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tv   Cavuto Coast to Coast  FOX Business  July 19, 2017 12:00pm-2:00pm EDT

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i hope that is what he says. he probably won't. we're almost end of the show. i want to thank sank tankel, herman cain and ash and liz. we have five seconds left. my five seconds, neil. it is yours. neil: okay. you know by the way this whole bus thing and then pizza, shouldn't he have been doing this last week? >> yes. stuart: are you critical of our president or republican party? neil: i would say both. i would say both. they dropped ball on this. we'll see. pizza can solve a lot of problems. pizza is italian specialty, stuart, as is cheese and we'll get to that later on. stuart: i thought you were the cannoli guy? neil: you can have both my friend. everything in moderation. but i don't want to go on about that. meantime we are watching this busloading up here with senators. they're on their way to the white house as stuart indicated here.
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this is really, sort of a fence-mending effort on the part of the president, which comes with strong reminder. i want to get something done an health care as well. it is that it is not dead. adam shapiro monitoring all that. adam, what have you got? reporter: senators are boarding bus behind me as you can see. they're keeping us away from the senators. an important one, lamar alexander called for hearings to work out some compromise, maybe at least with democrats, to at least stablize the insurance markets. here is what he said when he was getting ready to board the bus when i spoke to him. senator any comment what the meeting will be about, what you hope to be hear from the president? >> if he has suggestions how we get a result they are welcome. reporter: do you think he will be angry with you all failing to take action on obamacare?
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so, neil, details of the lunch, we don't know exactly what they're going to be talking about, but senators are still boarding that bus. there is probably going to be a discussion, not only where do you to from here with health care but also tax reform. remember the house is now considering their budget resolution. this is a key agenda not only for republicans but for the trump administration. so this lunch, wouldn't you love to be a fly on the wall in that room? back to you. neil: adam, thank you very much. it is not a given it would be pizza. it could be calzon. we'll keep you posted. media is in feeding frenzy, no pun intended on president trump and vladmir putin meeting at g20, is being one. i want to give you a sample. >> when these headlines started to cross tonight in our newsroom, it caused an audible, oh, my god so ripple across the cubicles. >> because of what donald trump done in the past, reporters, foreign policy analysts, and our allies can safely assume the
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worst. >> what is the unfinished business the president decided he needed to transact after his initial meeting? we don't know the answer to that. in fact we may never know the exact answer of that because we have no record. >> that is exception alley unusual. it is disconcerting for american allies around the world and certainly, despite the fact that trump apparently just tweeted it is fake news, it's a real story. neil: all right. with the exception of some of those fine folks, to me it is not a real story. we go to the president on things that matter on this very show. he doesn't come on this show. i have no agenda outside of saying this. everyone has to take a chill pill. this is global forum. what g20 leaders do when they meet, leaders meet and talk to each other. they have dinners together. they bring to spouses. if this was meant to be hidden
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public view had clever away of arranging it. angela merkel gathering them all in the room where there were video cameras there was no surprise. only surprise american president is on to this now. they get up and move around for minute or hour, whatever with each other, american leader with the russian leader. fact of the matter this is what they do. whether something sinister was afoot or something being placed to the president not having an interpreter but having to rely on the russian interpreter, because that interpreter spoke english and the one that the president had spoke japanese i guess because his wife was seated next to the japanese first lady or leader, i don't even know what was the case, they could only bring one. the president didn't have one who spoke russian. so he walks over, talks to vladmir putin. i guess you can implyanything sinister you want, when others talk to other leaders, we're left to conclude, that is not so sinister.
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leaders of the world, superpowers, they're meeting with all the backdrop for this. of course russian meddling in the election. i could even see some of that concern but this faux rage over this, come on, everybody. global leaders in a room, public gathering, not tucked away in a tad's steakhouse in new york city. this is germany. this is all together this is what they do and they love doing it. look at the table. look at the gathering. look at the venue. try to hide there. i would stand out at a jack lalane's working out. none of these guys stands out, tossing a drink, maybe some shrimp on the barbie. i don't think in germany i don't think they were big on this but my point is, if this is the stuff we're going to get the all out of joint there is something wrong with the media joint. let's ask "the hill"'s media reporter joe concha on all of this. joseph, i don't see anything
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there to justify this crazy response. >> so any meeting with any russian moving forward is now considered treason. neil: that pretty much, that is the way it was spun. >> that is the way it was spun, wasn't it. i enjoyed gloria borger on cnn saying, what other business does he transability with russian leaders? does that imply bribery or money exchanged. that is funny. neil: president walked over to him. another publication said that vladmir putin planned this, waived him over to come to him. i'm understanding from the video and pictures there was no such wave over. the president is a schmoozer. talks to a lot of leaders, beeline for vladmir putin after two-hour meeting. that is what raised hackles. >> let me give precedent there was another secret meeting between a top trump official, jeff sessions met with kislyak, on the floor at a convention with thousands of people there.
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and dozens of other senators and that was considered a meeting that was not disclosed by jeff sessions when he was testifying when he was being confirmed. so that's where we are now. i mean, it is amazing in terms of boomerang effect this will have in terms of trump voters for instance. this is why trump voters. want to he play a game 93. i love the number, 93 is everywhere. 93% of trump voters don't trust media. 93% of the cnn coverage of trump administration is negative. 93% of russia coverage on cnn morning show on new day, focused on russia. 93%. that is remarkable to me. after a while this thing called fatigue comes in. voters don't care anymore. harvard harris does a provide, provides it to "the hill," exclusively. 64% of voters want the investigations into president trump, they think they're hurting country, 63% should move on to somethings, something else, i don't know, the economy, neil. neil: we talked about this all before.
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i figure we have 24 hour business channels, 24 hour news channels, get into something, something you missed or you were a guest, two sat down talking for however long, fine. but go after the president, maybe on dropping ball on health care. go after the ball, with the president the day after the fact finally getting republicans together at the white house to talk what strategy now is a too little, too late, whatever. i think when you're grasping at straws, calling sinister intentions to meetings, maybe they weren't forthcoming about this, you can assign some sort of a motive to that, but that is you as signing signing that mott motive, you're going beyond fact what is they are. you don't know what the facts are. you don't know what they discussed. you don't give the president opportunity to respond to that because we're relying on what a russian interpreter might say of that meeting. he can't win for love money. >> fortunately, there is video element to this that you showed. it shows how big that room was.
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and how many people were there. and that it was filmed. how can you do something secretly in public with that kind of venue, with two leaders of the most powerful nations on the, with respect to china, getting together, speaking a little bit. saying that this is all part of the conspiracy? it is the media that cried wolf. after a while, people stop listening to that. neil: "washington post," all the coverage of this, after the broadcast coverage last night, and they're bemoaning fact other leaders there, none of them big fans of donald trump, were, i guess, i read into it jealous that he took the time to sit down with vladmir putin, rather than any of them. although we can see he passes, exchanges pleasanttries with them. whether he likes him more than them, who cares, what does it matter? it would seem to signal anytime the president communicates is bad. we used to in the press welcome leaders talking rather than fighting, discussing how to solve problems, rather than how
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to create them. again i don't know what was discussed but we used to give conversation the benefit of the doubt, not doubt it at face value. >> that is a very good point. remember what was overanalyzed to death last week, like i never seen before in media, handshake between the french president and donald trump. to the point another cable news network put a clock up and timed it, said it is arm wrestling. when he gets along with leaders that aren't russian, that gets mocked. when he talks to putin that is mocked or gets scrutinized or called sinister. you know what gets done in meetings when you close senator in a room, stromboli, forget pizza. neil: they might do that. by the way we said that, this is a little late, tentative to do after the fact. that is a fair criticism because you could say the criticism he got from fellow republicans you didn't have our back going into this. maybe had you pressed more we could have a deal. fair criticism, but imaginary slights from a meeting that occurred that you should have
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known about, the world's press apparently knew about, i don't know. it is too clever by half. >> a lot of people don't know, when actually something serious comes out about the russian investigation, if anything serious comes out at all, think of what he had at this point, donald trump, jr., meets russian lawyer, no information is exchanged no law broken, if you listen to big lawyers of the world, alan dershowitz. we had that. go to december, flynn meeting with kislyak. after the election. you can't collude before it. one more meeting in january with sessions and kestly yak. what evidence do we have any crime being broken? can you he define the crime. a lot of americans are turning this off. they don't know what they're talking about. what crime are we talking about? neil: backdrop of the relations whether russians were doing weird things but all, we don't know what was scede here. we know what was said with president obama meeting with then russian president medvedev he said --
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>> i will have more flexibility after the election. neil: there was some kind of coverage after that, none approaching this. that was a comment we caught on camera. that i'm saying i don't think they have been very fair and balanced. >> do you think i rooted for ivan drago in "rocky iv"? i thought he should go down. neil: very good seeing you. a little perspective, comes from a show the president is not a fan. that is fine. i don't take it personally, this sort of stuff, go after him on things that matter. i'm telling you, my knee-jerk read, i defer to far better media watchers than myself like joe, this just doesn't add up. does not add up. meantime rule of thumb for any global gathering and their leaders is to ignore each other, not say a word. so if you don't like the steak tar tar, do they do that in germany? they probably do.
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they like raw meat. we have a former cia analyst joining us former national security advisor to vice president dick cheney, john hannah. john, what do you make of the dust-up on this? i'm not trying to be too clever for words here but it is an amazing estimate to the media after fronttry here this was managed to joe's point, a lot video taking going on, a lot of people in that room. the leaders of most powerful richest countries on earth and spouses and significant others yet it is still sinister? >> well i would say the first thing, neil, we don't know exactly what happened. we actually got competing stories. the white house said that president engaged with a number of leaders there, including putin for a few minutes. exchanged pleasantries. on other side we have a narrative coming out of the media unsubstantiated says this was a serious hour-long
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substantive meeting, allegedly to discuss sensitive national security issues with a, let's face it, the head of the kgb, with no love lost for america, a kgb interpreter. neil: who cares. if they had the substantive discussion, whatever, i'm not trying to minimize all of this, i'm saying well, they're talking. should we care? >> yes, listen i'm a career staff, neil. and if my principal went off freelancing with head of kgb, with no other american present, nobody knows exactly what might get agreed to. in the late 1980s in reykjavik, reagan went out with gorbachev alone. agreed to get rid of all u.s. nuclear weapons. neil: fair enough. i will flip it around, tara, john contend he did i's brother -- kennedy's brother, robert kennedy, eschewed political establishment working
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letters back and forth to russians to tamp down the whole cuban missile crisis. i'm not comparing the two, there are a different republican predecessors to handle russians different ways. what do you say. >> let's assume no substance was discussed. reason we don't know that, there was no aide present, english translator there on the trump side of the equation. neil: how do they do that at a dinner. only allowed one translator. the japanese one was near the president because he was next to the japanese first lady i believe. >> right. even if it was benign or nothing of importance was discussed it still raises problems. there is a reason this is getting extra scrutiny. i agree probably other issues are more important that should be focused on. there is reason. this is not period of normal times. the administration is under investigation, aides associates for collusion with russia. there is meeting past week looked at very closely because misleading information about the
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contents. neil: they are not to see each other, john? not to talk to each other or keep it very limited? >> no, i this it is good leaders of the two greatest nuclear powers on earth are able to establish a line of communication and be able to talk to each other but, you want that done, there is a reason for process, neil. it is, it is good practice to have another american there to at least, at least we hope the president had down-briefed this well to his staff. they know what was discussed, what was agreed. they can follow up. neil: we don't know that we don't know that, do we? >> we don't know it. we need to find out more. neil: thank you, guys, very much. i want to indicate you we gave you both sides of this story. i did not find that other side coverage in the networks and certainly in the press today. that is by the way what a news organization should do. we're not patting ourselves, we're saying there is another side to this. good, bad, sinister, maybe not
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so sinister or maybe it was just a dinner and comparing quality of the fish. all i'm saying get it all out there, for god's sake, shut up. a little more after this.
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neil: all right. the bus has left, or at least one of them.
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gop senators, we don't know if all 52 are on their way. would obviously not include john mccain still recuperating from surgery for a tumor found above his eye in arizona. we're told anyone who could come is coming of republican senators. to the white house. it will be over lunch. we don't know what the lunch will be. earlier surmised pizza. not necessarily the case. it could easily other italian products t could be chicken wings. that is messy but you don't know. blake burman with the latest, what this is all b sound like they're going to try but the president will reurge them to try the health care thing, right? reporter: at least try to push the message on this day, neil. we can expect the president to tell the senators look, you have to keep your promise. we heard the line from the white house and the president this morning. he tweeted out following in anticipation of this meeting, quoting, i will be having lunch at white house today with republican senators concerning health care.
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they must keep their promise to america. he went on to say, quote, the republicans never discuss how good their health care bill. it will get even better at lunchtime. the dems scream death as obamacare dies. neil, here at white house they started to lay out foundation in last few weeks, certainly over the last day or so, to make this arguement, look, back in 2015, 49 of you republican senators voted to repeal obamacare and replace it a couple years down the line. as for the other three, a couple of them were house members and now support that concept as well. that is now a part of the push from the white house going forward. mitch mcconnell, the senate majority leader spoke as much when he was earlier today on the senate floor. >> this is the same legislation that a majority of the senate voted to send to the president in 2015. now we thankfully have a president in office who will sign it. so we should send it to him. reporter: neil, this is the second time in a few weeks now that they have had this pow-wow
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over here at the white house of republican senators. last time the end of june. it didn't appear that moved needle at all. we'll see what happens today. neil? neil: on repeal vote, it is still on as you say for early next week. then it means, that the president, has got to try to get one of these three republicans who said they would vote against it not to, right? reporter: at least. you have three right now. john mccain at home. that is in essence four that can't vote. you have the vote mitch mcconnell is hoping to hold early next week. neil, i would add, only three are publicly nos. when push comes to shove if this thing gets to the senate floor tomorrow or next week, when all the cards get laid out. now they are short, some might think they might be even shorter when it gets to the floor next week. neil: thank you very much. blake, we'll monitor all of that, when the bus arrives at white house. speaker paul ryan is in massachusetts saying that the
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house will write tax reform legislation this fall. that differed a little bit, in fact a lot from conversation i had with house ways and means committee chair kevin brady, who wants to act and is acting as we speak. also some of those tax cuts people are expecting might not be what they're expecting. take a look. >> for tax reform, you know, it is a different type of lift. i still say it is greatest challenge of any generation but we can do it, if we just stay at the table and do our work. neil: it is your hope to get this done this year, get the tax cuts? >> absolutely. i will tell you this. there is a lot more work to be done. we're working closely with president trump's tax team in the senate. haven't seen anything yet that knocks us off pace for delivering in is set of. in the 2017. neil: earlier in 2017. he talked about estimates and numbers put out that are still moveable.
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financial services committee member, utah congressman mia love, what she makes of all these crosscurrents. congressman, very good to have you. >> hi, neil. neil: the feeling seems to be that republicans need to chalk up a legislative victory for the president as well and big tax cuts are the answer. we're getting from some moderates they don't want them to be too big. these are the same group, as you know, congresswoman, company in place some taxes on upper income on the health care rework. so what is your sense what will end up being final tax-cut package? >> so one of the things we have to do remind people what it looks like today. in the industrialized world, the average tax rate is 22.5%. the united states federal corporate tax rate is 35%. 39, if you add state and other taxes. if you file, if you're a small business, file as individual, it is 44.6%. so i think the biggest mistake
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that we can make is try to fix a complicated tax policy with a complicated large tax bill. to me, we have to be as simple as possible, and you know, forget what cbo says, because they're usually wrong. to lower tax rate and make sure that we give people the opportunities to grow wealth, to grow the economy, give people access to credit. so i think we need to take a simple approach to fixing a complicated problem, instead of trying to you know, balance everything and trying to make everything seem way too complicated. that is when we end up getting a a lot of people that have deal breakers for them. it is hard to get something too big passed. we need to simplify it by being incredibly simple. neil: there are arcane rules the way things go in washington, one is in order to do it through a simple majority, go through reconciliation, very cumbersome process, i barely grasp it myself, you do, from what i understand everything has to
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sort of mathematically calculate out. that you -- that it is revenue neutral so to speak after 10 years. that you haven't substantially added to the deficit after that time. so that is what gives moderates pause. they say, you don't want to go too crazy, right on these tax cuts? they cite those on upper income. maybe you chill on that. where do you stand on that? >> well, again, you know, when you're looking at, you have to understand that when you're putting money, lowering tax rate, literally putting money into the economy. trying to neutralize things out, you're trying to guess how much it will he grow the economy. i think exponentially, just, simply lowering tax rate, federal corporate tax rate will open up our economy and be able to he grow wealth. let's start there. neil: neil: quite right to point out
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that after ronald reagan and even bill clinton the revenue comes in fast and furious. what we learned under democratic and republican congresses alike, they spend all the money. leaving that aside, are you okay with a tax package that would produce bigger deficits in the near term before things even out in the longer term? >> i'm okay with simply lowering the federal corporate tax rate even though it says it is going to add deficits. i believe the benefits will far outweigh the negatives. i think we need to -- neil: congresswoman -- >> i'm talking about taxes all together. neil: i understand. if your preference you couldn't got anything else done, i raised this with the house ways and means chief, if your preference had one or other you would work on corporation thing? >> if i had to work on one or the other, i would be taxes all across the board. federal corporate tax rate out of control. it doesn't allow us to be competitive on the global market. we have to make sure we do everything we can not just help
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businesses but also help be, remember small businesses that file as individuals. these are, you know, smaller businesses are trying to make ends meet. so it will help americans all together. but i am for lowering tax rate and just simplifying, making sure we have a simple answer to a very complicated issue. neil: congresswoman, thank you very, very much. mia love. financial services committee member from utah. good having you. >> thank you, neil. neil: you heard what she outlined there. her druthers get all taxes down. but to start on the corporate side, you start on the corporate side. are we getting an inkling of the republican plan? is that among some other things that could come up at the white house with republican leaders from the senate? after this. ♪ o replace everything in it. liberty did what? liberty mutual paid to replace all of our property that was damaged. and we didn't have to touch our savings.
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at adt, we believe that feeling should always be there. whether it's at your house, or your business, we help keep you safe. so you can have those moments that make you feel at home. ♪you are loved wherever you are. neil: all right. i think the bus has arrived. has it, guys? i think it has.
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we're looking at a view of the west wing, where a bus we're told carrying 51 republican senators. that would be all the republican senators minus john mccain recuperating from surgery. at the white house. they're reworking health care. obviously those among you will say, well, maybe should have done this last week or week before. this is a little after the fact but maybe there is more to this than we know. maybe he make as separate pitch on tax cuts of the we talked to a number of republicans eager to move on that. this is a little bit confusing after the fact. the president says this was done, over, time to move on. what is going on here? "politico" playbook anna palmer in the flesh. former trump new york campaign chair, joe borelli. you know this fellow, fox business senior correspondent charlie gasparino. help me out with this, anna, because i'm looking at this meeting, i'm thinking what is to come of it? is the health care thing on or off?
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>> i think it has been a little confusing based on where the president has been tweeting, kind of switched sides a lot on this. from my perspective, staff on hill i was talking to on leadership in republican offices saying this is little too late. he is looking for unicorn, something will try to fix this for him. sent out two of his former campaign aides to try to get senator mike lee to change his vote yesterday. it did nothing. neil: did mike lee telegraph he would be a no vote the day before yesterday when he was having this big din-din? >> i don't think it was a surprise mike lee was going to be opposed to this. neil: i just read that was a little, you don't care? >> i think he was trying, they thought would be somebody, won by 40 point in utah. he is not at risk for election like potentially senator rob portman would be in ohio or some other people. neil: or senator capito in west virginia. >> absolutely. neil: what do you make of this.
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>> we're watching the bus looking for famous white plume of smoke for health care. i hope the president expresses his frustration he clearly must have dealing with this group of people that ran on issue the last seven years. neil: last week he seemed to cut bait and now back -- >> you don't know the threat of obamacare simple repeal with a date certain is more of a threat to put pressure or whether it is something that the president wants to do. look, if they went ahead and did that, would certainly kick the can to 2018. neil: rejigger the repeal effort. three known senators are out bense that. so the numbers aren't there. hopes to win over somebody? >> it's a tough sell. he is going to have to do something. this is the something perception looking impotent in government is worse than visuals and you ugliness. neil: go to different visual. this visual ain't working. >> neil, mike lee was no on saturday, okay? i know that for a fact.
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he signaled it. neil: i wasn't surprised, timing that night when they're having the dinner. >> the white house should have known he was done. this thing was slipping away. neil: that is not the day to be in a fire truck. >> good point. neil: metaphor for the fire you're trying to put out. >> good point. here is the other thing. there isn't a person, republican on the hill that i've been speaking to, except for those who work for paul ryan, that is not blaming paul ryan for this i'm telling you. neil: really? >> yes, they belief the debacle began with him selling trump on doing this first, knowing, knowing, by the way, that trump's heart was never in health care. he never really campaigned on it, right? did he mention -- neil: he did mention it a lot. >> he mentioned it was imploding. remember what was the big legislative things he promised? building a wall. you know, tax cuts. neil: he criticized this a lot. >> he did, but was never, never, like the other stuff. paul ryan was the one, i like paul ryan. i know him.
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he is straight, he is a good guy, but he is the one i'm telling you pushed the white house to do this as opposed to tax cuts. neil: there might be something to the logic, certain things, i just think they will now move on to the tax thing and now i what happens if they don't? >> it is interesting to watch what happens in the house. the house freedom caucus will force the senate's hand to take up the 2015 obamacare repeal vote, senate we've not only done our bill, but this bill again, what are you doing? >> they tell me they don't think ryan will bring it up. >> i think there will be a fight within the conference next couple days. neil: i think there is another thing going on. revealed itself in this back and forth on health care. the numbers, certainly republican senators are against giving tax breaks to the rich. they proved that in health care. keep that intact for health care rework. i suspect they will be of same mind-set whatever tax package we get. that will be anathema as she
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pointed out to the conservative caucus. >> but there seems to be a bit more opposition to this health care thing because of the image of people losing coverage. i think tax reform, although it will be just as messy and ugly any bill passing both house of congress will -- . neil: you think it will be messier? >> people opposing and people trashing them. obamacare took a year to pass. we saw series of hiccups. there was a series of hiccups to the house vote on obamacare, this year, repeal, when media predictions it would fail. neil: you don't think we'll have tax thing done this year? >> no. neil: you don't? >> absolutely not. right now if you look at it, they're trying to come together, doing better job than health care rollout. i give the trump administration credit on that, there is a lot left to this, trying to get a budget passed. neil: charlie, what do you think? >> if joe was a house member, congressman, republican congressman from staten island would you vote for ending
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deduction for state and local taxes? >> it is tough. this is one of the unique states where it is different situation. that is why my republican congressman is against it. on bigger picture. >> there you go. there you go. neil: that is what we're dealing with. sorry we can't solve the world's problems. more after this. potsch: you each drive a ford pickup, right? (in unison) russ, leland, gary: yes. gary: i have a ford f-150. michael: i've always been a ford guy. potsch: then i have a real treat for you today. michael: awesome. potsch: i'm going to show you a next generation pickup. michael: let's do this. potsch: this new truck now has a cornerstep built right into the bumper. gary: super cool. potsch: the bed is made of high-strength steel, which is less susceptible to punctures than aluminum. jim: aluminum is great for a lot of things, but maybe not the bed of a truck. potsch: and best of all, this new truck is actually- gary: (all laughing) oh my... potsch: the current chevy silverado. gary: i'm speechless. gary: this puts my ford truck to shame. james: i'll tell you, i might be a chevy guy now. (laughing)
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neil: all right. we're having a pretty nice day, all these political manifestations notwithstanding. maybe because of them, maybe guys betting with real money betting they will get some of the things they want. or maybe they love the good earnings news, tech on fire. to a market watcher if earnings end up saving the day for donald trump an everybody else. what do you make of what is going on here, larry? yesterday was good example. i expect after failure of republicans to agree on health care rework in senate that futures would tumble soon afterwards.
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i wouldn't think it would last very long but it didn't last at all. what is the market telling us about all the stuff going on in washington? >> i think the market is looking the or the way. the markets had enough time to digest it, be realistic about it, understand, a lot of this stuff won't get passed. it is more fodder than anything else. what the market is is looking at right now, we're in the midst of the first global synchronized recovery we've seen in 10 years. when you think about the second quarter earnings season or global pmis or industrial production numbers that will provide a retail wind. whether something passes or doesn't pass right now the market is looking past it realizing that earnings are pretty good. neil: i know this might not be your forte although you're president good at big macro developments, we're learning president is telling senators gathering at white house, that we have no choice, we have to repeal and replace, repeal but
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better to replace. we are back at something i thought we walked away from, or at least republicans walked away from, going back to the well another time to try to get it right. what do you make of that? >> it shocked me because i think boeing back to the well a second time, this shows that things aren't working, the system is not working or at least not working well and i thought the market wouldn't like that but again it underscores my wee leave i think the market is looking the other way. this is lot of fodder and nothing will get accomplished. when it comes to cutting taxes it will be months before they get to something like that. neil: what if we don't do anything like that? smart people point to earnings better than expected. three out of four companies reporting better numbers, better revenue numbers i know the wind at market's back here? >> yeah. neil: if that doesn't happen, forget about happening in 2017, or forget it doesn't happen at
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all, i don't want to be jaded but what happens after that. >> i think we'll be consolidating no matter what passes or doesn't pass. whether it be repeal or replace. or corporate tax rates going to 28%. i think it is data driven. expectations and earnings per share growth i think so high by instinct the market should consolidate. look at ppis most recently around the world with inflation rolling over just a little bit. i think the wild card is probably just activity. look at china numbers. they were very good but there is always a pay back for stimulus. just a matter of time, data flow in the u.s. has been mixed at best. so we'll see what happens. i think really we're just making an issue over something that maybe nine months ago the market would have cared. but market is tired of the tweets. tired of repeal and replace. tired of washington, just looking at data. neil: the data for them has been very, very friendly whatever the politics. >> yeah. neil: larry, great seeing you.
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thank you. >> thank you. neil: one thing we learned from the media its obsession with things sometimes over which maybe it shouldn't obsess. things like this on health care legislation, whether that has any muster. the president we're told is telling republicans gathered there today they shouldn't leave downtown without moving and approving health care legislation that. is exact opposite what he said yesterday, he said ah the hell with it. apparently not. more after this.
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neil: to me this is turning into a bad abbott and costello movie. the president zooms to reversed himself. i'm not talking about the student g20 summit and talking with vladmir putin. to me much ado about nothing. this clear about face doing on health care thing, today saying senators have no choice, telling guys gathered there today, they have to repeal and replace. they should not leave town without approving health care legislation. back to my abbott and costello analogy, this comes a day after he said this. >> let obamacare fail. we're not going to own it. i'm not going to own it. i can tell you the republicans are not going to own it. we'll let obamacare fail. then the democrats will come to us, they will say how do we fix
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it, how do we fix it? or how do we come up with a new plan? neil: let it fail. don't let it fail. that is the best i can do. to presidential historian, game of thorns author, doug wead. i don't get it. those are two die diametrically opposed strategies. today he is telling republicans essentially what i said yesterday, refocus, double your efforts to get something done on this front. what happened? >> yeah, he might land on his feet with this thing. neil: he might, you're right. >> remember, he got elected because we were tired of politics as usual, and he was a pox on both their houses, the republicans and democrats. so if he looks to the voters like, hey i'm trying, they're not doing it, it is just possible he will come out of this with people who elected him saying come on you democrats and you republicans, help this guy. neil: that is, you know, you're
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always a smart guy, always get an interesting read from you, that this might be a pivot on his own part to sort of say i'm not going down with this ship. if they're screwing up or not getting stuff done i won't take the blame for it i think is what you're saying. >> that's right. the donald trump presidency will be measured and he will be reelected or not, based on direction, not how fast he is going, all things done. two cars leaving new york city, one for chicago, one going west at 10 miles an hour and one going south at 100 miles an hour. the news media is totally occupied with process. it is direction. the cargoing 10 mile-an-hour while be closer to chicago. the american people elected him to pick the right supreme court justice. george herbert walker bush, polished, some would say
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professional, but he picked date souter and trump picked neil gorsuch. in the end they will give him some time. neil: let me get your thought on other controversy that is out there or appearance of one, this time the president, g20 summit, very public for rim, got up and sat down with vladmir putin. talked anywhere from a few minutes to an hour. i don't know what the truth is. a lot of people are aghast at that. doug, this is essentially room full of politicians who got elected leaders of their country and their spouses, each country bringing a cameraman to boot, so it is well-televised. why is this a big deal now? >> well, partly it's a big deal because we were naughty and we elected donald trump president, and media will never forgive us. neil: is it so unusual this happens? you're an historian. there were meetings of leaders with presidents before with soviet or russian officials.
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we knew of a one-hour meeting john kennedy had with nikita chews chef that was more like three hours -- khrushchev. why is this so big? because of the baggage with the whole russian interference thing? >> because they don't like trump. reagan when he had his private sessions media went berserk in reykjavik. hey, you mean he was alone, you left him alone with the soviet premiere? they couldn't believe it was so brazen. neil: no interpreter. >> able to talk by himself. so that is par for the course. we don't trust our presidents. neil: there you go again, doug wead. we'll have more after this. today, we're out here with some big news about type 2 diabetes.
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neil: all right coming we are getting different types and the president of the united states did something he said yesterday at the time they were going to move on or the president advised him to move on to other things like tax cuts to let obamacare implode in its own way saying today it is crucial the senator should not leave town until the health health care bill is on my desk. he's meeting with 51. all but john mccain in arizona recuperating from surgery. the message seems to be this president thought better of it and wants to come up with something. even not repealing obamacare, it seems to be about in the senate.
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that could change. we will see what happens. we know that happened. what do we see happen now. the republican congressman capri cafaro, sarah westwood, we got the two-minute warning from a spray that will be coming from the white house gathering. sarah, what now? what you read into this? >> look, i don't know that it's such a contradiction saying he once helped her to fail, that he wants cleaner po because both approaches ultimately yield the same thing, which is obamacare is no longer in place, whether it collapses on its own chemistry qa by republicans and not for us as democrats to come to the table and work with republicans on replacement that is clear senate republicans don't have the vote to pass the replacement plan on their own. this is the same thing that happened and then house after
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the initial failure of the obamacare reform bill. then president trump said we should move on and paul ryan came back with what was then a surprise that your economy getting a bill passed the house. the same sort of pattern we see now that the first part of the bill is apparently dead. >> if that is the case as a former ohio state senate democrat to do come you have to wonder whether the president should have been invited every senator, democrats included to cobble together something because the 51 people in that room, presumably all 51 but john mccain the republican didn't come together. >> i totally agree with you. listen, yesterday senator chuck schumer, leader of the democrats in the senate here in washington said we are ready. we would like to take this opportunity to work together and find a way to fix it and admitted that obamacare is not perfect. chuck schumer is now leaving the door open. i've been banging this drum for a long time to democrats and
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republicans need to come together. let's forget about campaign promises. washington is fixated thing we did what we said we were going to do. obviously folks out there like shelley moore capito, lisa murkowski of alaska, lisa collins of maine, women republicans out there. rob portman, jeff flake thing we don't want to have a straight repeal because that is also highly irresponsible. we cannot get rid of this far without something to replace it. democrats and republicans alike have a responsibility to make the law work and do their job. neil: i will be holding my breath. i want some jaded. the president is sending your way so opposed to what he said yesterday. is it that he's been told you need to get this done before you can move on tax cuts? is there something i'm missing? you work there. help me out. >> yeah, i only spent one term
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up there. maybe a good thing. principally, what are we trying to do with health care reform in united states of america? we understand the affordable carrot, obamacare with the massive increase in taxes with an expansion of medicaid. so we have to start from there. let's look at those people we expanded medicaid. whether the true policy solutions we could do for them so they can have good quality access of affordable health care. no one has really laid that out. we don't need 20 new taxes to improve our health. neil: that's the thing. nothing has changed. the question becomes what now appear to republicans it would be an easier break from this because even the repeal effort didn't look like it was going anywhere right now. so what if they do? they go to the taxing because i'd open up decisions as well. who's open to attacks on welfare, et cetera. it going?
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>> clearly i think the fact that the white house as senate majority leader mitch mcconnell to delay the clean repeal vote suggests republicans including the white house still believe it had the chance to bertie c. conservative groups come out saying they will find primary challengers. >> especially now some of these added names coming out, it doesn't. >> the bigger number the guests come in the less likely it is. if it's just three or four senators, there'll be so much pressure brought to bear on those numbers as a republican who stood in the way of repealing obamacare that it's hard not to see a full-court press may be yielding some movement coming getting the number down a little bit. it is not out of the realm of possibility otherwise they would not postpone it. they would've gone ahead, held their nose and conducted the bow. >> they can't seem to agree. is it your sense that democrats
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can overplay their hand on s. and r.? >> yeah, democrats need to be careful. i really think as i said before that we need to not just have a floor seat, but work and do a lot on the back in the staff to get some compromise going and not just be full of talk. i would also suggest the democrats look to the states. we do have some strong hope. neil: it could be done. the president for moments ago with the senators. >> is so important. we are in this room today to deliver on our promise to the american people to repeal obamacare and ensure that they have the health care that they need. we have no choice. we have to repeal and replace obamacare. we can repeal it, but the best is repeal and replace and let's get going. i intend to keep my promise and
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i know you will, to. since 2013, obamacare premiums have skyrocketed. in alaska that one up over 200% recently. we know that. in arizona they been up 118%. and mistakes are good compared to some of the numbers coming out. despite the promise that premiums would decrease by $2500 on average, they've actually increased by almost $3000 even much more than that in some cases. it is crushing the middle class and the families of the middle-class. it it is frankly crushing our country. obamacare was a big lie. you can keep your dog or, lie. you can keep your plan, lie. it was a lie directly from the president. you can keep your doctor, you can keep your plan. 28 times he said it. 28 times and was alive and he
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knew it was a nowadays hurting this country irreparably. premiums are so high that 6.5 million americans chose to pay a fine to the irs instead of buying insurance, and the famous mandate. we will pay not to take the insurance. people don't understand not. they don't even understand what it is or what it represents. if obamacare is not repealed in 2018, over 1300 counties in the united states will have only one insurer. 40 counties will have absolutely no coverage in the exchange and that number will grow rapidly and i think those numbers are extremely conservative. i think they are very low. i've been here just six months. i'm ready to act. i am sitting in my office. i have pen in hand.
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you never had that before. for seven years, you have an easy route. repeal, replacement is never going to sign it. but i'm finding it. so it's a little bit different. but i'm ready to act for seven years to promise the american people that you would repeal obamacare. people are hurting inaction is not an option. frankly, i don't think we should leave town unless we have a health insurance plan, unless we can give our people great health care. because we are close. we are very close. the other night i was surprised when i heard a couple of my friends, and they really were and are. they might not be very much longer. [laughter] i think, i have to get them back. you didn't go out there. this was the one we were worried about. you weren't there. but you're going to be.
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he wants to remain a senator, doesn't he? i think the people of your state, which i know very well, they're going to appreciate which you hopefully do. any senator who votes against starting debate is really telling america that you are fine with obamacare. that being fine with obamacare isn't an option for another reason because it's done, it's failed. it's not going to be around. we pay hundreds of millions of dollars a month and subsidy that the courts don't even want us to pay. and when those payments stopped, it stops immediately. it doesn't take two years, three years, one year. it stops immediately. on the other hand, and i have to say this. a yes. a yes vote will. a guest vocal by senators senators debate the future of health care and suggest different ways to improve the bill. we will do that today. that's what we're going to do at lunch. we are so close. the way i looked at it, we have no democrat help.
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they're obstructionist. that's all they are good at his obstruction. they have no ideas. they've gone so far last bit of looking for single payer. that is what they want. single payer will bankrupt our country because it is more than we take in for just health care. single payer is never going to work, but that's what they'd like to do. they have no idea what the consequence will be and will be horrible, horrible health care when you wait in line for weeks to even see a doctor. we will expand tax-free health savings, the dh says to increase health care coverage, giving washington out of the way in getting more control and funding back to the states, stabilizing the exchanges so that those preexisting conditions are protected. you listen to schumer and before he even knew what the plan said, he didn't see it. most of the people in this room never saw it.
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he was saying everyone is going to die. death, death. that's the only thing you're good. this is a great plan. this isn't just a good plan. this is far better than obamacare and more generous than obamacare. saving medicaid, which is on an unsustainable path and my state spend those dollars freely. the states will be able to spend the dollars. as a smaller entity, the states will be a lot to take better care of a person with a bad back, with a bad prognosis. i would like the federal government to focus on the middle east. to focus on things where we have very big problems. the states can do a better job than the federal government when it comes to health care. and that is what we are letting you do. we are committing $45 billion to
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help combat the opioid epidemic. in some states in particular like that. so my message today is really simple. we have to stay here. we shouldn't leave town and we should hammer this out and get it done. not just a repeal. it was early on along with a few of the other folks at the table. the repeal was fine. but we ought to get more. the people of this country need more than a repeal. they need a repeal and replace. we were very, very close and then little things happen, but now we are very close again. now, with john corning, the other night we had a couple of things to put down on paper. i'm just going to read them really fast. the democrats are always selling their plan, but they don't do that anymore. they don't talk about obamacare
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because they can't because it's failed. they are selling their plan and we never sell our plan. if we are weak on anything, it's letting people know how good it was. we wrote down these few things. repeal of the individual mandate. how big is that? people are paying not to have insurance. nobody ever talks about that. repeal of job killing employer mandate. how big is that? will substantially lower premiums. remember this. cross-country lines, cross state lines, where you have -- where it is almost impossible for insurance companies to compete in different states. we can't because unfortunately the 60 votes are going to come very soon. we are putting it in a popular bill and novel, and your premiums will be down 60% and
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70%. people don't know that. nobody hears it. nobody talks about it. your premiums are going to. we will have state lines knocked down and you'll have insurance companies bidding. you will forms of insurance you don't even know about right now because that is the way it works. there's going to be tremendous competition. so, your premiums will be substantially lower. repeals burdensome taxes would restore choices for expanded coverage in the opposition. you'll have a tremendously expanded coverage and options. we will stabilize insurance markets. the markets right now are gone. they are amassed in depending upon what happens here, depending what happens over the next couple weeks, the insurance companies are all fleeing. we will protect preexisting coverage. they say you're going to have
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better than they have in our plan. we will allow the use of pretax dollars to pay premium. we will expand the hsa, devote substantial resources to fight opioid and other substance abuse. we will provide better coverage for low-income americans. by the way, low-income americans under our plan and we are doing things at this meeting, which i think you'll be very happy about because we are going to spend some more money to make sure everybody is protected. we will provide better coverage for low-income americans, improve -- but medicaid on a sustainable path. levels the playing field for states when it comes to federal dollars. the firm's major entitlements at the $20 trillion debt that we have and we will redirect
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authority from washington d.c. to this day which i've already said can innovate and develop the best practices and on a smaller basis that will be able to take care of people better. we can repeal, but we should repeal and replace and we shouldn't leave town until this is complete, until this bill is on my desk and until we all go back to the oval office. i will sign it and celebrate to the american people. thank you. [applause] thank you very much. neil: okay, caught off guard there.
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this is less than 24 hours after saying all they after saying now they come in the heck with it. we are not going anywhere on this whole health care thing. they be given the coverage he got for those remarks with an honest opinion but as it stands now, obamacare is not going to hold and just let it go. but he is changing and that the senators remain in session until they can come up with the health care alternative plan and repeal the thing. even the votes of repealing aren't there. at least three republican senators have said they couldn't vote for repeal this go around. so that isn't a slamdunk. the president is always going to urge mr. connell until early next week, obviously some control and some figures here. it doesn't look like it's easily doable, but the president reading the riot act today. some would say too little too late. let's get reaction from house freedom caucus member david speicher.
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congressman, this does represent from the president yesterday. what happened? >> look, as you learn in your time here in washington, if the sun rises, there is resurrection the next day. neil: that's very good hair day like that. >> you've also got to give the president some credit here. he did a quality job looking through the mechanical fax of our legislation, the senate legislation because the left has thrown so much crazy propaganda that it's actually sort of painted the discussion. the health care bill we are working on, the aca obamacare replacement is about folks who purchase in the individual market from my state of arizona it's only 4% of my population and i am a state that is sort of devastated with what's going on.
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you have only a single choice of providers in arizona and they had a huge cost increase and a couple ensures that have broken up the theater actually hemorrhaging cash. the reality of it is they have to do a fit and the other half is medicaid expansion. and if you give the governor's option malady, through the clinics, three good example should a poor person be allowed to talk to their doctor? we can do some really creative things, but we can't do them under the current obamacare model because it is bleeding cash and actually doing so much violence to our budget. >> congressman connie reticulated this very well. the president articulated obamacare in what's going on and what republicans are to do. my only thought running through my head, the president was
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speaking by when she doing this in the last couple weeks every single day. i know it's got other things to do, but this is for you and the party of the president as well. the criticism we hear from your colleagues is that they could've used them to close the deal that he was only indeed welcome the president better late than never. >> we have a president who's not from the political class and not understanding that the motivation of most elected officials is this day and elected official. much of the opposition to the health care bill has been about the money. >> we're looking at the arrangement and obviously on his
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last in the nevada senator who was earlier threatened with a primary challenge that the president later said stop it, this is ridiculous. that is not by accident. they are facing enormous pressure on ms. to tip in favor of anything the president doesn't want done. what do you think? >> i am hoping the underlying facts, the guaranteed issue with your preexisting either preexisting was never in place. we were always going to cover our society with preexisting conditions and we had guaranteed service. neil: i know what you're saying. the way it was portrayed. republicans and those with preexisting conditions would pay a lot more. >> at, where i was going as what the president because of the big
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microphone can do is sort of push back to the professional propaganda that's been driven out the last few months, making up crazy stories of what was in our replacement legislation and make it very clear. something that is sustainable. we have a crisis because prices keep moving up. the 50% of our society uses only 3% of health care dollars in those individual markets are basically saying the with it. it is cheaper to actually go without insurance didn't pay these crazy deductibles and premiums come as you end up in a toxicity cycle where the population that is insured is less helping themselves in the price goes up. neil: the producers are going to kill me, but i did want to get continuing to do this, even if it means delayed getting to the
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tax headache. >> we can do two things at once. those of us in the house have pastor replacement bill in the senate. i am on ways and means. neil: you guys are saying they are so slow and deliberate. >> look, the system was designed that there is always friction between the two bodies because we approach things differently. those are some ways and means we are going to grind out a big, bold tax reform. >> this sounds like it's first. >> you can do both. in some ways, my fear is the shiny objects distracts the media and you don't really see the amount of work that's actually going on in the house. neil: i know you've been working your fanning out. always good seeing you. i thought there was brilliant. thank you very much. in the meantime, doc or jeanette nashua who has met with some of
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these lawmakers on the hill, on health care and what she'd like to see. obviously the president changed his mind from yesterday and has held that right now i'm making sure republicans are hell-bent on not leaving town until they get an obamacare alternative out. what did you make of that? >> to me, that shows how committed are president and vice president is too including health care for americans, for medications. i can't tell you how many times -- how often i hear my patients complaining about how high their deductibles are. they are struggling. they're struggling to pay the deductibles that are so high. they are struggling to pay high premiums and co-pays. they can barely afford to pick up medications. i can't tell you how often imprinting of coupons from the internet for patients to pick up their prescriptions are on the phone with the pharmacists to get discounts for medications for my patients who can afford it. these are life-changing medicines. they can inhibit for someone that suffers from asthma and needs that in case they are
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short of breath or wheezing. i can tell you the financial hardship industry and in burden on my patients is imminent, to the point where patients are delaying seeking medical care. usually the outcome is worse. last weekend i had a patient with a little bit of chest pain. she thought it was heartburn. she thought it would go away. she delayed seeking medical care. the time she got into her doctor to set her free cardiac stress test, she ended up not going because she couldn't afford the high deductible and she ended up in the emergency room. it cost 10 times more to go through the hospital and emergency room than having the patient tested. trained to do the stress test. find a way to do that. the one thing i did want to get from you is whatever trouble people were having with the affordable care act coming to your point the one thing that's not affordable, and what republicans are coming up with was worse. fewer people would have coverage. the president is trying to refigure that it essentially
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reminding republicans we are not marketing our plane as well. is he right about that? is it poorly marketed? >> to a certain degree. all you want to do is take great care of my patients that i want to do that efficiently and thoroughly. we had the most innovative, the most amazing health care in the most amazing medicine in the world and is a doctor, myself and my colleagues want to be able to take great care of our patients and it's unfortunate we had the administrative and financial prohibitive constraint that we can't do all we can for our patients. not only patients delay in seeking medical care, but noncompliant with medical care. they lost their doctors. the quality of care and fortunately is diminishing and going down because doctors are burnouts and there's a shortage of doctors here to make matters worse, doctors are taking medicare. neil: it is amazing. thank you for your good work. i think you work with republicans and democrats alike
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here they are all human beings, so much appreciated. >> absolutely. i believe in miracles and hope and that will happen for the good of all hope. neil: good to hear that. you know, the media is still bouncing on this trumpet and conversation. apparently one after they had two hours to chat earlier in the day. but is it worthy of the attention it's getting? the whole world kind of knew about this. all the leaders of the free world where they are. they all witnessed the same thing. how did this just come to light right now? is it really that big a deal? they are all politicians who got to be had to stay. so they are all schmoozers do a lot of schmoozers going on. it's been a good deal of the tape. so the president schmoozing is getting the attention. i'm just saying. let's step back. i had frequent heartburn, but my doctor recommended...
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>> i guess we should not be surprised anymore. we should have expected something like this. still remarkable news. >> because of what donald trump has done the past, reporters, foreign-policy analysts and their allies can safely assume the worst. >> you can't defend this. >> you know, when i first saw the hoopla over that, you know, i'd say let me expose what's going on here. this concerns the meeting the president had for undisclosed or unknown media with vladimir putin gets up from the table for all the world leaders in the respect of others are gathered. this is a schmoozing bunch. they all go schmoozing around. they got the attention because the president of the united to
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schmoozing with all people, vladimir putin. we don't know how long the conversation went on. hard to say. the fact we found out about this days later, you have to wonder, what was that about bush and mark again come in the issue seemed to be that something nefarious is that candidate was a russian interpreter doing now the interpreting and on it went. i'm just saying, is there any after a media research center. rich, i certainly said all about whether he was actively involved enough in the health care to get us to the point now where he seems to be reengaged, fine. but i don't know. i just don't see anything. what about you? >> well, i would say the liberal media that has a culture of suspicion i guess you will about donald trump has reacted in sort
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of a paranoid way about this. this was a massive story on msnbc last night. it was the top story on msnbc and cbs this morning. only got a minute on abc which makes them different from the rest of the pack. they are putting this out in a very suspicious way. it doesn't really make sense. this is an after dinner conversation. one of the criticisms is the president didn't have an interpreter with them. hadn't interpreter but they spoke japanese because they were sitting with the japanese trade minister. neil: each leader is allowed when interpreter. it's not because we don't think giving to the extended family. this is just all the leaders. their key staff members and significant others. they all go around and they are politicians, keep in mind, elected leaders that there was a big countries, but what to make
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of the fixation on donald trump was vladimir putin. i know the back story so i can understand the chance of a day. >> it is getting more attention. russia's story, there's important elements of that, but it then overcovered. this story -- there is no evidence of anything going on except an after dinner conversation, but they want to sort of create this suggestion of another crime happening before their eyes. you know, double russia's story has just taken over the news cycle. over the last 10 days it's got number three times as much coverage on the big three evening network as health care. going back a whole 10 days. neil: and that is fair game if the administration is consistent stories on this and donald trump didn't have meetings. there may have been seven or
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eight on the table. fine. you left yourself open to that, donald trump junior. in this case, why are we believing that we shouldn't talk at all and secondly, isn't it an issue if they don't talk at all? wouldn't that be deemed an issue if they are not talking to each other at that dinner at all? >> it would. i guess i asked what would they be doing if president obama had a one-on-one one was vladimir putin and they would say it is a chance to better relations. it would be seen as a positive thing. and with resident clinton. they simply don't trust donald trump to speak along with anyone. that's their problem. neil: secretly whispering with then president the data is about a lot more flexibility after the election. i didn't get nearly the amount and not with the new he said. >> yeah, we actually went back to check. last night, cnn gave 75 minutes
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of the breaking tori on trump having a conversation with putin with no quote showing any shenanigans. four years ago when the obama the dead of thing came out were you had out were unity quoted him suggesting he was being different with the russians in private than he was in public just 25 minutes. three times more coverage of this innocuous conversation in that audio clip. neil: that's a glaring example. if you're going to go crazy, fine. but go crazy with everyone. always good having you. again, i have no ax to grind in any of this. i'm just pointing out the overwhelming hypocrisy and never went thing we were aghast and we just didn't know how to go on with our lives. stop, this is not that. more after this.
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neil: i love it when i can get charlie gasparino and the
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kennedys together joining in the segment. much ado about nothing when you focus on the dinner the president had when he goes waltzing over and talking to vladimir putin in my opinion. that doesn't mean we shouldn't focus on issues that matter. this particular issue matters. the back-and-forth on health care. i want to compare the president approach on what he said yesterday. take a look. >> obamacare fail. we are not going to own it. i'm not going to own it. the republicans are not going to own it. we will at obamacare fail and democrats will come to us and say how do we fix it? or had we come up with a new plan? >> we have no choice. we have to repeal and replace obamacare. we can repeal it, but the best is repeal and replace and let's get going. neil: this is an issue that matters. these change his mind on this
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issue in the van of less than a day. that is an issue worthy of covering this whole dinner thing to me in a big fixation on it. politicians and leaders at dinner, well. that is a. i've got charlie, kennedy. what do you think? >> i agree with you about the potent trump second secret meeting. even if some are not democratically elected. that's what they do. neil: everyone caught it, right? >> know, putin was sitting next to melania job. this area is going to be -- >> the trump tower -- neil: a lot of people say they always remind people donald trump -- >> neo, i don't hate you. i love you. there's plenty of weirdness and
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some of the other russian realms. this is not one of them. you are the boy who cried trot. >> this is who does bother me. it takes a little more than a day after saying we are done with it. here's what i think happened. it was more inviting than forcing all these people to see health care hardship in a chain is mine. >> i mean, the speech you just gave, weber was. neil: should've done that every day the last couple weeks. >> i thought that was amazing. effective, funny, vintage donald trump, the good donald trump is opposed to the wacky tweeting donald trump. >> to do that under twitter page is much more effective than the other stuff. the distorted to pull a 3-dollar word out of my you know what, conundrum of donald trump. you like that, how?
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>> never heard that one. [laughter] charlie: an outcome i heard they only speak in two syllables on the kennedy show sometimes. train to your point is what? too little too late to do this. >> it's done. stick a fork in it. neil: think it's done? >> health care is done. i think it's his ego. i think that his political instincts failed him here. move on. the very loud minority of people who are forcing them to finish health care before they move on to tax reform. they have to get tax reform done. they spent enough political capital and they will pull the economy into a black hole. neil: do think they can get any? >> at this point, with these mechanisms, the way they are behaving, no. they're acting like politicians. neil: i disagree with that.
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i think there is more. neil: drop this. >> more unanimity among republicans just to give a tax cut on tax reform that there is some other stuff. >> not on tax breaks to the rich. >> here is where it gets interesting. will this be paid for it not? if they can up and say we don't care what the cbo says, it could have been. >> not revenue neutrality. we have to let go. charlie: that is not v. none of those deductions are going to be taken out. neil: i want to thank you. an update from the supreme court has denied to clarify its troubled than willing after the latest hawaiian judge vendor limited the parameters. it also saved the district court pending resolution of the trump's appeal to the ninth circuit. i have no idea what that means outside of this.
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we don't have time for this. they are already hitting us with a lot. we can't do with all of this at the same time. the supreme court saying just leave us alone. a little more after this.
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neil: we had them pretty good
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news today the 3.4% of the mortgage application and six by 3%. you can see right now this is an interesting study that reveals that real estate remains the top long-term investment. that is u.s. real estate. more to the point as well. chief financial analyst greg, where are they buying great? what particularly get them? >> well, what we are seeing is a lot of first-time homebuyers are looking at the town hall with a starter home or looking to move from the townhome or starter home into the single-family place out in the suburbs or they have a little more elbow room with the neighbors. a lot of people viewing.as the best place to put their money over periods of 10 years that we found this is americans preferred long-term investment. cash remains a close second for a long time rising.
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that part a little bit disturbing. neil: when you look at that, what does it say about the future of real estate? recently good housing related numbers that follow on the heels of what is then a study combat from the meltdown almost a decade ago. you still see that remaining in place? >> well, housing first and foremost is the place to live. from a rate of return can point, if you are looking for a safe bet over the next two to three years, pitcher money in the bank. transaction costs include the buying and selling it is difficult to come out ahead. is on the other hand this is a place you are buying can you tend to be there seven years contenders, 15 years you put the odds in your favor from an investment point. even then, rate of return bases stocks still likely to outperform real estate, particularly residential released to over longer periods of time. you have to be willing to take some risk.
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a lot of individual investors have not warmed up the market despite the bull market. they still view real estate as a safe haven over the long-term. neil: particularly with equity returns on average so strong over the last eight or nine years, that would give them caution as well. >> what we see is people have a warmed up to the stocks at all despite year after year pretty strong returns. over the last several years of surveying people about this, the stock market is up over 50% in may had not changed with the relative basis can turn to real estate or cash for long investment horizons. in the past 12 months from the stock market was up 15% from last year to the time we pulled this year, but yet the percentage of americans pointing to stocks is a preferred investment barely budged. neil: that is interesting. on foreign buyers, the
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$100 million penthouse, you know, price tags that go wanting and waiting and waiting in now at the upper end of the market, that seems to be similar report and high-end markets like palm beach. i'm not stratospheric side, not what it was. what do you make of that? >> the prices have really gotten on the high-end again. a lot of the luxury market. pc demands die out a little bit and it's affected the price roots of the prices going up. we've seen some softening on the hand of the market. neil: still see that continue? >> in the near term. i did see a separate study that shows high net worth investors moving money out of hedge fund that stocks into real estate. maybe those investors are actually looking at them is a little bit differently now. neil: okay, great. thank you very much.
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chief financial analyst. would every think of real estate, no doubt in what's going on the stocks right now. the nasdaq in record territory. facebook at an all-time high. amazon doing it again. that's a familiar story despite a familiar story of nothing getting done in washington. ...is not just something you can see or touch. home...is a feeling. it's the place where you feel safe to have those little moments that mean everything. at adt, we believe that feeling should always be there. whether it's at your house, or your business, we help keep you safe. so you can have those moments that make you feel at home. ♪you are loved
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neil: all right. these are the three senators, republican senators who are not, not, at this white house
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luncheon today. so 49 others are. the president making his pitch different from yesterday, take another crack at this health care thing. don't even leave down until you do. that is the message he has. let's see if it resonates. trish regan back. good to see you, trish. trish: don't leave town until you get it done. no vacations for them. neil: none. trish: president trump stern warning to republican senators better not leave town for august recess unless you get health care done. reminding them that is the party's promise for the last seven years and now is the time to act. i'm trish regan. welcome to the intelligence report. replacing obamacare inaction is not not an option. will this lead congress to do anything? we're asking karl rove and

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