know, reluctant republican members now? it is going to be a much bigger task and maybe not doable at all. maybe a move on to the tax
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package and leave this for another day. >> i don't know how we can do that, neil. you know, clearly, we made a commitment to american people to try to get this done. and, yes, we have a number of members who have different concerns that we're trying to address to find that magic 50 votes that we need to move it across the senate floor. but the alternative, really, is very unpleasant one. it means dealing with chuck schumer the democrat who made it very clear what they want to get to is a single pair. so, you know, you either do this with republican votings w and we take on the responsibility of trying to fix the mess that the democrats have created, or we have to try to solve it with democrat votes, which moves it to the left, and i think our members want to see a solution not only that stabilizes the markets but also that makes medicaid sustainable for future generations by giving states flexibility to design their own program. these are big consequential wins, and we need to bring
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this thing to the finish line. so i hope over the course of the next few days here, our leadership can work with members to address and get us the 50 votes so that we can move forward and then the infrastructure, jobs, and economy, and all the things that we want to be talking about. neil: you know, senator mitch mcconnell indicated that he would like to work with democrats, democrats working with republicans but of course attached to that and you have to cut out all the taxes and remove them in obamacare. so where is this really going? >> you know, i think that's the problem that you run into, neil.. we do that, and the mandate, and we repeal the taxes and make medicaid sustainable.
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those are all things that, again, we can get that kind of bill on the president's desk, that would be a major win. the democrats are going to be in a different place. you look at what chuck schumer wants, they're going to want to keep the taxes, keep the mandates, and thee made it very clear they have no interest in a conversation about how to repeal and replace obamacare. . neil: on working with the democrats for the time being. >> well, i don't see that we can bridge that divide. i think that we have to get this done and sooner better than later. neil: you know, mitch mcconnell speaking on the floor of the senate right now. i'm wondering if it's a story that has been circulating the new york times, the white house has booted, but i'm wondering what your thoughts are. most in the senate or a lot of republicans in general had had it working with president trump, say he's not really engaged. p they prefer working with vice president pence. they'll get more mileage out of that and be able to move the ball forward.
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is that untrue? >> both the president and the vice president have been very involved. he's up here on a weekly basis. he's very engaged in the particular legislation and especially right now health care. but so is the president. the president has had personal conversations with a number of members in our conference who choose that he's trying to -- neil: that they were a little alarmed that he seemed slightly disengaged, not really aware of all the details. now, again, that could be coming from malcontent who don't flip over him. but is he engaged? is he -- did he seem like he was really in the game here? >> i thought he was very engaging. he's very much about moving the ball down the field and getting a result. you know, whether or not he gets into the weeds on some of the fine points of the legislation itself isn't as important to
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me is that ends the broad outlines of this bill, what we're trying to accomplish, how we're going to rescue people from a failed obamacare system that has, you know, led to higher cost, higher taxes, and fewer options, and he's very, very committed to getting to a result. and i think ultimately that's what we want him. we want him to do. we want him to be engaged with our members with the american public about why we need to do this, and be out there making that sale. and i'm hopeful that as this thing continues to move forward, that he will use the power, the bully pulpit that he has to help us push us across the finish line and obviously get out there and make the arguments to the american people about why we needed to move to a better way and why the system that we have today under obamacare is unsustainable and failing the american people. neil: to your point something that you could present certainly to the cbo by the july 4th break, that is true. that is still on.
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>> it's -- that's the plan, of course, like i said, we want to make sure that we get this done right. but i think it's important for us to start bridging the divides in our conference and figuring out how do we get to 50 so that we move this thing? i don't want this dragging out into july and august. we know what the issues are. we have to start making decisions, and we need to start voting. neil: okay. senator, thank you. very good seeing you again. >> thanks, neil. you too. neil: now for america's prosperity president, tim phillips, of course this is a big coke brothers that goes way beyond traditional politics to look at advancing the agenda. mr. phillips is a key person in that right. tim, good to have you back with us. >> good to see you, neil. neil: what do you think was the measure on the part of the senate? your group is saying you can't think around the edges and you've been quoted in the past a lot of this measure is more nip and tuck, i'm paraphrasing
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it here than a whole cell changing it. so are you happy to hear what you just heard out of the senator that they're going to go back to the drawing board and come up with something more acceptable by friday? >> we do. we hope it's going to be a stronger, bigger push, especially the reform medicaid, neil, and to end as many of these mandates that are killing opportunities for folks to get insurance. i thought the president just now was watching it while waiting to chat with you, he was so smart to go back and explain to folks just how bad obamacare is. you know, premiums up over the last four years by 105%. americans living in one third of the counties across this country have one choice under obamacare. i think it was smart by the president, and i hope that senate and house members continue to remind americans just how bad obamacare is. with this senate bill, we're working to improve it. even at this point, neil, it's a long road ahead. secretary price, he's going to
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have a lot of administrative fixes that he can do. it's going to be a long road ahead to where we can get good, lower costs for the american people and hopefully a roll back of obamacare. neil: if it's anything short of that, would you agree that republicans who go with a moderate or peace male plan should be targeted for primary challenges? >> we have not said that, neil. we wanted to see the health care situation for americans improve. and so we think a full repeal is the better way to do. republicans promised that in four straight elections on the congressional front. we're disappointed they didn't do that. this would have been a whole lot simpler if they had gone for that. at the same time, though, we want to improve the health care that americans are getting, so we support improvements to try to give folks more choices, lower cost, and most importantly of all, better quality care with certainly under medicaid they're not getting right now.
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so we do support doing everything we can to make this bill better so that americans lives who are stuck in obamacare are improving right now. so, no, we have not said that. a full repeal is the better way to go, neil. neil: they'll never do that. >> and we've got to work to make this better. and we're dedicated to that. neil: so you've given up, it sounds like, and the coke brothers as well. i know in this big confab this past weekend in colorado springs, the goal was conservative choices agenda item. but this doesn't look like that in the end. i could be misreading it, but this doesn't look like it will ever be that. >> neil, it's important to note for us. this is -- we're now in the year eight of this battle. as our network -- and you know this. we fought this from the very beginning when it was proposed in 2009. even when it passed in the spring of 2010, our network stayed focused on repealing all of it or as much of it as we can. this is a long-term effort for us, and this legislation,
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we're going to make it as good as we possibly can to help people struggling under obamacare. and then we're not going to stop. we're going to keep with secretary price for health and human services and additional legislative fixes down the road. so we've taken a long-term view to this, and we're going to keep on that. but the focus right now, and the president was very smart today. make sure americans know just how bad things are under an imploding obamacare. and then keep trying to work to make it better. neil: all right. well put. good seeing you again. >> thanks, neil. neil: american for prosperity. as he indicated there, some news out of that that he is not in decline, nor is his group or the coke brothers to target any republicans or primary challenges to them if they don't go along. so, again, falling apart. i will get to that a little bit later in the show. also getting to this rally that picked up some steam. i would imagine on this development we have with john that he wants to keep the ball rolling on this with a plan in
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place or draft in place, an alternative senate plan that at least nine republicans don't flip over by friday. and then to get that submitted to the cbo, so it can score it, get an answer back before the july 4th recess. it might be aggressive planning. but if you've ever been in college and done a term state for the night before, it might not be too late. the paper may not be a best-seller, but it will be done. we'll have more after this
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. neil: all right. the market these days grateful for progress things, that's all this is is a hint, you heard from senator john, in the united states senate that a deal, a rework senate deal on health care could come by friday. the idea is to get that to the cbo. cbo can score it before the july 4th recess and have better mailboxes to go on soon afterwards. now, of course everything has
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to go to timing and you know the drill there. but, again, optimism that they'll be able to do this. we'll see. but that news certainly did help stocks, nicole petallides with the latest on all of that in the new york stock exchanged. hey, nicole. neil: and that good news on health care always gives a boost to the markets. and it's bringing on the banks again, neil, we're seeing for the second day in a row the financials leading the market, in fact, they had a great june. take a look at this. jp morgan, american express, goldman sachs leading the dow jones industrial average right now. you can take a look at some of the other movers including bank of america, wells fargo, which if the stress this afternoon really showed that these banks can then now give out those dividends, raise the dividends and also buy back shares, warren buffett even says that he plans to change over his preferred shares of bank of america right to the common stock. that's 16 billion. he would be the largest shareholder of bank of america
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and wells fargo. you can see some of the other ones, metlife, capital one all doing well. big banks, regional banks all higher, neil. the stress test this afternoon 66 financials in the s&p, and they all have an up arrow. back to you. neil: did they really change on that? are they really hanging their hats on just the timing of this? because that seems like a bit of a stretch. >> on the timing of the? i don't think it's just that. i mean, this is what they say when they say diversification in your portfolio. i would say most of our viewers have tech and bank because tech is hot and now it's not. . neil: all right. thank you, nicole. very, very much. all right. the read on the nasdaq and what's going on lauren simonetti she's been following this very, very closely because, you know, you hear from investors like mark and elsewhere what brought you to the parade is what's going to get you out of the parade if they reserve. he sees them reserving. lauren, what are you seeing there? >> unlike what nicole said, this is not the same story as yesterday. tech rebounding from 100-point sell off yesterday for the nasdaq. we could see with two days left in the month the eighth
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consecutive month with gibbs. a lot of the popular momentum stocks like facebook and amazon and netflix are coming back today, but i do want to highlight alphabet for you. this is a google parent company. you know, yesterday the eu slapped this company with a record fine for the way it does business in europe. but concerns are building that a that might not be fair but b, it could set precedence for how google and other companies do business overall particularly in europe. so that stock still under pressure today. finally, neil, i know we like apple. we talk about apple a lot. such a widely held stock. it is actually up this month just shy of 1%. but said what's coming next is google glasses, and they're going to have -- i'm sorry. apple glasses, and they're going to have augmented reality. and they are going to be hotter and more popular than the iphone around the year 2020. i can't see myself wearing them. i just can't. maybe you. neil: the whole thing is so
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stupid, and they wear these stupid things, and they look like bugs, and everyone is running around getting hit by cars. stop it. everyone has to grow up. >> they probably know that you're walking on the street with funky glasses. neil: right. exactly. >> the world we're living in. neil: i love the hate mail i get after saying something like that. people go ballistic. but they're stupid, stupid, stupid. >> that ought to help with the hate mail. neil: lauren, thank you very, very much. good stuff. all right. well, facing some hurdles right here, but we are getting a couple of key players, including the senate majority with texas senator saying that it would be optimal, those are his words, to have a health care bill completed by friday. you know, i'm thinking to myself friday is, like, the day after tomorrow. but they hope to have a lot of these differences, and they've got to be substantial enough to resubmit to the cbo or feel that they're substantial enough to give to the cbo so it can kind of rescore the package.
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the drive here seems to be to make less eye popping the number of americans who could lose their health care. now, that's a misnumber because no one will lose their health care. 20million more americans will gain health care. it will not be the 42 million more who are slated to gain it over the course of the next ten years under the affordable care acted. it will be 22 million less than that. so when you hear the 22 million will lose their insurance, that's a gues guesstimate on the part of the cbo on the trajectory on obamacare presently. i know i get into the weeds there to make that point, just like there are no cuts to medicaid in this. cuts of the growth of medicaid in this, but i'm going to stick with that kind of stuff because i have no life. congressman donovan joins me right now. i do want to get into taxes and everything else with you, congressman. but on this rework with health care and the senate trying to get a new plan ready by friday, have the cbo scored before july 4th.
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>> yeah. it's an ambitious time frame. but we've been told all along you have to get through health care before you can get through tax reform. you have to do tax reform before you can get to infrastructure. so i think the president and both houses are anxious to get health care done correctly. our health care is in need of repair, it's broken. on his very ambitious agenda. neil: all right. so this is really about getting done to clear the decks on the tax cut thing. a lot of your colleagues feel the same way our stuart varney was raising that with a number of his guests in the hours before. is it your sense that if this isn't put to bed or concluded, the health care thing since they're not shelving it to move on to tax cuts, that tax cuts are in danger? >> i think we can do more than one thing at a time. but because the health care
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bill has tax implications, you know, there's going to be a deficit if you don't have the employer and the individual mandate, there will be less income into the federal government. so if you start elmo those things, it's going to affect the tax code. so i think -- so i think that's why it has to be done in this sequence. but, neil, we can do more than one thing at a time. we want to see advancing and moving forward. we want to repair a broken health care system, and we to fix the aging broken infrastructure of this country. and i think the president knows in an election cycle that's two years long, most of the things that get done in that term happened in the first year, rather than the second year. neil: all right. you're right about that. historical left or right democrat or republican, it's the first year. let me get your sense on the health care thing assuming we get past the tax cuts. certainly it's a herculean leap. then on cutting these taxes,
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you're against getting rid of the deduction for, you know, what you pay in state, local taxes. new york, that would make sense they're sky high in the empire state. would that be a deal breaker for you? >> you know, i met with gary cohn, the president's economic adviser and secretary mnuchin, and i explained to him my concern about how new yorkers pay about 10% of their income to their state and local taxes. and for 100 years, we've been able to deduct that from your federal filings, which saved new yorkers a lot of money. the allegiance of that would cost new yorkers a lot of money. so -- neil: but presumably, as you know, sir, they gain it back in a much, much lower tax rate. i haven't crunched the numbers for new yorkers. maybe it didn't offset. what if it did? >> and it may, neil. secretary mnuchin and adviser colin has said to me they would prove to me that with a lower tax bracket and doubling the standard deduction and also allowing people to deduct
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either their charitable donations or their mortgage and property taxes, and i've asked them to prove that to me. i recently sent them alered reminding them that they promised to show that to me. 97 percent received a response yet, but i just hit i will. and i will vote for any tax reform that will lower the taxes of new yorkers. neil: all right. we'll watch closely, congressman. thanks for taking the time. >> thank you, neil,. neil: all right. you heard about this latest malware ransomware, whatever you want to call it. some are calling it want to cry two, another version east coast hack attack that went into effect last month. this one is progressive to be much more sweeping than he really thought and much more than just ukraine. this has hit power grids, banks in offices, prominent fortune 500 companies, and you know how this goes. people admit it after the fact. sometimes 24 hours after the fact and, oh, the people admitting now. after this
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neil: we are just getting word right now, fedex, the overnight delivery service, the stock has been halted. it was apparently hit, i don't know when it was hit, by a malware attack. if this is sounding familiar to you, you're right. over the course of the last 24 hours much of the ukrainian power grid was attacked. banks, government offices in eastern europe and ukraine. russia's rosneft oil field. danish shipping giant mersk. merck and its european headquarters affected. wpp was knocked off-line. london sea containers, on and on. this is much more widespread than earlier thought. maybe like another "wannacry" situation, the last hack attack a month ago what are we looking at here, how big of a deal will this be? we have a cybersecurity experts here.
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welcome to both of you. tim, how this type of stuff and dimensions leak out the way it does? yesterday at this time it seemed fairly limited in scope. we get revelations it was much bigger. why is that? >> neil, with these types of cyber attacks, things changing all the time. new report came out from microsoft saying this started with update for some accounting software in the ukraine. we're still trying to grapple with understanding how far the thing will go and what dimensions of it will be and we won't know until we finish seeing what is happening. hopefully security researcher is looking at the code to get a sense what a kill switch might look like. neil: i hear you. in the case of fedex, they are announcing this as a computer virus. said no data was breached, but nevertheless it did happen. when companies get wind of this, brian, how, how do they appreciate the enormity of it? i do remember the case of target a couple years back.
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it didn't tell anyone until you know, months after the fact. but how do they get a sense how big it is? >> in this case talking about ran someware attack, it is pretty immediate, your phones, servers, email doesn't work. you can't conduct business. this is entirely different from target scenario where you found out after the fact, credit card records, millions of records at other establishment are not working. this hits home from me. i saw a candy bar factory in australia shut down. for me personally with kids, if you can't get chocolate the world is turned upside down. neil: that is a very good point. i'm glad you keep this in perspective. tim, one of the things we try to get a handle on how they go after power grids? that's a big deal or shutting one down or half of ukraine's power in the process, that is scary, implication, possibilities here.
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there have been a smattering of similar attacks here, but a big one like that, that would be a game-changer, would it not? >> absolutely. our power grid is managed and controlled by data systems. those systems are incredibly antiquated. many are incredibly old systems. we've seen in research projects and different research initiatives where malicious software, ransomware, can shut down the systems, stop them from working, stop employees of power plants from working. we saw in this particular situation the nuclear power plant in chernobyl was hit. this is one of the times you have to pay close attention whether or not we're really being honest with ourselves about the implications here. look at stuxnet. that is perfect example. talk about centrifuges being damaged physically because of malicious software. neil: you're quite right. it is one thing to hit some
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convenience items and the rest but another thing to go after the grid. if you or hackers has ability to do that, who has the sophistication to carry it off? north korea comes up. russia comes up. china comes up. so who would it be, brian, who do you think? >> well it could be any number of actors. you listed some of the top suspects, anytime you you have a massive attack, you have got russians, north koreans, venezuelans, company i worked with, fireeye, vietnam is getting into the mallware game as well. you have to remember, ultimately a lot of mallware and software exploits are available for anyone to buy on the dark web. >> absolutely. >> you can go out there with bitcoin, make a purchase and launch a malicious ransomware attack. neil: can't we track the origin? in other words if you knew people would be on to you for doing this or track it to you or your computer or home, whatever, agents will be outside there, there are very good tom cruise movies that bring this to
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people's attention but how is it possible that that never happens? >> it's very difficult because the hackers are extremely good about masking where they are actually operating, leaping through different computers. they can even mask their signatures, make it look like it came from north korea when it actually came out of latin america. it is a combination not only computer forensic skills but human intelligence. that's why ultimately when we talk about figuring out who this is, this is an issue for government. why you see it referred to as law enforcement or national security matter, not just a company security matter. neil: real quickly, tim, we were learning fedex hit in this latest attack, we don't know whether it is the same type of attack as last month, but they were caught up in that "wannacry" attack. this is the second go round for them. what do you make of that? >> absolutelily. neil, this is the new normal. we'll see more and more of these attacks. the cybercrime groups already
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told us to expect more data dumps and cyber breaches, cyber attacks for months and months. we're expecting more of this. this is normal chaos. we're having this conversation about health care. imagine if the power grid was taken down because of a per attack. imagine what health care could be like after that? that is really scary. neil: very good point. gentlemen, thank you very, very much. we'll keep an eye on this. what we know this might be a separate case with fedex but it is another reminder how vulnerable so many of our top companies are. they joined likes of merck just yesterday. and a number of top international firms this morning. here we go. meanwhile president trump continues his twitter attack. this time after an expanded media briefing, the fact that the media is getting off too nicely. so it has gone beyond one news network. now they're going full throttle against a lot of news networks and news entities, after this.
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collects rightful sales tax in every state that has such a tax. that is 45 states, amazon is saying plus the district of columbia. so any notion that the president gave they do not, amazon is saying, he is not right. that is not, that is not the case. the president meanwhile is recommended that everyone at amazon pile into one of jeff bezos' rockets and get the hell out of here. i just added that to see if you were paying attention. back to the battle who is reliable in the media, you saw this nasty dust-up at the white house yesterday. realpolitiks editor, a.b. stoddard. charlie gasparino, whether this is the case. we have a clip that illustrates how heated the moment got. ralph, or sue? if we can show it. okay, not important. all right.
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i caught them off-guard. they weren't expecting that. i love doing that. charlie, the gist is this. that you know, this white house wants special kind, fawning coverage. when these journalists are doing their jobs they call that fake news. that is not right. that is not fair. what? >> i don't think you can say they're all unfair or they're all not unfair. that is the whole thing here. i mean i think, it is safe to say that the story about donald trump where, you know the cnn wrote this sort of breathless piece about him being in russia and prostitutes and all this garbage that was, each line was sort of, aside from the fact that the fbi showed that to donald trump the underlying details were all inaccurate or no one could prove them. to run that type of story is it pretty unfair. neil: this latest one roping in anthony scaramucci.
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>> that is another one. think about this way. neil: that is the one that got them to get rid of these three guys. >> i go toe-to-toe on mooch, in a lot of ways, i'm not holding his water. here is a guy that might have said hello to russian guy in you davos and therefore underinvestigation a committee run by republicans. that sounds crazy. that doesn't mean elizabeth warren doesn't want the incidental meeting under investigation. but do it. they were under investigation for saying hello to somebody. it was wrong, first of all you can say hello to you want. russia is not isis. the islamic state, the russian state is not the islamic state. i don't think this thing -- the republicans for them to like elevate that to specific investigation is pretty crazy, and yet -- neil: isolated case, isolated story. cnn, one second, ab, help me
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with this, cnn did retract the story. pulled it from all its venues. these reporters and behind the story in question later resigned. but they handled something that was probably poorly-handled in the first place getting to this point the way you would expect a news organization to do, right? >> i think they more than rectified the situation. that is what happens when news organizations get things wrong. they're call on to it, say publicly that they erred. they have to retract the story, make corrections to it. that means their individual credibility is on the line but if you look the way that the white house is playing this game, many times the president says things that are not true. many times the president has his spokespeople go out on camera say things that are not true. neil: the timing of this for cnn isn't good. even though they might have handle it correctly. there is no argument. >> look at timing for president trump. there is a huge "washington post" piece last
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week, i read it, 36 pages. there was a blind quote from a top obama official saying looking back on it, one of the worst things during my time in government, we really basically choked in terms of retaliatory reaction for the russians meddling with the election. trump loved that. they used that blind quote. thought it was real news last friday. this week when "the washington post" write as post has fake "time" magazine covers made and frames them in his clubs, and now taken down, going after jeff bezos and "washington post." they get to cherry-pick. neil: you're quite right about it. but it does again many could back to this narrative, i think it gets a little silly out of control, but you've got to be extra, extra squeaky-clean perfect. >> people take shot, recent story of one of mine. what i do i call the person up. you have to follow a process, let's be clear. and then if you follow a process
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make a mistake, you own up, nothing happens. just happens. people make mistakes. neil: but feeds this narrative -- >> here is thing i would say. it was worse than that here. another thing to consider with especially how cnn reacted to firing these three guys. their act to merge with at&t, you know, their parent company's ability, time warner, is on the line. the trump white house has to bless that. if you're telling me that had nothing to do -- neil: you're saying had not been out there, these guys would still be there? >> i'm giving you my opinion. my opinion. neil: if that hadn't been out there, reprimanded, everything else, wrote a corrective story. i don't think they would have been fired. neil: i do want to ask both of you this, ab, to you, in this environment administration picks and chooses them on what is fake news, go after them with numbers that don't add up, they get upset. i can deal with that.
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most media get upset, but do they have the point that the media is only interested in the salacious, negative, stuff that only will say they did anything right? >> first of all, neil, you follow the trump agenda as closely as i do anyone else here in this business. we're looking for what they're going to do in terms of a big legislative win before they go to the august recess. then get into the fall with spending deadlines and getting to midterm election year. ever single time there is news on taxes or health care, that is all we cover. yes, there is an investigation into russia. seven associates of trump, including his son-in-law are looked at for questionable activity or things they forgot about, however a lot of things we cover are things that trump himself wants us to cover. neil: bingo. bingo. >> media is shining object. neil: he goes off the topic and. >> i just don't buy the argument we're running always down the
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rabbit hole. neil: you're not but everybody else. >> i think problem with donald trump, i know donald really well -- neil: the president, president trump. >> very black and white. neil: very mean. >> very black and white. but i think we'd all be living in a cave to suggest, we would have to be living in a cave to suggest that the media doesn't have absolute, i was going to use another word -- neil: ab as an example who has time does get into everything. >> i agree. what would you say, if you said 60% of the media, if you said they have a bias against trump, that is accurate? neil: i would say -- >> yes. neil: look at the time. when we come back, senator thune, he is telling me right now senators are trying to cobble together a deal by friday, get it scored by july 4th. game on, stocks up. for how long.
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today, we're out here with some big news about type 2 diabetes. you have type 2 diabetes, right? yes. so let me ask you this... how does diabetes affect your heart? it doesn't, does it? actually, it does. type 2 diabetes can make you twice as likely to die from a cardiovascular event, like a heart attack or stroke. and with heart disease, your risk is even higher. you didn't know that. no. yeah. but, wait, there's good news for adults who have type 2 diabetes and heart disease. jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. jardiance is proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and heart disease and lower your a1c. jardiance can cause serious side effects including dehydration.
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the process through usaa is so effortless, that you feel like you're a part of the family. i love that i can pass the membership to my children, and that they can be protected. we're the williams family, and we're usaa members for life. call usaa today to talk about your insurance needs. neil: friday deadline to get something, it doesn't have to be detailed to your point but something that you could present certainly to the cbo by the july 4th break. that is is true. that's still on. >> that's the plan, of course. we want to make sure that we get this tone right but i think it's important to start bridging the divides within our conference and figuring out how do we get to 250. i don't think we want this dragging out. neil: stocks were going up, you're welcome, america but i
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idigress. that friday. get it scored by the cbo quickly presumably before the july 4th recess so they can pounce and act on that authoritily -- shortly thereafter. blake: hey, neil, that is what republicans like thune will have to figure out what to do when coming from july 4th recess. this renewed hope or urging from some within the republican party, the senators to make a deal by friday. that would allow a couple of things for the congressional office to analyze over july 4th recess and allow the senators to go home and say, hey, look, we
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are working on something and we are waiting for a score and that would set up potentially if this all plays out for a vote at some point after the holiday. the word "f" is an interesting neil. he was gathering with the state leader, but at the end of the remarks started talking about the health care bill and the status of it, saying that they had a tremendous at the white house yesterday and said it won't quote really well, i think we are going to get really close, however times he also talked about this plan in terms of the word "if. "take a look. >> i have to tell you the republican senators had a really impressive meeting yesterday at
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the white house. it will be a tremendous plan. you will have very happy people if we can get it done. blake: do you have hope that you get this across the finish line. i always say if, i always say if. neil: probably a good strategy. thank you, blake berman. in the meantime, senator of north dakota, senator, that friday promised, a reworked version more than anything else. how doable is that? >> we will have ideas by friday that we can take and get scored and that will help keep moving process along but i felt in july and realistically hopefully have something done before august. i think if you go back and look, our leadership wanted to have a
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vote if possible by the fourth but myself and all others it would take longer and so i really don't think this is a too big of a surprise. neil: senator, do you feel the pressure, you're not among the nine who had serious reservations, who outright oppose the measure as it stands right now. do you think it's going to be tough to get it down to no more than two. >> i believe it does need improvement. we are talking about some of those ideas and there is division within our caucus and we need to find ways to make changes and improvements to get to something that i can support and other members of our caucus can support. we need to get to 50 and with the vice president 51. neil: do you subscribe to the notion better this bill than obamacare, it might not be perfect but it's a heck a lot
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better according to some of your members than -- than the law it replaces? >> we need to do something. obamacare is imploding. i don't think this plan is good enough to support yet, but we have to keep work to go get to something that we can support. we can't just continue to let obamacare implode. neil: all right, is there a point at which colleagues are saying, we are going nowhere fast, you are knee-deep in this that you have to do this before tax cuts? >> we will see. i think we are going to get something done. i can't predict the timing, whether we get it done now or it is possible that we go to tax reform first. regardless, though, you have to remember with health care reform, this is one step in what's going to be a process and it's going to take more than just passing a bill. that's what gets it started. you need administrative action and we are going to have to come
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back and get some bills that we can pass with 60 votes to truly get to health care reform that we want and last long term. neil: i'm an outside observer, senator, i'm amazed in the seven, eight years since we got obamacare and you and others have been critical of it, there was plenty of time to put together, rather detailed packages, some of your colleagues did so, why are we in this scramble right now when that's a long time to come up with something? >> because you have to get enough agreement to do it and i understand people feel a sense of urgency. it's still more important than get it done right than quick. neil: all right. we will see what happens. senator, thank you very much. president trump plans a fundraiser today i think in his hotel in washington. tomorrow in the show doug is going to be here, a very big donor who has been holding back money until the agenda is passed, but first great america pack to care eric on donor fear that is this agenda could be
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delayed. eric, is your big worry now that regardless of which plan is preferred, whether it's the senate one that's out there, the house one that's out there, the new one that's coming from the senate on friday, whatever, it's delayed, delayed? >> yeah, but i also think this so-called russian hoax has been part of the delay, delay as well. that's not what i'm really hearing from donors. again, when donald trump ran, he really wasn't a donor-driven can date. he was a self-driven candidate, but donald trump really spoke straight to the american people, a lot of the things that he ran on and trying to execute i think most of the donor base and the grassroots say that congress needs to really follow his leadership when it comes to passing legislation, whether it's building the wall, whether it's reducing regulations and, of course, health care and tax reform. neil: eric, is your group among those that we should punish
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republicans who don't go along them or primary them, their demand to do just that with the nevada senator like dean heller, others are saying, wait a minute, just because we are holding off on that doesn't mean that we will not revisit it, where do you stand on it? >> no, we are probably on the opposite. we have enough problems with the democrats sometiming our agenda. what we look at is when donald trump ran, he brought in so many new faces and voices under the republican party and though have been low reported. we have an opportunity as republicans to make sure that we keep those people, those new faces and that's what we target. from our standpoint, we want to push and say, where are the democrats, do the democrats think that obamacare is succeeding, do they want to run on keeping obamacare in place where all the otherrics changes
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-- other exchanges are leaving different states, of course not. neil: for some reason, they don't like them, he doesn't flip over them, i don't see the two sides united and maybe i can be wrong but does a group like yours that raise 30 million, even more than that for the president's presidential run enable to race this on the way around, it's a waste of time to reach out? >> no. we are not a party of compromise and, again, we follow this trap as republicans, a lot of it comes from the mainstream media. americans are looking to compromise. no, we are not. donald trump didn't win because of celebrity, he ran because of those things i mentioned earlier. america first type of policies.
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what our effort is, what it's really merging together the grassroots to the donor community say we have a real opportunity to execute on things and make america great again and we are not hearing the same complaints on the road and we are out there in the middle states. once again, we have an opportunity to pass forward america first agenda but don't forget, that gets opposed a lot of times but really the status quo which donald trump ran against. he ran the status quo inside of washington, d.c. and is going to take time to blow up the boxes. neil: do you think that status quo includes republicans? >> it includes some establishment republicans and some members of the mainstream media, i think it also includes really members of the intelligence community. people do not like to lose hold or grass of power and that's what he's been opposing really since he was a candidate and now that he's president he's seeing how hard it is to get through that type of agenda but that's what groups like ours does. we make sure that we reinforce
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why he ran and why he won. neil: good seeing you in irvine, california, great america pac co-chair. stocks near session highs, continue to advance on the idea that this thing is not dead when it comes to health care. it's delayed a little bit here. surprise to many that they hope to have a measure up by friday and the cbo to score before july 4th which would, of course, be next tuesday, so they are moving, the question is are they making progress while doing so. more after this ♪
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out and offline for hours, much of it coming online but this was a widespread. any time this happens cybersecurity stocks are essential in vogue and are in vogue today. we score these things not only take of the united states but abroad particularly in china, a growing percentage of revenue. what if the revenue figures we are getting out of china are wrong, they are not what they appear to be. connell mcshane, what's going on? >> the motion picture association of america has reportedly brought in the big accounting firm pricewater whitehouse.
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last year was 3.7% growth. it slowed town a lot. xi jinping, the president of china, they cut a deal how much they are supposed to get. 25% of gross ticket receipts that are coming in and are supposed to go to the studios and 30-some films that are allowed to run in china every agreement and that agreement comes up next year. a lot of back and forth now and they want to maybe get some lerch and renegotiate this and if this bloomberg report is right, we reach out to the motion picture association, they didn't comment. if this is right, maybe you create ledge and maybe next year you get better leverage. neil: do we rely on china telling us what the numbers are? >> we have some of your favorites, pirates of the caribbean, transformers, huge fan of transformers.
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neil: stupid movie. connell: don't get us in trouble again. neil: is it our movie? connell: probably. neil: set your date for that one. [laughter] connell: we always get in trouble when we talk to movies, every time we talk about media. we both do hate star wars. neil: really, you hate star wars ? is that it? connell: they make a ton. neil: china gives us numbers and we rely on china telling us, can they even play fast and loose with the movies and how much they are making? >> that's what the motion picture association may think and they want to auditors to go in and actually run the numbers because they were told when they cut the deal five years ago that they doweled do an audit if they wanted, they want to come in and get the actual numbers, you know, and see what they are. it's always a balance with
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china, it's like anything else and the president has come in and in the campaign trail was tough on them on trade which could throw a monkey wrench. it's always been in business interest you thought to be more friend and foe but at the same time you're too friendly and they take advantage of you. neil: they do. they are going to keep making horrible movies because they might do marginally well over here and very well over there. connell: huge. the great wall, that was theory. sometimes that doesn't work out. neil: it can't be all planet of the apes. [laughter] neil: thank you very much. planet of the apes comes out in a couple of short weeks, america. google is facing more issues right now.
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that right to be forgotten, neil would be controversial. there's a few things i would like to see taken down. pictures, your age. you know. [laughter] neil: thank you very much. you know, fear of agenda delays would be hitting investors. could be hitting but you're not seeing it. what is it with this agenda that seems styming? the economy and the market have a funny way of showing their angst after this.
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with that, of course, he is the principal shareholder but there's a lot going on here and competition in certain neck of the woods. >> hey, neil, microsoft bill gates has been the richest man in the world for over two decades but all of that could change because amazon ceo jeff bezos is in the number two spot, he's climbing fast. bezos has made three times more money than gates so far this year. now, according to bloomberg, bezos has raked $18.4 billion while gates 6.7 billion in 2017. the billionaires have companies headquartered right here in the seattle area and their net worth is largely dependent on their stock price. gates owns about 2% of microsoft shares, bezos is amazon's largest share hoeder owning about 17% of amazon stock, now for bezos a significant pop in
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the stock could push him to number one spot but a big tech felloff like the one yesterday could sink bezos down the list. amazon stock is about 30% so far in 2017 but yesterday the stock took a tumble driving down bezos net worth. it's recovering a little bit some of the loses today. amazon next earning report could push bezos to the top spot or topple him out of the number two spot entirely but working in bezos' favor is bill gates pledge to give away half of his net worth during lifetime through his work with the bill and melinda gates foundation. neil: that's a lot of money. in the meantime, stocks are jumping in the promise that the senate is going to get a rework version of the senate health care deal that has been by no fewer than nine republican members. that's of course, the july 4th holiday.
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the rapid timetable is raising eyebrows but it will continue to raise portfolios. what do you think? it doesn't mean that it's a done deal, what do you think? >> it certainly mean that it's a done deal, neil, i tend to be one that is a little bit optimistic on whether they can get something not only completed but something that really does what the market hopes that it would do. the good news of market watchers is that they have a little bit of patience in terms of the investor side of things and i think that they're going to give a short-term pass here, see what happens with tax reform as we get into the fall, so even if it doesn't get done now which is not a good thing for the long-term and certainly something i hope happens, i don't think that it means the end of this market run. neil: you do have to appreciate
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how amazing the rally has been without any legislative victories, per se. a lot of executive orders, optimisms about health care reform, even though it's not done yet. this market has been riding away and makes me think sometimes it's -- it's not built in this phenomena, what do you think? >> we expect this year to be an exceptional year just based off of corporate earnings growth that we were going into this year. this year s&p 50 is expecting double-digit gains an we haven't seen that since 2011. it's been six years since we have seen profit growth. it's not just from earnings, it's not just from cost cutting. the economy is doing much better particularly those large cap stocks and expected when we are looking at the really positive outlooks, corporations making a lot more money even without the assumption of what's happening
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in washington that the stock market should go up. now, i think investors are starting to lose a little patience. there was definitely momentum built in, evaluations are getting a little stretch and we are starting to see change in leadership move get away from high-momentum stocks and investors starting to look a little more to value but ultimately, that means the markets tend to flat out and stay stable as we shift leaderships. neil: well, it's that shift, carol, that the doom and gloom guy has by saying for the fan to investors. he predicts stocks will fall 40% and will begin with technology titans, amazon, alphabet, parent of google, facebook, are begin to go cough up and will show that and that's just a preview, what do you think of the argument there? [laughter]
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>> you know, it's funny, neil, even a clock that's broken twice a day is right and he's been predicting this since the beginning of time. when you look at the disruption on what's going on with artificial intelligence, the internet of things, the need for more cybersecurity, i don't see from a business case the catalyst that there's going to be a big retrenchment in technology disruption any time to come. you look five years ahead, 10 years ahead or 15 years ahead. even though the valuations are on the high side, they are on the high side because what's ahead for the companies. certainly as the market does tend to get a little bit impatient with different industries based on what's going on with fiscal policy or monetary policy or one particular company, there is a rotation. so we may continue to see that but i think that's a good thing. money isn't be pulled out of the market. it's just being rotated but for the long-term i think if you look at the tech names, that's
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where disruption is going to continue to happen so i tend to take the other side for the time being. neil: the other side you will stick with tech names? >> i think if you're a long-term investor unless you have a particular name that you don't think is going to be one of those leaders, i think that the big guys are going to continue to lead for years to come. neil: erin, one other issue is that things can't go straight up for all that long with this market. if you just go back to 2009-10 period it's been straight up and that it's due for the very least correction, never happens and i'm wonder if that alone is something that would just worry on a fundamental basis. >> so we don't necessarily see that we have to have a bear market, becould have a pause where the market remains flat and have sort of low volatility days assort of your earnings and some of the uncertainty around washington that sort of plays out in the marketplace.
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so we could just have a pause. that's very possible but still remain in that up trend and given the fundamentals that we are seeing, when you're looking at double-digit earnings growth, you are looking at high sing-digits growth, i think that would be much more likely scenario because we do have a strong stable fundamentals underneath us versus correction in bear market. it's flattening out, having a quiet summer might be more likely. neil: thanks, guys, very much. i appreciate it. all right. you know who we told you about this measure in the senate that's going to be sort of revamped, reworked by friday and hopefully scored fbi cbo soon afterwards. it went too far denying people or potentially denying people health care coverage in the years to come. so whatever efforts are made to win them over and to win them
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neil: conservative critics of the plan is that you have a government controlling health care. how do you feel about that? >> it's also not the final script. you know, this is a very, very good start, a lot of thicks have been looked at and i think, you know, it's going to be tweaked. i would invite the democrats to get involve today helping tweak it too. this is something for all of us. we need to get out of this ideal of scoring political points and think about what the responsibility is of representatives with the people. neil: all right, ben carson was right about that. it's not the final act, the
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senators looking to reach a new one or at least broad one by friday. >> what we want to use this week and try to get to a conclusion so that we can get this scored by the cbo and when we come back the week after the fourth, set up a vote. it's time -- i believe it's time to vote. we have to bring this process to a conclusion and make some decisions and get this across the finish line and on the president's desk. neil: friday deadline to get something, it doesn't have to be detailed but something that you could present certainly to the cbo by the july 4th break. that's true and that's still on? >> that's the plan, of course. we want to make sure we get this right but i think it's important for us to start bridging the divides that we have within our conference and figuring out how to get to 50 so we can move this thing. i don't we want this dragged out. neil: you heard the plan, get
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something out there friday, get it scored by the cbo by july 4th and then when the members come back tenth, 11th, they can soon afterwards vote on it and then, of course, it goes back to the house and there lies the next battle royal. florida congressman ron disantis. it was written without a lot of input from them and i think a lot of them just want to be able to be sure that some of their priorities are there. conservatives are really concerned, i think rightfully so making sure we are moving away from government centered care and if you do that you can get lower rates.
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you have moderate member that is are concerned over medicaid expansion states, but there's a deal to be had over there and what i've been saying, if they can get 50 republicans to agree on a product, i think that the house will end up passing what the senate passes. i don't think you'll see -- neil: really? that's interesting, because what they're likely to come up with and i could be wrong, they are trying to win largely moderate members, right, of the nine, i would classify seven of those nine republicans as moderates. so you're going try to win over that? in so doing, the scoring will depend on a smaller number of americans uninsured in ten years than would have been the case with the original senate version and if they get something that is a smaller number there, regardless of what it does to the deficit over ten years, none of that would matter which would
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be a way to win over those moderate senators, am i right? >> here is the issue, you can win over every moderate, you had ted cruz, ron johnson, mike lee, rand paul say that they have problems with this, you have to win two of them as well and i think that's going to require there to be more moving in the direction of more market base reforms so if you have a final product that has mike lee, ted cruz and rob portman and collins on the same bill, that's going to be broad enough to, i think, pass the house but i would say with the coverage numbers, neil, the cbo, what the numbers they're using, even if you don't like the bill that is are being scored, they are not accurate numbers. cbo predicts even though the exchange are cratering, even though the enrollment is declining to less than 10 million this year, cbo predicts next year under obamacare to have 18 million americans enrolled in the exchange. we all know that's not going the happen. neil: i fully agree with that.
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just when you say medicaid cuts, cuts in the growth of medicate. they call that a cut and infuriates you and infuriates me and one of the things i was looking at there would be more covered just not as many as the cbo thinks would be the case if the -- >> but the cbo is wrong about what they're saying with obamacare. neil: absolutely. but you know how the game is played. that's the only score-maker in town. that's the score you have to go with. but i do still believe, and i could be wrong, congressman, integral to that scoring and passage through the senate the 22 million number coming down. and i share your angst about how they arrived at that but am i right about that that in order to win people they've got to get past that? >> maybe, but i would say do it this way, if you're actually moving away from government centered care and actually embracing private competition,
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then you will increase the number of people who are on the individual private market and some of the medicaid spending is going up. not as much as obamacare but it's important to point out the reason for that is, i think, most republicans believe medicaid should be focused on the poor, the disabled and the elderly not on able-body and under only i'm care able-body on medicaid get matched at a much higher rate than people that are disabled and are the core constituents of medicaid and so i think that the way it's going to be reformed, you probably will have fewer people overall in medicaid but aibled -- able-bodies. neil: it unioned to -- used to be 4% who really needed it to 40% now. i'm saying that is not -- that mathematically can't keep that going. >> exactly.
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we need to transition able-body people to private -- neil: you are told you're cruel and heartless. >> when you have all of these people on it as you said, it's unsustainable, guess who is going get hurt? someone who is on the waited list for assisted living. neil: that's right. >> medicaid on vulnerable populations and we can get tax assistance for able-body people, if you're bringing the rates down by getting rid of some of the obamacare mandates and regulations -- neil: that's the problem. naturally young people they realize they don't have to get insurance, they are not going to get insurance, right, it stands to reason that few of them will sign up for insurance, right? >> a lot of them are choosing to pay the penalty because it's much cheaper to pay a 50-dollar penalty. you're actually moving in a market-based direction,
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they can buy catastrophic coverage with maybe an hsa, that's going to be much more attractive to a younger person that's healthy. neil: you don't like it one bit, ron desantis says it's not a good bill but got them to 50. >> i want to repeal the whole thing. i think we would be better off doing it. i talked to my colleagues and i looked at the senate. we don't have a majority unfortunately to do what we had promised to fully repeal. that's what i want to do. that's what a lot of conservatives want to do but unfortunately i have to say, where are the votes at and if this is as good as we can get, i would rather make some progress than no progress. neil: you know that's very pragmatic and reasonable. i like that. congressman, thank you very, very much. >> thanks, neil.
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neil: deadline is coming up on border wall solutions and a number of prototypes being considered including some that take a blend of virtual reality, if you will, solar, still others, wind, a lot out there. fox news analyst on what type of prototypes catch his attention. whalid the whole idea is preventing people from getting in here. what would be the most effective way to do that? >> first of all, the wall has two components as we know, neil, one is engineering and a lot of things to be addressed in this issue. but the most important is popular demand, that's why there's a project for a wall on the border, a popular demand to make sure that our borders are
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not under control, you don't have massive migration that would create within the national boundaries large pours of illegals or, you know, democracies that the government doesn't know about. that can be penetrated by either gangs, criminal networks and, of course, the terrorists. building a wall by itself is not the counterterrorism measure. it's a much wider measure of national security, homeland security, counterterrorism is only one component. neil: what i always worry about whalid is one thing to have a wall but you can tunnel underneath a lot of walls and we have seen that again and again, so obviously there's got to be a mix of that or it goes down a certain level to avoid that sort of thing, what do you think there? >> we have seen examples of walls around the wowrld and -- world and tunnels. but 80% what we see right now with cameras, satellite of mass migration through the río grande
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is what would need to stop by a wall, that would be 20% which is very large in terms of decided organized networks that would try to create those passages including tunnels because there would be other ways as well. that would give dhs ability to focus on that one specific now. our law enforcement are focusing on everything. it's an open border. besides, let me add one thing, neil, we need to have better cooperation with the other side, with the government on the other side that has a lot of problems and the problems across from that wall. that's chapter 2, once we have the wall. neil: there's always a lot of criticism of walls, the message they send and i understand and we do know that israel when it worked on a wall obviously encouraged by palestinian terrorists and the like went way, way down, presumably the number of people would go way, way down but then there's the cost of this. first méxico was going to pay for it.
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how would that be done or will get to those details later? >> i think we get details but multiple better projects. the idea of the project during the campaign, let me say, is one thing it's méxico will pay for it in a way or another but then there could be project that the united states would engage actually with the mexicans. let me just say that the idea of a wall is not just unique to the american mexican borders. it is not just the israeli wall with the -- neil: yeah. >> goodness, spain, european union has in morocco and now saudi arabia will build a wall with iraq. tickery will build a wall. it's really about measures because some of the demographic movements are not under control and they need to have and perhaps in the future international law to deal with this. neil: very good catching up with you whalid phares
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republicans say by hook or crook we get health care deal in the senate. we'll get it scored on friday and by the cbo and voted on shortly after that. we're guestimating by mid-july. so much hinges on it. neil: trish is next. trish: thank you, neil. pressure mounts on senate republicans to come up with some kind of an agreement on health care by this friday before they go off on vacation. markets like the news. they want to get something out of senate. dow jones industrial average trading up .7 of a percent. nasdaq enjoying this. has up 1.25 and s&p up nearly a percent. republicans confident they will get some health care reform together by friday, vod
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