tv Cavuto Coast to Coast FOX Business August 17, 2017 12:00pm-2:00pm EDT
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being taken inside the restaurant, the driver got out, ran into a restaurant, pursuit, taken hostages and that is the situation as we speak. that is where we are and what we leave you with. maria: very fluid situation and we are watching it closely. i am maria bartiromo in for neil cavuto. a van has plowed into a crowd of people in barcelona. police say the driver has fled on foot. this is a developing story. we are waiting on more headlines and confirmation whether this is terrorism but we will keep you posted. let me go right now to john cardello who was on the phone,
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former nypd officer. we are looking at these pictures, this is a chaotic scene. do we know if this is terrorism, was would you be looking at to indicate that is a confirmed element of this, that it is terrorism? >> thanks for inviting me on a sad day. it does appear to be an intentional attack. in law enforcement we want to default to assuming it is terror, we you want to err on the side of safety. the driver fled the scene and now holding hostages inside of a restaurant. terrorists are getting smarter. they know these asymmetrical, low-tech, spontaneous, asymmetrical attacks, to interdict before they happen. maria: what are authorities looking at to track down this perpetrator who got out of the car. >> the van itself, a work van or
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if it is, they will find the individual who last had custody of the van and determine whether or not he or she is the same person who ran into the crowd and holding hostages. if not look for that person to find if they have any affiliation with terror groups a criminal enterprise. maria: they will do a complete deep dive on the van looking for any dna, fingerprints to track down that individual. wh >> well, i think what authorities i'm sure, i'm sure authorities in barcelona are doing right now, that is what they would be doing here or anywhere else in the states or europe, solidifying other potential targets. any streets where large crowds might gather, or heavy pedestrian traffic, you will see increasedç police presence if t already. monuments, churches, synagogues, museums, government buildings,
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will be fortified as well. i wouldn't be surprised if military was brought in to supplement local police. maria: do you expect the terror threat to increase within europe? already we've seen, paris and parts of france under attack? now we're seeing barcelona, this apparently is a very busy tourist spot. what can you tell about the area? >> they will have to raise the alert level. my opinion europe should be on highç alert. a attack like this doesn't require chatter or massive communications between a network or a cell that can be interdicted on intercept or satellite. this is low-tech attack that a person with nefarious leans can execute on a whim. they can coordinate with one or two others.
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they need to be vigilant, around rob and and world need to stay vigilant with these attacks. we'll have to supplement law enforcement presence in the areas of high traffic. maria: is this somethingç the nypd is looking at in new york, in terms of these low-tech attacks where you will just get in a car, plow into people or just go to a crowded area? is this a new way of the terrorists attack and what is new york doing about it? >> this is not a new way. they have been doing this around the world. i think new york is very fortunate, that the nypd has robust, counterintelligence terrorist infrastructure, it is world class, only second to the cia and fbi. the nypd takes these threats veryç seriously, low-tech asymmetrical attack. they put them next to all others. they understand they're deadlier
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and far easier to pull off. maria: perhaps this is also unnerving investors. this market has been rattled all day because of expectations or speculation in washington. now this, another terrorist attack potentially. john, stay with us. we want to get your take on this. we want to bring in our panel. bree peyton is with us and deneen borelli and radio show host ben kissell is with us. thank you very much. deneen, yourç thoughts taking place in barcelona right now? >> this is obviously shocking and disturbing. it does fit a pattern we've seen as you pointed out. in nice, this seems to be similar to what happened over there. obviously we don't know anything right now. we need to be careful when we talk about it. but it is fair to point out there is sharp increase and rise in extremism. that attraction or pull has been borne out of our unwillingness
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or you know, embarassment of values that western civilization is built on, right? when we don't embrace values that make us who we are as (ople, when we forget philosophers and thinkers that come before us and established this great civilization and all the ideals and freedoms we do that, i think these kinds of extremism become attractive. maria: yeah. look we want to report here that the police are saying this is a terrorist attack. sky news is reporting this is in fact terrorism. let me turn to you, ben, see where you are on this, given the fact that one of the issues with europe is open borders. we don't know how the terrorists get into countries. but it is probably because there is not at lot of immigrationç upsets, i mean barriers is it? >> they have a lot of unique situations in europe and talk about western culture and things
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like that, these events happening here. look what happened in charlottesville over weekend, similar situation, a man drove into a crowd of people killing heather heyer. we had a situation not terror-related, a person felt suicidal decided to drive his car into times square, murdering one women and injuring 22. we need a change of heart globally and get back to community building because these rogue elements are damaging our psyche as a whole. maria: we need to come together as country. how do you stand up to terrorism, deneen, when you're fighting amongst yourselves. >> sad what is happening with all the infighting going around the country. just waiting for the show to start, maria, my heart zane to watch images. to hear the news come out this is another terrorist attack, potential at time, now it is confirmed, these are sad times in our country. i've been saying last several days we need to pray for people to come together.
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i tell you these forces of evil taking over are really outrage just. >> yeah. >> people need to be vigilant now. they need to beç on guard. i'm sure here in new york city there will be police presence more than usual after this incident. my thoughts and prayers for those injured. >> seems like we have a culture now with the internet, really hardening of political positions whether they be religious or whatever, and really just seems like we need to people burst out of the bubble, reach across the aisle to talk to one another. so we don't have people allowing themselves to go down the route of extremism. maria: there is so much hate out there. you can't say anything or do anything without being labeled a name. just, everybody is all over each other. br1ñ how can leadership, let's call it the president, how can the president bring the country together? or are there other forces that can bring the country together? what is most important?
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>> i think there is element of facelessness to the crimes we have an seeing right? people are forgetting we're people, and looking at them as things and tools and props in order to smash and push their agenda and push their extremist views, right? so i think that we are right we do need to come together. we do need to see one another as people. and i think, really strong way of doing that is foreeveryone to go back to church, right? i think we need to go to church and pray and i think we need toç pray for healing for this country, because i think at this point, we need some divine help. maria: john, are you with us? >> still here, maria. maria: what would you recommend in terms of law enforcement? you're former nypd, how about new york, in terms of stepping it up, making sure people feel calm and protected in an environment where there are some unknowns? >> i think the nypd is really the gold standard around the world in terms how they deploy
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resources. you've seen the emergency services unit, essentially nypd s.w.a.t. team and hercules counter terror team. they're heavily-armed. they have k-9ç elements. they have a bomb squad. nypd has roving detection units that can detect chemical, biological, nuclear devices. we have a sophisticated aviation unit. if the world follows nypd, we have so much experience as a result of 9/11, fairness to agencies around the world but they do, if they follow our lead, the presence creates a sense of public calm. again i never want to lull anyone into false sense of security. there is no panacea for these type of low-tech attacks. best we can do to put the presence out there. if you see something, say something. don't worry about political correctness. maria: yeah. >> if you see it,ç say it. the pus nightclub shooting happened because neighbors were afraid of being vilified and called islamophobic. american public is the best
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front line of defense for intelligence for law enforcement. maria: we have a lot of crises happening, deneen. we're watching a terrorist attack. we know several people are injured. but back in the u.s. you have a breakdown in terms of the president's business council, ceo's walking away from him, correct? you've been supportive of president trump and his policies. maria: how do you see the latest breakdown? >> ceo's, left the business council, they exposed themselves as beingç progressive democrat. they were more concerned about big government in the way to help their businesses, like ge, for example, they have taken tens of millions of dollars of our tax money. tesla has taken untold numbers of money as well, tax dollars. there is also general electric and merck. merck lobbied for obamacare, and obamacare included no drug price negotiation with medicare. it included no drug imports. so higher prices. no competition. maria: yeah. but do you think this will
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disrupt the agenda? moment ago you said yes, i've been a supporter of the president's policies. >> sure. maria: do you think tax reform still happens or this -- >> i hope itç does happen. the other question with the business leaders, listens they have to keep in mind, they will be alienating their consumer base should they continue to push back on president trump and his policies. maria: that is true. just when he needed them they walked away. ben. >> i think this is win for ceos. i think it's a sad time ceo's have more after moral compass than president of the united states. maria: i don't know they have more of a moral compass. give me a break. >> this is appropriate blow back to his response on tuesday's press conference. he chose to align himself to neo-nazis. maria: he didn't do that. >> he didn't do that. maria: that is not true. >> are you really going to sit there and say that? >> i listened to the press conference. i saw the press there is a reason steve bannon was extremely happened. there is reason steve -- press conference on tuesday. >> so you were doing good up until now? >> "breitbart" is the platform
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for alt-right. the alt-right is racist institution. >> all evil, all racism, denounced it all. you're part of the problem. he deannounced it all from day one. he did. you can -- maria: he did denounce it. >> after the ceos -- maria: he did not say that there was, there was trouble on the other side? the truth is, let's hobbest, there was trouble on other side. they came with clubs. had he said that no one is not denouncing whiteç nationalists and neo-nazis. >> should be pretty simple group of people to denounce. maria: yeah. >> ceos didn't think he did adequate job. they cut their losses this is all he campaigned on jobs. if he doesn't have the economic ceo's, the ceos around him supporting him, it will hurt him. maria: we are going to leave it there. we want to, you don't want tax reform to happen, right? >> i would like tax reform absolutely. i would like a functioning government? yeah. maria: all right. more on breaking news in barcelona as new developments pour in.
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thankthank you, deneen, bree, b. thank you for insights. watching breaking news in barcelona. a terrorist attack occurred. aç person drove a car, plowed a car into crowd of people. several people are injured. we're on this, happening now and developments are happening fast. stay with us. back in a moment. ♪ it's a highly contagious disease that can be really serious... especially for my precious new grandchild. it's whooping cough. every family member, including those around new babies, should talk to their doctor or pharmacist about getting vaccinated. potsc(in unison) drive russ, leland, gary: yes. gary: i have a ford f-150.
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maria: welcome back. we want to bring you this.ç spanish media are reporting two armed men entrenched then settle in barcelona bar. not clear if the men were drivers of the van. we know a van plowed its way into a crowd of people in barcelona. several people are injured right now. now we find out two armed men are holed up in a bar. let's, be joined right now by former secretary of state, secretary of state rather -- kris kobach is here right now. mr. secretary, good to have you on the program. thanks very much for joining us. >> great to be with you. maria: we are looking at a situation really unfolding in barcelona right now and i want to get your take in terms of what we should be understanding about what law enforcement is doing to indicate who the perpetrator is. >> well, i don't have a, any inside information on developments for law enforcement in spain. i will say this, if it turns out
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this is terrorist attack, and attack where the main mechanism, the main weapon is a motor vehicle, boy, this is really troublesome. we've already seen terrorist attacks in the united states. indeed the charlottesville incident was motor vehicle. the ohio state terrorist attack was a motor vehicle. this, the problem here is, that motor vehicles are ubiquitous. youç don't normally assume that every car on the street is the weapon of a terrorist. and so, you know, if this continues to be become weapon of choice for terrorists around the world, not like you can be suspicious of every vehicle you can see and notice it before the attack even occurs. it is troubling as we watch unfolding in spain. maria: mr. secretary we invited you on this program today to talk about sanctuary cities and one of the issues we're having in terms of sanctuary cities is the fact these cities are blowing off the law. i want to get your take in terms of immigration, in terms of these open borders.
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here we are look at another terrorist attack in bars loan in. europe has wide open borders. that is oneç of the issues, one of the reasons behind all of the terrorism that we continue to see in europe. here we are having to convince local cities in america to just follow the law as it relates to sanctuary cities. what is your take? >> you make a great point. look, the first line of defense in stopping illegal immigration and terrorists who come into the united states, to perpetrate their attacks, like the 19 hijackers, they came in legally, but five of the 19 became illegal aliens. the first line of the defense is the border. you have to have an immigration system where you can screen people. you can impose heightened standards of vetting. once they get into the united states, then the risrtátj way up, right? because then they can use a vehicle. they, anybody can rent a car. so, immigration laws are so important in the war against terrorism. we saw this in 9/11 we've been seeing it every year since. so you bring up point of
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sanctuary cities, just flouting immigration laws, thumbing their nose at federal government. thumbing their nose with all the rest of us in america, they ending danger us too. great attorney general sessions says you get no federal money if you break federal law. i don't know if you know, in 1996, congress passed a law banning sanctuary cities.ç congress assumed they would follow federal law. but then you have all these cities, san francisco being the worst, all the cities saying we don't care about federal law. we found something they do care about, getting federal dollars. you deny federal dollars, sanctuary cities will come around following law. good for all of us, protects us against terrorism and other problems and crimes associated with illegal immigration. maria: you make a good point but right now we're watching california sue the federal government saying look, you're not keeping our money, the federal money that is owed to us, because we're blowing off the law. it is already set.
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it is not constitutional. how do you think that plays out? what is happeningç right now, where you you have counties suing the federal government in california? >> i think the, the state of california loses that lawsuit in the end. bear in mind we're talking about the ninth circuit here. if the case goes up on appeal, a liberal circuit. this case may go all the way to the supreme court. no question in my mind be, that the federal government prevails. california does not have a long legal foundation to stand on. they are breaking federal law. can't on one hand breaking law, saying department of justice has no right to insist we follow the law if we get the huge pile of federal money. it will be a up hill climb for state of california tryingç to preserve sanctuary policies. maria: before you go, what is most important to zero in on barcelona as we try to get facts here? all we know is that a van plowed its way into crowd of people. several people are on the ground injured right now.
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apparently spanish media reporting that two armed men are holed up in a bar and there are hostages? >> yeah. i mean, you know events are unfolding so quickly, may be more important things we need to learn. one thing i want to know after the bat, how did this perpetrator we know of, apparently coming from northwest africa. you who did he come in? when did heç come into the country of spain? what was the terrorist mo? did they plot the attack for multiple months? what organizations was he associated with? i'm sure all questions are being asked and answered by u.s. intelligence and hopefully by spanish intelligence as well. maria: we'll leave it there. thank you for joining us, mr. secretary. kansas secretary of state kris kobach joins us. more on this what the market is focused on. we have a selloff underway. dow jones industrial average is down 140 points right now. that is off of the lows. we'll tell you the buzz on ha wall street. back in a moment.elleeant
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maria: welcome back. this market is near session lows on news of a likely terror attack in barcelona but also conflicting reports of gary cohn's potential departure from the white house. charlie gasparino is here, deirdre bolton is here and gerri willis is here. charlie, you have breaking news right now. >> yes. this relates indirectly to gary cohn. i think markets are off on possibility cohn would leave. a guy wall street likes. maria: white house says not happening. >> here is why it's a chance it will happen. this is what i'm hearing from inside of the white house, that steve bannon is telling associates, steve bannon senior advisor to president trump, i'm okay for now. he will likely survive the current white house turmoil. still, his long-term prospects are still unclear. trump has been known to change his mind on staff decisions. just for the inside baseball and
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it relates to markets. bannon and cohn are rivals inside of the white house. bannon makes no bones, the interview he did -- >> with the "american prospect." >> how much he despises gary cohn and they're at odds. cohn dislikes bannon and his type of populism. gary cohn supported president obama. this is the thing. looking at this a market event, markets like gary cohn being in there, if you think that steve bannon is going to stay in his job you have to factor in the possibility that gary cohn is going to go. the possibility. maria: big blow to donald trump if gary cohn leaves. that is a big blow. >> for the markets. for the markets. maria: i don't think we will do it. >> why did bannon give the kooky interview he admits it wasn't interview, he called cofounder and editor of somewhat obscure magazine with a chat and not off the record? >> sound like scaramucci.
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>> whether you support or -- maria: he should know better than that. >> that is what i was going to say. >> he didn't go the full monty as anthony did with cursing, literally the full monty. he was idealogically strident. my guess he gave that interview, daring president trump, fire me, try me. go for it. i will roast you in "breitbart" next four years. maria: >> you have a lot of c-suite fellows in the white house. they don't like what the president is saying anymore than the manufacturing council did, anymore than the strategy panel did. maria: it was overreaction for ceos say i'm stepping down. he did denounce neo-naziism. >> two days later. maria: can you imagine telling people i denounced nazis, give me a break. >> not even that. he waited two days to denounce this stuff. maria: no he said it on day one. >> on day one he equated -- be
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clear what happened. >> pence was stronger in colombia. >> before we get in trouble, rewind the videotape. neo-nazi rally around a statue of confederate general. there were counterprotesters there. maria: bearing clubs. >> no. many of whom doing it peacefully. one of the peaceful counterprotesters died at hands after neo-nazi. donald trump came out and equated the two. go for it. i will never defend that. maria: tuesday he came out very clear. >> how about wednesday? >> no, tuesday. >> monday he came out very clear. maria: he said i denounce the kkk. >> monday, monday. that was good. and tuesday he went back to form. the big, listen, hear's the thing, this does have an impact on white house, white house policy because it is distracting. and it is leading people to pressure -- causing gary cohn to think i should leave. maria: i don't think he will leave, gerri.
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>> cohn is the man in charge of tax reform. he will stay until it gets done, if he is not there, what of tangs reform? we get no tax reform. remember pressures we're under as we come into september. not just tax reform, my friend. it is debt ceiling. it is the budget. that stuff has to be done by end of september. it is open question whether these two side can get together and do it. maria: only 12 legislative days left when they get back from recess. >> congress has a role in tax reform obviously. gary cohn is point person along with. maria: steve mnuchin. >> counterargument to gary cohn not going, i don't think he will go, here is what i say. maria: that is my gut. i don't have breaking news. >> what if everybody stays right? you made the point. >> i think it's a good point. here is why. if you go with gary cohn he has nowhere to go. he will knot go back to goldman. >> no one will cry for gary cohn i mean -- >> no, learn, learn something about gary cohn. here is one of the most
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ambitious sobs on the planet. >> he can do something else. >> he can run a crummy little hedge fund. he can run some crummy little hedge fund. >> can do a million things with a million dollars. >> not going to run anything. maria: not only point guy on tax reform, potentially could be chairman of federal reserve, come on! he will not give that up. >> that is the counterargument. he will never give up like possible fed job to run a crappie hedge fund. by the way hedge fund don't maybe no money on tv. maria: are you allowed to say that on tv? >> crummy? the other one i can't -- maria: breaking news again, charlie. we'll follow possible terrorist attack in barcelona. very latest on that breaking news. we understand two armed men are holed up in a spanish bar. we'll have the latest. stay with us.
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right now. police in spain are saying ban attack is likely terrorism. a van plowed into a group of people and several people are injured. spanish media is reporting two armed men are holed up in a spanish bar. we want to get to fox business network's ashley webster. ashley, what can you tell us? >> maria that happened in an area immensely popular with tourists and locals alike. this is near cat at cat at thatn that square. it is full of bars and restaurants. the city council tried to restrict the amount of traffic on the boulevard. as earlier today you say reports after white van mounting the curb, running down dozens of people. we understand, authorities say many people have been injured.
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they are entrenched in there but we're seeing little else. much of the information coming from the spanish media. i caution in these type of situations we have yet to get a lot of confirmation from spanish authorities. we do know that the catalan police are looking for the driver of the van seen running away after he plowed into this crowd. yes it is being called terrorism by spanish media. yet to get that confirmed by spanish police but by all accounts it has hallmarks of similar attacks in nice and two attacks in london, maria. maria: ashley, thank you. we'll get back to you as news develops. we have former fbi joint terrorist task force member, steve rogers. your thoughts what is taking place in barcelona right now? >> there is no doubt in my mind this is indeed a terrorist attack. it has all the marks of attacks in france and england.
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this has modus operandi of isis. that doesn't mean it is isis. but other organizations are using their ways and means to attack. but saying that, maria, right now what is critically important for the police to capture any suspects alive. if there are two in that establishment, they're going to want to get them alive. the one that ran away they want to get alive. once you have someone alive then, it can lead to more and more information. that could possibly lead to you a cell. so that is what is critically important right now. >> van, obviously the person driving the van got out and started running, steve. what can they find from the van? >> no doubt in my mind there are forensics officers there now, dna, fingerprints. there may be evidence in that van that can lead them to another party. look, styles these suspects leave a cell phone, a computer. so if they're going to go over that van, from bumper-to-bumper.
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and they might find critical physical evidence that could lead them to another suspect or more evidence. also, which is important, i'm sure like any other big cities, there are video cameras all over the place. i'm sure that the police there announced getting video cameras, looking at that footage in an attempt to find this driver. maria: often tiles, what we find is, when it is terrorists like isis or al qaeda, there are family members involved, brothers, you know, cousins. what do you think in terms of finding out about who else is involved? you said it is very important to find the cell. how do they do that? >> well, if they in fact find evidence that leads them to name of a suspect, then they will get to execute search warrants to get into that suspect's home. they're going to talk to family members. they're going to talk to close friend. if there was any record of employment. that is how they drill down how they find out if there is anyone else involved.
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and then they will go after those people and then as you said it's, sometimes, we've seen this over and over again, a wife, a girlfriend a father, a mother, have information that's very critical to the law enforcement. so that is how they can find out if there was in fact a cell and indeed through a forensic study of their electronic equipment, cell phone, computers. they will find out if there is any foreign terrorist connection, which is critically important also. maria: what else? we have spanish media reporting two men are armed and they are holed up in a bar somewhere in barcelona. what can you tell us in terms of how authorities are going to get to those two people who are armed. what are the protocals? >> well, first and foremost the authorities want to protect the lives of the people in that bar if in fact that is taking place. the objective of police is to make sure no one else gets killed. i'm sure they have their s.w.a.t. teams out there, their hostage negotiators.
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if in fact we can find some way to negotiate with these terrorists, which would be remarkable, because you know, maria, we've seen where terrorists, they want to go down in death to become martyrs. but sometimes you have a weak link. that is what the police will try to find out. if there is a weak link, they will draw those guys out. then they will begin to launch a real, a real good comprehensive investigation. so that is their objective. saving lives of the people in there is very critical. maria: the chief of staff of the white house, general kelly, apparently we're learning he is aware of the situation, keeping the president abreast of the situation. what would you expect in terms of the president's response here? should the u.s. be saying anything or doing anything while barcelona is under attack? >> oh, i'm sure, knowing how the president responds to these things, i'm sure he is committing all of our law enforcement and intelligence agencies to help the government there and police there.
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the president no doubt has homeland security engaged. know doubt has the fbi national joint terrorism task force probably on their way there, if they're not there already. president trump has been pretty, pretty adamant about terrorism around the world. there is no doubt he is responding as we speak. maria: the state department tweeted this out, steve. they say the state department is closely monitoring events in barcelona. we urge americans to stay away from the area and update family and friends with whereabouts. the state department is saying stay out of barcelona right now? >> yes. there could be, and there has been in the past, some other attacks, coordinated attacks. they want to make sure at least people in our country, i'm sure others stay out of barcelona. they still don't yet know if there are other planned attacks. that is what we have to be concerned about, not only in barcelona, but i'm sure that the terrorism level in a lot of cities has gone up a notch because we just don't know if
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there is going to be anymore attacks, not only in barcelona but anywhere else. maria: now spanish media, steve, reporting at least 13 people have been killed. >> oh. maria: we've been waiting on this number. we didn't know how many people are dead. we're getting a solid number from the spanish media. 13 people are dead after the van plowed into a busy crowd. >> well, here is the sad commentary how these things are executed and why there is a large death toll. they're soft targets. no one expects this to happen anywhere. it is so difficult to prevent these things happening, anytime, any place where there is large crowd terrorists found a way to execute operation like this, knowing they will cause a lost death and destruction. the only defense against terrorists targeting soft targets is our intelligence apparatus. i know everyone does the best they could with regard to law
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enforcement to gather as much intelligence as they could over a long period of time. hopefully you can get to a suspect before they committees acts. obviously very difficult. maria: steve, you heard news of disruption and ceos stepped off councils in the white house. there is speculation that the president could lose cabinet members. are you worried about this disruption or distraction from the president at a time so critical where we have terrorism happening still around the world? we are just off of the virginia attack? we're still trying to heal as a country? of course we're also waiting on some important economic policies that are supposed to be coming out of the white house. are you worried that in fact things are unraveling here? >> no, i'm not, maria. i think the president has done a superb job despite the these individuals that seem to be ganging up on him. he has done so much good for this country. unemployment is way down. thousands of jobs, corporations are coming to america.
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we have a strong military. our police officers, morale is lot better. i mean i could go on and on and on about his accomplishments. and these things that are happening you know, they probably happened in every administration but we have not heard about these things in the past because we didn't have social media in the past. maria: you have been, have you been shamed by the left on social media because you said something nice about the president? >> i have been threatened. i have been threatened. i have been -- i have lost friend. you know this i'm an elected official in a small town and i have been told that can forget about ever being reelected, et cetera. i don't care about that, maria. my country comes first. this president is representing this country very, very well. maria: yeah. >> and we need to stand with him shoulder to shoulder. maria: pretty extraordinary steve. i said positive things about the president, just got slammed. that is the new strategy on the left, shaming and slamming
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anybody who says anything, well, if you say anything that is not incredibly negative, you get slammed. >> maria, they make us stronger and stronger. i'm more determined, more determined. it was billy graham who said years ago, if someone isn't criticizing you, you're not doing your job. you know what? we're doing our job. so is the president. maria: steve rogers, we needed your input on that breaking story out of spain. of course we're watching the breaking news. thank you, steve rogers. that is to barcelona, a van plowed through a crowded street. 13 people are dead at least. that number is fluid. it may very well increase in the coming minutes and hours. so we'll bring you the latest there. of course we know that spanish media is reporting there are two armed individual in a bar holed up. more breaking news, market reaction right after this. i go . ♪go your own way copd tries to say, "go this way."
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maria: welcome back. we want to bring you up-to-date what is happening in barcelona. reuters is reporting at least 13 people are dead in terrorist attack in barcelona. we are getting confirmation from police this was in fact terrorism. the market dropped further on that speculation. now, initially the market was down on the disruption or uncertainty in the white house. there was speculation that gary cohn, the head of the national
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economic council would step down. the white house was very quick to come out to say, absolutely not. gary cohn is continuing to do what he is doing, that is working on tax reform and he is not going anywhere. the market came off the lows. then we had news of a spain terrorist attack where a van plowed into a group of people in a very busy tourist area. that area full of tourists. the street hats sidewalk in the middle of it, cars go on each side and people basically walking into the street. the van plowed into them. 13 people are dead. joining me economist, jerry boyer. good to see you. thanks for joining us here. we're watching a lost things happening at once. we have terrorist attack in barcelona. we have worries about the white house and the economic agenda and tax reform and then you have a economy sort of muddling along. how do you see things that way.
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>> i see things that way, welcome to the age of dissolution and age of disintegration. people are talking about the rise of the new nationalism. i think they're missing the point. i think we have rise of flue regionalism. as it turns out, we don't know who terrorist was, terrorist protocals in place, this looks like terrorist event. what kind of terrorist event or jihadis or separatists? barcelona in catalonia, they had a referendum they voted to leave spain. you have separatists groups across europe. of the in some sense what we saw with the kkk, the klan, nazis, separatism, rather than nationalism. lack of respect for authority and lack of respect for rule of law. if this is part of the overall pattern it could really matter to the economies. go ahead. maria: tell me about that because we got a 2.6% gdp number the other day on the economy. you have sentiment getting better.
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i know the retail environment is little rocky and still unclear, but, things feel like they're getting better, yes? >> i think the mood is getting better. definitely the economy, it got a little better from quarter to quarter. still, well below historic american growth rates which are 3 1/2%. sometimes, some periods in american history, after the kennedy attack, is 4%. we can do better after, if we cut taxes and deal with the regulatory problem. if the leaders are dealing with the culture war issues. if the president is tied up in twitter battles over naziism and kkk, political loser conversations, rather than pushing ahead what he was elected for, get the economy growing, you know you get the economy growing, all of sudden separatists groups in spain, neo-nazi groups, racial groups in america they don't have so much appeal to young people. people are busy working. they have more important things to do with their hand than
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tickky torches and sig heil salutes. change things to economic growth in europe and united states. >> we'll leave it there. thank you very much. >> my pleasure. maria: when we come back reuters and spanish media reporting at least 13 people are dead in barcelona. president trump is briefed on the update and situation which is being called a terrorist attack in barcelona. "cavuto: coast to coast" is next. 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. u 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
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maria: welcome back. we are following developing events right here. police in spain are saying that the van attack is likely a terrorist attack. reuters is now reporting 13 people are dead. we want to get the very latest from ashley webster. ashley? >> reporter: yeah, maria, we are expecting a press conference with local police, maybe within the next 30 minutes or so, as you can imagine with something like this, there's a lot of fluid kind of numbers being put out there with regard to the number of people killed and injured. as you say, reuters reporting 13, i've seen numbers as high as 22. all of this coming from spanish media for the most part. we just heard word they are searching now the catalan police in barcelona for a second van, not involved in this attack on pedestrians where a white van plowed into tourists, mainly. we understand now that there may have been a second van, reports of that. the search is on for that. also searching for the driver
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of the van involved in the attack. we are also following, although not much information coming out right now of two armed men reportedly entrenched in a local restaurant/bar. there are some reports saying they have hostages but we're not getting much information on that at this time. i want to reemphasize something that you said, maria. this is a tourist hot spot. the las ramblas or the ramblas district where everybody goes, a long boulevard from the center of barcelona down to the ocean. it's full of stalls and restaurants and bars, and what it is, pedestrians essentially walk down the very wide boulevard with roads on each side of it. what we understand is the van jumped onto the pedestrian portion and drove without stopping or slowing down straight down the boulevard where these pedestrians and tourists and everyone just enjoying their time and mowed them down.
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the number of casualties is high, but getting an exact number is almost impossible but multiple fatalities, multiple injuries and the search goes on for the driver and continuing to follow maria, the situation with the two armed men inside a restaurant. maria: all right, ashley, and as you have been reporting the, the market is dropping, at session lows, and we will get back to barcelona and the terrorist attack to git the latest. look at the market, a real reaction, initially the market traded down on speculation of perhaps cabinet resignations, that is not happening, did not happen and the white house was quick to say end the speculation, gary cohn is not going anywhere. the market came off of the lows, this happened in spain. we know this is a terrorist attack according to police, we therein could have been a second van and 13 people at least are dead right now, and we're waiting, that number is
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fluid. the police tell us it's fluid. we may see more because there are several others injured after a van plowed into a crowd of people killing 13 people. and there are two armed individuals inside a bar as you just heard, and there are hostages inside that bar. we want to tell you about the tweet that is hitting tape. melania trump, the first lady is tweeting. here's what she says, thoughts and prayers to barcelona. the first lady tweeting this as the president is being briefed on the situation in barcelona. we heard from the white house that the chief of staff, general kelly, is watching the situation and briefing the president. first lady treating thoughts and prayers to all victims and people in barcelona, and the president is watching the situation carefully. see if he makes comments about this. want to go to cia military analyst tara mauler right now. what would you be doing in terms of the cia now, knowing
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what we know, that a van plowed into a group of people, apparently the individual got out of the car, started running, tell me what the protocol will would be in turms of the cia? >> the law enforcement on the cia side of the equation and domestically within spain itself are trying to collect information and looking at intelligence. were there threats? threat reporting on individuals in the vicinity, were there threats about vehicular attacks? we've seen 31, my organization has tracked 31 terrorist events since 2006. this is something isis is calling are in publications, calling for the attacks online, so unfortunately while this is clearly tragic, another attack in a crowded civilian acres it's unfortunately not surprising, this is coming on the heels of a number of attacks starting with nice france last year week saw the berlin market attack, the manchester bombing now, the
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bridge attack. a series of attacks over in europe, tragic, but unfortunately, not surprising. maria: glad you make the point of the new way of terrorism, getting in a car and plowing into people, that is exactly what isis and al qaeda wrote about in their materials, their magazine, to tell people to get in cars and kill infidels. so how does law enforcement get ahead of that? now that we're talking about really, low-tech terrorist attacks, getting in a car and driving into people. how does law enforcement get ahead of that and try to ensure to get the perpetrators in something like that? not like can you use technology, it's a low-tech attack? >> low tech, low sophistication and that's why they're doing it. it's a lot more difficult to stop an individual, a small cell that is using common place items, a car or knife than it is to stop a plot that is orchestrated or requires a lot
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of funding. what needs to happen aside from the red flag about the particular individuals, they may or may not have been on law enforcement's radar. that is something we'll learn in the next 24-48 hours. if they were on law enforcement's radar, it's really, really up to the public to spot signs of individuals that may be coming radicalized or engaging in suspicious behavior or track potentially suspicious purchases of bomb making, no bomb in this case, but explosives or suspicious behavior behind the renting of vehicles. again very difficult to stop if the people weren't on law enforcement's radar. in many of the cases we've seen recently, the individuals have been in some cases on law enforcement's radar. then the question becomes, were there signs that were missed? too early to say here, we don't know anything about the individuals. nobody has been detained by authorities, nobody apprehended for questioning yet. really in the early stages of the investigation, i don't like to speculate too much.
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but we have seen isis carry out these types of attacks, doesn't mean it wasn't another group or copycat, it's a pattern we've been seeing. too early to say definitively what's going on or who the people are, whether they're domestic, within the country itself, whether they are elsewhere, too early to say until we have more information from authorities. maria: how important will the van be, the perpetrator got out and started running. perhaps they have the car. what will that prove in terms of dna, forensics? >> sure, if they have the van, they can hopefully track the vehicle based on if it was -- the initial reports say it may have been rented, essentially anybody used identity documents to rent the vehicle, and they're going to -- you are exactly right, look for forensic evidence they can gather or anything in the van, that is the basic crime scene part of the investigation, and on the back end, the threat reporting remains critical on this. were there individuals being monitored in the vicinity for plan anything types of attacks
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and threats against this particular area that was hit, and that's something that they're going to be looking at closely as well. maria: we'll be watching it as well. thank you for joining us, terra. appreciate it. up next, stocks at session lose amid the breaking news out of barcelona. dow jones industrial average down 172 points right now. new developments pouring in. we'll be right back.
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. maria: welcome back, this market is down 181 points and partly on speculation about disruption in the white house. the white house is dismissing reports today about gary cohn's future. blake burman is in bedminster with the president. he has the very latest. good afternoon to you. >> reporter: maria, good afternoon to you as well. there have been several reports out on this day, gary cohn, the chief economic adviser to the president has been none too placed with the president's response to everything ongoing with charlottesville. it was cohn by the president's side the other day alongside trump tower. however, the white house is pushing back on any sort of notion that gary cohn is going anywhere within the white house. a white house official saying a little while ago in new jersey the following, and i quote, nothing has changed, gary is
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focused on his responsibilities as nec director and any reports to the contrary are 100% false. i can tell you i was speaking with somebody else within the administration not too long ago involved in the discussions ongoing with tax reform, as gary cohn was there with steve mnuchin and the other leaders on capitol hill, and i was told by the administration official that the focus for gary cohn and a lot of the other people right now is on that, trying to get everything circled together with tax reform, move forward on that, there is a timeline that they hope to get started on that, the administration and republicans on capitol hill within the upcoming weeks, once congress returns in september. then there is also another added component with gary cohn, as you know, maria, janet yellen, the decision involving her for the president comes up here in the upcoming months, the president has not said what he might do with janet yellen, janet yellen has not publicly said what she may or may not do
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and gary cohn's name gets thrown around with the president saying gary cohn is in the mix. the bottom line is gary cohn is central to many things going on with this administration. the white house saying on this day that any notion he is going anywhere is false. maria: part of this, blake, is the shaming of the left. larry summers was on the phone a lot yesterday calling all his buddies in the ceo suite saying you are either not going to be fit to lead your company or we're going to shame interview it. you have to step down from the president's council. there are a lot of people making calls to the ceos and business people within the administration, trying to bully them into stepping down. >> and correct me if i'm wrong, i think summers said he would have resigned if he had been in the same position. this is gary cohn comes from the business world. maria: right, and larry summers worked for president obama, and he worked for hillary clinton. >> reporter: right.
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i think we had a little delay here. this all folds in, you know with, a lot of these -- people saying hey, you got to make a decision to stand by the president or go. we've seen what the ceos have done, gary cohn came from that world but the reality is, maia, that he now is in the white house, and he now is in the administration and one of the president's top advisers and at this point, he's standing by the president. there is a lot on their plate as you know just as well as i do, and for now gary cohn is going to see it through. maria: one of the leaders on tax reform, the voters are hoping he gets that done. blake, thank you. all of this in the aftermath of president trump's reaction to charlottesville, that's become something of a distraction certainly for congress, and we're asking the question, it will distract the agenda? to the daily beast reporter betsy woodruff and gop john
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tatum and gina loudon. gary cohn says he's staying, working on tax reform, are they going to get the big legislative victories in the face of all of this? >> well, i mean, the question might be how much have they accomplished so far? i mean this president has accomplished so much it's almost astonishing how much he's accomplished, completely without congress. so when you look at it like that, you think, gosh, they could be riding a wave of consumer confidence in the things the markets have done, rather than some of them breaking from ranks to stop and criticize the president whose managed to accomplish all of this without them. it's rather unfortunate they're not just banding together and riding this economic wave that could be -- prove successful for them as well. maria: now you are on the committee for the president's 2020 campaign, correct, gina? >> media advisory board. maria: what are you doing in
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terms of getting the president re-elected in the face of all of this criticism that's out there? >> it would be nice if when leftists' spiteful attacks come for a president, that our congress and senators especially would stick in there and not dissent from the ranks. this is something republicans have traditionally done, you look back maria on health care, how long they had to get health care done. the president had 200 days, they wanted to put the blame on him. tax reform, all of a sudden they don't want to do tax reform because there was a leftist attack like russia gate before. look at success of the president this week in north korea. that has barely been mentioned. they should be out there messaging that right now so they can move forward with the economic agenda. maria: you make a really good point, gina. the fact is, betsy, north korea's maniac leader kim jong-un is backing down. the president's tough talk apparently is working.
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this is an enormous story. north korea was set to strike guam and now we see he's backing down because of the president and his tough talk, and yet no one is talking about that enormous story because we're focused on what's happening in terms of disruption. >> in forms of context when it comes to the activity that north korea's leader has taken, he has threatened to strike guam multiple times over previous years and hasn't followed through on the threats. important not to read too much into his comments. of course, it's surprising that the white house isn't being more vocal about the change that's happened here and at least this past week has shifted. remember important context is one of the president's senior advisers steve bannon gave an eye-popping interview to a progressive magazine where he talked about a number of potential strategies the administration is considering or might consider as far as security issues on the korean peninsula.
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it's something we don't see unity within the white house and the north korean issue hasn't generated as much applause as you might have expected under different circumstances. >> good tonight. john, you are gop bundler, you've been really successful, when you looked at money the gop has been able to raise this year going into the 2018 elections, if they don't get tax reform done, does that goodwill go away? >> maria, absolutely. it's interesting because i don't know why they're on vacation right now. they haven't accomplished anything. we were promised tax reform by august, we haven't gotten it. they haven't done anything about health care, but yet on extended vacation, and they're already calling to line up fund-raising events and things like that. i can tell you from firsthand experience, i was in northern virginia at the redskins training camp and spoke with a very high-level republican
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donor and he's furious with their lack of progress and their lack of success, so i can tell you if they don't start putting wins on the board, they're not going to receive the funds as they go into the primaries and the 2018 election cycle. >> you make a good point, john, let's talk about that for a second, john, the president is in place for four years, the congress, the house, they're all up next year in 2018. there very well could be jeopardy if they don't get this done, and the democrats may be running the house. does the president have a better time or easier time getting policy through with democratic leadership? >> well, that's a tough question, maria. i don't know. i think at a certain point, he's going to have to, you know, pair up or force a pairing of republican leader and a democratic leader and
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find common ground that they can go off and work together on. you know, they're coming back after this area, and we're going to be looking at a debt ceiling, and the sure bet in las vegas is they're going to raise the debt ceiling, okay? and we all know that because it's not their money, so they're all going to vote to raise the debt ceiling and continue to expand the credit limit of all of us, the taxpayers, but there has to be some common ground that the president can reach out to a republican senator and a democratic senator and say, i want you guys to focus on taxes. i want you to focus on health care, and i don't know, i can tell you, though, next year in 2018, there's a number of governorships that are up, and that's going to affect redistricting and so forth, and i don't think any of these incumbents, if you've been in this congress or senate for two years, you're x the problem.
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if you're there ten years, you're 5x the problem, and those 20 and 30 years, you are 10 and 15 times the problem of what is not happening. i hope they're all going to wake-up call. maria: there's the drain the swamp that the president has talked about. >> we're not draining it. maria: that's true. we need to start draining it in 2018. maria: want to talk as well about terrorism today, unfortunately this is the reality that we face. thank you all for being here, appreciate it. see you soon. betsy, john. gina, thank you. we are learning that spanish police have confirmed 13 people are dead. there 3r 2 injured now we understand and one dead confirmed. reuters reported a much higher number in terms of the dead. we're going to see where that number came from earlier as we come right back. stay with us.
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. maria: welcome back, secretary of state rex tillerson making a statement now. >> japan, forged over previous decades will continue to endure. today's honest and productive discussions reaffirmed our commitment to confronting threats to regional peace and security. as you might imagine, we spent a fair amount of time discussing north korea.
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north korea's recent intercontinental ballistic missile and other missile launches are unacceptable provocations and must stop immediately. we agreed to bolster our alliance capabilities to deter and respond to north korea's unacceptable behavior and other challenges to regional security. in cooperation with other nations we will continue to employ diplomatic and economic pressure to convince north korea to end its illegal nuclear and ballistic missile program. i think as was clear by all peace-seeking nations and the unanimous u.n. security council resolution that was adopted as well as very strong statements made by the ausian nations we seek reversible denuclearization of north korea. we call on all nations to fully enforce the u.n. security council resolution imposing additional sanctions on the regime in north korea.
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we will remain vigilant against the north korean threats -- >> secretary of state tillerson talking about the north korean threat. police in barcelona expected to give an update on the barcelona attack shortly, ashley webster with the latest right now. >> reporter: as you mentioned, shortly before we saw rex tillerson there. the associated press quoting barcelona police as one dead, 32 seriously injured. that is wildly different to what reuters reporting of 13 dead. i've seen numbers as high as 22. gives you an idea how fluid the situation is. spanish police confirming one death at this point. we also understand, confirmation has been lacking, the police are negotiating with the two armed men. they're apparently inside a turkish restaurant. they were seen both armed, running into the restaurant. there are reports the police are negotiating with them to get them out of there. we should also point out one
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local tv station in barcelona is reporting that the second van has been found, about 40 miles outside of barcelona. there is speculation that that van was used as a getaway vehicle, but the search for the driver who plowed into the people on the very busy pedestrian mall goes on. the city, as you can imagine, maria, is under a terrorist warning, and i want to point out barcelona is one of the top tourist destinations in europe. it has 11 million visitors a year and this is the prime tourist month, august. many of the people in europe take good chunks of august off for vacation, many people like to go to barcelona and many like to shop and enjoy the atmosphere on this particular pedestrian mall, and there is a taxi driver quoted as saying he saw the driver of this white van literally zigzag his way down 50 miles an hour down the pedestrian mall trying to hit as many people as possible. as you mentioned, still waiting
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to have a press conference with the spanish police where we may get more information. maria: right now to army intelligence officer lieutenant colonel tony shaffer. your thoughts what's going on in barcelona right now? >> earmarks of isis attack. isis is very good at doing two things very well, unfortunately. they've been able to adapt the use of vehicles as a method of death. and clearly this indicates that they chose that again here. secondly, as we defeat isis within the confines of what they consider their state, they're going into places in philippines, afghanistan, libya, looks like they are in spain. i read another article, looks like our own cia did actually anticipate something like this happening, and let me be very clear, under mike pompeo cia
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analyzing intelligence it may be indicative here we are aware of the fact, i can say with direct knowledge that isis is spreading past the boundaries of traditional state. so what i think we had here unfortunately is a very severe application of their terror against a soft target, against a high-terrorism area, and frankly, this is something we now, the united states, is now trying work to get ahead of with the allies. maria: how do you get ahead of something so low tech as a car ramming into a group of people? these things are so basic. >> that's what we're worried about in new york and washington. there's nothing you can do once they decided to act and you have a member of the organization in motion. what have you do is focus on the network. there's two things can you do to get into the network. the traditional espionage operations, you need people on the inside. this is something that, again, we are -- our side is reluctant to do for any number of, i
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would argue, silly reasons, we have to get into the network. and go about making it so you can track and basically figure out everything they are up to. again, this has probably been rehearsed. there is observables you need to get ahead of. get into the network and look into the pattern of observables. i think we find this guy probably did a dry run. we've seen this from the 9/11 hijackers on. always a reversal. these are our only opportunities to get ahead of a low-tech threat, as you mentioned. maria: in terms of what we know right now. can't get a firm number in terms of the number of people dead. we know it's one for sure confirmed. reuters is reporting up to 13. now we're trying to understand what's going on with the two armed individuals, which apparently have found some place to hide in a bar. we are not sure if there are hostages there. what do you think law enforcement is doing right now?
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take us through the steps in order to get these guys? >> first off, if you can evacuate anybody near the hostage situation, if there are hostages, you get them out of there. secondly, you figure out is there a shot here, something we can do to take these guys out, and obviously enter into level of negotiation, if they're willing to negotiate. unfortunately, we found from these type of terror attacks, these guys are simply trying to buy time to get more media attention on the effort and probably commit suicide or do something very severe. this is one of the things i think the police need to use the time to their best advantage to get prepared. unfortunately, i don't see negotiating with terrorists, they are a death cult and want to seek death. the only reason they're delaying right now, they want more publicity. that's what's going on here. maria: so what about how this all began? we talked about this in the past, the fact there are wide open borders in europe, and that's why you've had france be as vulnerable as it has, several terrorist attacks
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there, and now barcelona? >> that's the issue, you have the european union where essentially have no ability to search people, once you're why the eu, you're good to go, and obviously, when you have the big land connections where you can travel by train, and it's convenient, you can hop on, hop off, problem is this, once you get weapons into a place like belgium, for example, where we find the things have been cashed, you can go pretty much anywhere, and add on top of, that the idea of having countries like spain, spain has been out of the war on terror when al qaeda did number of attacks against the rail lines, spain had the perception, we're out of, this we're not involved. well, they're involved. they recognized this is a twofer, ability to go after a soft target and spain wanted out of the war, and i don't think you get a vote in that. you're part of the west, isis or al qaeda is coming after you.
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there is no borders. opportunity waiting to happen. and in this characters i think we knew something about it because we issued a warning to spain. maria: for sure, tony, good to see you, thank you so much. >> thank you. >> the market at the lows of the afternoon, terrorism confirmed in barcelona. watching the fallout right after this. back in a moment.
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. maria: welcome back, police have confirmed a terrorist attack in barcelona. secretary of state rex tillerson moments ago, listen. >> i'd like to start by acknowledging the incident in barcelona, which has the hallmarks, it appears, of yet another terrorist attack. we offer our condolences to the loss of life and the injuries that have occurred to so many innocent people yet again. we will continue to monitor the situation. we stand ready to assist law enforcement and national security authorities in spain, our consulates in barcelona and
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entire mission spain team are currently assisting americans in spain who are affected by these events. we ask u.s. citizens in the area to let your loved ones know you are safe. terrorists around the world should know the united states and our allies are resolve to find you and bring to you justice. maria: we want to bring in this tweet that was out earlier. this is from the clemson basketball team. they say everyone in our group in barcelona is safe. car attack was right outside of our hotel and we are on lockdown. this is a tweet from the clemson university basketball team. apparently clemson basketball team is in barcelona right now. this incident happened right outside of their hotel. as we've been telling you and you heard from rex tillerson, police confirmed this is terrorism. a van plowed into a group of people. we know one person is dead, reuters is reporting up to 13 people have been killed as a result of that. and we know that there are two
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armed individuals holed up in a bar. apparently, the driver of the van got out and started running. it is unclear if that person who got out of the car and running is the person holed up in the bar. on the phone is amy mccabe, in barcelona, she witnessed the attack. she's been living in barcelona. can you hear me? >> yeah, i can hear you. maria: thank you for joining us, amy. you are living in barcelona for the last six years? >> that's right. maria: tell me what you saw? >> so i looked -- i was just out with my dog, we live off of las ramblas, i got home, i was going to leave the dog and go out and buy toiletries and thank god my boyfriend was like, no, no, wait a second, give it a second before you go out again, and all of a sudden we just heard these -- it's super noisy here, the tourist
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city, it was a lot of noise. something about it. we heard these blood chilling screams. i ran out to the balcony. you see hundreds of people running down las ramblas running for their life, running in fear, everyone screaming, scrambling towards the alley ways looking for somewhere to hide. the reaction of the police was incredible, within maybe two minutes, there was tens of police cars racing up las ramblas, there were police officers that were available on foot start running up las ramblas, the plainclothes officers, the undercover police cars, heading up las ramblas, we had no idea what was going on, we had no idea what happened. we were just shouting down at people on the street, what's
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happening, what's going on? we knew something terrible had happened. maria: did you spot the van, amy? >> no. the van stopped literally one street above where our street is. maria: but you saw everyone running from the van? >> exactly. running from the van. the police started evacuating everyone, all the businesses were forced to close, there's people stuck inside mcdonald's, they pulled down the shutters. it's crazy. in the middle of the day, completely unsuspecting tourists, you know, obvious communication problems and we look down and the special force police, you know, set up a patrol on the corner and they're all there with essentially machine guns, automated weapons, and they scream up at us, get inside,
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close your doors. and, of course, there is people who don't speak spanish, you have to explain they need to get inside. maria: in fact, the u.s. state department is telling people stay away from barcelona because there's apparently one of our guests earlier said, you see one attack happen, and then you expect that there's another one they're planning. >> for me, of course, it's terrible for everyone involved. but my mom is stuck in the airport right now. she's coming to visit me for the first time ever. her plane touches down in barcelona and he hears two terrorist attacks here, i can't leave my house, can't go meet her. the streets and the center of the city is closed off. my friend from work was leaving work. he's stuck now, he's stranded in the city. she can't get across the city to get home.
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there's a lot of people in the same position. maria: i'm sorry about that. that's tough that your mom is stuck at the airport right now, and you are holed up in your apartment. let me ask but that street there because the street where the van plowed into all of the people. it's one of the streets where everybody is walking in the middle of the street, right? the sidewalk is in the middle of the street and cars on either side. explain how that works? >> barcelona is densely populated city's way of managing traffic. one traffic will only be allowed to head north and the next street over only going south and the next street north and so on. on las ramblas, you have two lanes of traffic, one that goes down, one that goes up and in the middle you have the wide pedestrian street pass, so the van started from the top of
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catalunya and going head down and veered into the pedestrian pass and started running people over. maria: what are you hearing from law enforcement on the ground? they're telling you to stay inside? >> nobody is allowed to leave their house. if they're stuck inside a shopping center or store or restaurant, everyone is being hold to stay there. maria: is this because they're speculating there could be another attack being planned? . >> well, the assailants haven't been caught. the last we were told is they're holding hostages in a turkish restaurant a street away from where it happened, when they jumped out of the hand, they headed towards the market and the center the city and started shooting people there, and moved to the back where there's an exit onto carme where they took up in a restaurant. maria: you are saying you
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believe, you believe that the perpetrators who were driving the van got out of van, started running and they are, in fact, the two men who are armed in that turkish restaurant right now? >> this is what -- this is as far as we are aware of right now. maria: and there are hostages in the restaurant? >> as we've been -- as by the information we have here, that's what we believe is happening right now. there's police stations up on every corner with guns and obviously watching the live news here to see that there were police basically securing the street, the whole street carme and the vicinity of the restaurant. i don't know what -- if they got the people out of there. maria: this is a scary day for sure. amy mccabe, we are thinking of you and wishing you well. thank you for weighing in with us today.
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appreciate it. >> thank you. maria: a van plows into a group of people, at least one person is confirmed dead. reuters is reporting it could be up to 13 people dead. several others are injured because of this. then the perpetrators apparently got out of van and ran with their guns and now as you just heard from amy mccape, holed up, armed in a turkish restaurant and she believes there are hostage. we've got more on the breaking news situation out of barcelona. new developments are pouring in. stay with us. on wall street, markets are reacting, down almost 175 points.
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. maria: welcome back, this market is down 185 points. the low of the afternoon. the news, of course, the terrorist attack in barcelona accelerated weak market. nicole petallides on the floor of the new york stock exchange watching stocks, nick? >> reporter: that's right, maia. markets at session lows. 183 points, started off really with a negative tone, so many headlines that the traders are trying to digest from the worries and controversies surrounds charlottesville, watching the trump agenda going forward, the dismantling of the ceo council, the disbanding of that and brought concerns with the agenda going forward. also had a couple of earnings
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reports that were weak from walmart and cisco and all of that sets a tone here on wall street. you see markets down with the s&p and nasdaq down 1% at this time, and then now you have a new, and gary cohn news, it was a rumor, he was going to step down, then the white house disspelled that rumor. came up off the lows and getting the news from barcelona. terrible news from barcelona. interesting because the traders are focusing still on the politics of it all, and worries about that going forward. the terrorism, terrible to hear about, attacks. the market has not reacted too dramatically to terrorism over the last year or so, but certainly watching the markets selling off here across the board, one too many negative headlines and steeg in the ten year bond yield. yesterday saw the 10-year bond have its first down day, the first in three, and now down, the yields dropping for the second day in fact to the
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lowest levels of the week, 2.20, i see 2.21, maria. the flight to safety, people rush to safe havens, gold up 8 bucks and treasuries, another safe haven. all the tech sectors in the red and focusing on barcelona and the developments, that is a developing and breaking story at this time. maria: market watchers larry glacier and carol roth and whether or not we're seeing the market worsen for good reason. good to see you both. thanks for being here. larry, are you worried that the tax reform package, the president's agenda, gets upset and doesn't get executed? >> you know, maria, today's horrific and tragic events in barcelona notwithstanding. this is a market about resiliency, the partisan divide, able to shrug off north korean missile threat and the delays in the trump agenda. may not be able to shrug off loss in confidence and the loss
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of momentum, the loss in the business community threatens tax policy. that's the real concern here. a pickup in volatility, we fear we're losing the momentum. maria: do you think the tax reform gets done? i know that that's the threat. >> it's not getting done any time soon, that is unfortunate. and you know, we're not giving cover to the business community to allow tax reform to happen. it needs to happen to keep this agenda moving. maria: want to get the breaking news out right away, we know that spanish public broadcaster is saying that one suspect in the barcelona van attack has now been arrested. okay, as you know, a van with two individuals in it plowed through a crowd of people in barcelona today. one person is confirmed dead. reuters is reporting it could be up to 13 people dead, and got out of van and ran on foot and found a hiding place in a turkish restaurant, they were holed up in the turkish restaurant armed.
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now one suspect has been arrested. we'll see what cops can get from the one suspect. once one suspect is arrested it's a big deal for law enforcement, because they can get lots of dna evidence, lots of information from him in terms of whether or not there are other plots planned. carol roth, good to see you, thank you for joining us today. your thoughts on the impact of now terrorism on top of the impact of the potential of the plans, economic plans, perhaps getting threatened and the impact on markets? >> yeah, this is such a horrible tragedy, maria, what's a bigger tragedy is we have so many data points. this keeps happening over and over again, we saw it in nice, in germany, the manchester bombings, we have all of the data points and every single instance, the market reaction tends to be a day or two and able to digest that because they do have a breathing space in between. i think what's really impacting
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the market, like you said, things like tax reform, are critical, to drive the market up, but on the downside, where you need to be worried in my opinion is about the fed, and whether something reminiscent of a temper tantrum that corresponds to a correlation but from a longer-term perspective we have unwinding a balance sheet that's $4.5 trillion. 1.5 trillion has left than five years in terms of maturity of the assets. we have no idea what impact that is going to have and from a downside perspective, whether it's a correction or ending a market cycle, to me, that is the big issue. maria: that's a really important point, carol. yesterday the federal reserve minutes, did you learn anything from the fed minutes yesterday? >> i never do, maria. i never do. i find it very difficult to look into the crystal ball. maria: you do sometime get some intelligence, right? >> theoretically. i think that the market is betting that maybe there's one
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more hike, certainly not one in september as provesly thought, maybe one more this year, but again, it depends who's in charge of the fed. that is under a janet yellen fed. we obviously don't know what's going to happen in terms of that. i think there is still a lot of unknowns and as we know that the fed always tends to be behind things, that's the one thing we can bank on. maria: larry, what do you think about that? you've got to operate business regardless what's around you. >> exactly right. maria: would you put market cap in the market today? >> i think carol made great points, the fed is a concern, expect the pickup in volatility for any of the number of reasons you cited on the show. look, we've got a debt ceiling debate coming. that's a looming issue that's going to face the market as people come back from summer vacation. it's going create opportunities. if the fed takes action, you get volatility. maybe the anti-fang trade, not the fang trade is the benefit of the action. maria: you would put money in
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the market? >> absolutely. i would be valuation sensitive, defensive here, but looking for opportunities as we see a pickup in volatility as we enter the fall. maria: we've got to jump. thank you so much, larry, carol. we continue to follow the breaking news out of barcelona and we'll be right back. inflammatory substances that cause symptoms. pills block one and 6 is greater than 1. flonase changes everything. that's it. i'm calling kohler about their walk-in bath. nah. not gonna happen. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ finger snaps ] mmm.
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program earlier confirming people are being held hostage in a restaurant, a turkish restaurant in barcelona. the men's basketball team from clem ton, oregon state, arizona, tulane, all in a hotel near the incident in barcelona. they're reporting they're okay. continue development throughout the day. trish regan takes you through the next two hours. trish: thank you very much, maria bartiromo. we have spanish media reporting that one suspect involved in the deadly terrorist attack in barcelona has been arrested. police confirm at least one person is dead and 32 others are injured after a van rammed into a crowd in las ramblass. that a lot of people were gathered in the district. local maid yaw reporting the death toll could
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