tv Wall Street Week FOX Business September 2, 2017 9:00am-9:30am EDT
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your questions or your property stories at propertyman@foxnews.com. i'm bob massi. i'll see you next week. [ woman vocalizing ] president trump making his second trip to texas as hurricane harvey made landfall more than a week ago. >> president trump: to the people affected by hurricane harvey we are with you every single step of the way. to "wa >> the president is working at rebuilding houston and the devastated areas through a builder's eye. >> the entire community in the port arthur and beaumont area are still in as accessible. >> it's day eight and evacuations continue. >> i saw the devastation down there and i was amazed by the commitment of what the texanss are doing to take care of themselves. >> president trump has requeste. nearly $8 billion in initial federal aid for hurricane harvey recover are. >> they're taking care of the people not republicans, not
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democrats, everybody. americans. >> everything will be okay. >> president trump: when one part of america hurts we all hurt. arm in arm we will strive. we will endure, and we will emerge stronger than ever before . >> clayton: let's get to the fox news alert now president trump and first lady set to board marine one at any moment ahead of their second visit to texas we'll bring you that live whenen that happens. >> abby: this as he puts pressure on congress for nearly $8 billion as a down payment for relief in texas. corporate >> pete: peter doocy will be live later today. good morning. t >> reporter: that almost $8 billion the white house is asking for is considered emergency funding they're calling it a down payment that would be used for continued life saving missions, help for housing for people without blood insurance and the loans to small
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businesses whose bottom lines are facted by the high water. these details were sent out late last night by the white house budget director to the speaker of the house paul ryan and includes a reminder if lawmakers decide not to raise the debt ceiling for any reason political or otherwise there's an interruption in federal assistance for harvey victims coming at a critical time in texas because the debt limit will be reached at the end of this month. the speaker has been saying there won't be a default and he tweeted last night, as families and communities begin long o recovery from hurricane harvey, house will act quickly on request for emergency relief funding. president trump has predicted that harvey will go down as the most expensive natural disaster in american history and he's about to get his second look at the damage this week. on tuesday, he went to corpus cristi and austin for an update about rescue efforts and today, a little more than three hours, air force one will land in the houston area where the commander-in-chief is expected to meet with people whose lives
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have been most impacted by the historic high water is also expected to visit a relief center for harvey victims here and then from texas the president and the first lady are going to head to the lake charles, louisiana area. another place that was very hard hit by harvey a few days ago. back to you. >> abby: peter doocy, thank you so much for that. >> clayton: let's bring in former nypd officer hosting a podcast renegade republican dan bongino. the logistics of these types of trips has to be a bit of a nightmare. where do you sit down is the infrastructure safe enough for the president is he going to get in the way of people doing rescue efforts, take us through some of that. >> yeah, these are really tough. i mean the terrain features, right? things you wouldn't think about on a normal presidential advance like are there downed power lines? that's not the kind of thing on a trip to say downtown baltimore to whatever a woman's shelteri you'd have to think about, right downed power lines here is another thing. access to a level one trauma
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hospital. that's a must for any secret service agent god forbid on the trip there's a medical emergency and you have to take the president to a hospital. where is the hospital? is the hospital up and running? is it accessible by car? motorcade routes are they shut off are the bridges even stable? these are really really complicated trips and you're right the logistics is a big hangup.ll >> reporter: unfortunately you have some of the media and critics of the president focused so much on the optics. optics of course matter in important trips but not focused nearly as much on rebuilding the state of texas, rebuilding houston, getting it to a place where they can continue on living their lives. we had david bosey on earlier in the show and he said president trump is not focused on the optics. he's focused on that rebuilding. here is what he said. >> the president is a builder right? that's his entire life so he's looking at rebuilding houston and these devastated areas through a builder's eye. he is going to demand that his leadership team at fema and
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other federal agencies whether it's the army corps of engineers or local agencies do their best for the american people on a budget and the president is not going to lose focus on these people. >> abby: it's interesting the president has got a different background than we've seen with other presidents. he's a business guy, he understands the impact not just what they're dealing with with flooding and all of the personal things they're going through but also the economic impact. you'll think about a place like houston that's been such a hub recently for oil and chemical and for energy you name it. seems like he's the type of guy that will understand that. >> yeah, you know this is a particularly infuriating story. i mean the media is focused on the optics. they're full of crap. what about the optics of a national mainstream liberal far left bias anti-trump media that during a biblical level tragedy in texas is focused more on melania trump's footwear. i mean this is absolutely absurd folks listen, i get it no
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tragedy is going to have a seamless response, but let's be honest compared to katrina where there were a ton of lives lost, we had the loss of life although tragic has been relatively slim compared to that. the federal response although again not seamless has been pretty good. the local response and the state response again, not seamless pretty good and what are they focused on? what's on melania trump's feet as she boards air force one? if this doesn't speak to the moral vacuum in our media today nothing does. this why nobody takes them seriously any more. they're nothing but a bunch of journalists. >> pete: dan another angle of this is what texas has shown america, the value here, the resilience there. if you would, speak to what we've seen, being able to get a glimpse of with the way texas and houston responded this. >> yeah, you know i sent out a sentiment the other day that i absolutely meant. i'm a floridian now, i've been marylander and new yorker and i totally get" now why texans are so proud of their state.
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i mean it gets you teary eyed watching their sense of self- reliance. thank god there's been a good government response pete but let's be honest. these are texans out there and people from adjoining states helping texans out on those boats rescuing pets, rescuing people. i mean this is just i get it now why when you go to texas people are so proud of their state. you know, you deserve a major patton the back and a big collective american hug from all of us. what you've done for yourselves under i mean unimaginable conditions is incredibly admirable and you get a big salute from me and the rest of us. just amazing. >> pete: it's worth remembering it used to be its own country.to >> clayton: well we all know the pledge of allegiance to america. texans know the texas pledge. they say their own pledge to texas. >> well now everybody knows why, right? >> pete: that's right. >> clayton: dan we want to get your take on daca. the deferred action for childhood arrivals and those
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folks, those kids who were here because their parents were here illegally, under no fault of their own they're here and they've been living and working in many respects. silicon valley this week sent an open letter apple, facebook, google a lot of major companies said keep this in place otherwise it will cost the economy billions of dollars and billions of dollars out of medicaid and social security because they pay into it. the president under pressure to continue this program. what do you think is going to happen? >> well listen, that flag we have means something. that flag stands for the rule of law and there's absolutely no reason why we should be creating a special carve out to the rule of law for a group of people. this is that's not what the rule of law is. the whole essence of the rule of law which is what that flag we have stands for means that everybody is subjected to it. daca was an unfair program. it's an unconstitutional program barack obama himself, guys acknowledged that he could not do this and then subsequentlyre did it.
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i'm not making it up. you all can see it on youtube when he was asked about his powers to do this. he said he couldn't do it and went and did it anyway. it is an illegal program that has to mean something and it is claims by the way of using discretion are nonsense. you can't exempt an entire class of people from the rule of law and one more thing. you know, spare me liberals the lectures on compassion, spare me we are the most compassionate m country on earth. if you were to do what you did in the united states and come here illegally at at any any other country in the world you'd be getting a kick in the butt out of that country the next day we take in millions, millions of people over the course of decade s into this great country. we support them, we do not let them fail, and we give them every avenue to succeed so spare me the lectures on compassion. >> clayton: and you know dan it was an executive action unconstitutional yet congresse could change the law if you want you'll see nancy pelosi and paue ryan a dangerous combination when they come together and yet we still want repeal and replace
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obamacare and get tax reform done. do you think this is something congress should take up if they are so excited about it? >> bingo, you just nailed it. i saw a tweet from jeff blake a republican senator from arizona who said we need to take immediate action to protect the kids. really? senator flake where was the immediate action on tax cuts? where is the immediate action right now on harvey? where is the immediate action on obamacare? you know, it's amazing how they prioritize things. we have people who i get it. that are going to be hard cases but who are not american citizens and when they're impact we have to take immediate action but when american citizens are impacted by the devastating effects obamacare we have a major storm where is the pressing need then? i mean, this is just in credible the priorities of republicans up on the hill. i'm telling you any republican that votes for this to institute daca legislatively good luck in the primary on that one. i don't think it's going to work out well for you. >> abby: we'll see where this goes good to have you on.le >> pete: we want to take a shot
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of the south lawn, this is joint base andrews now because the president has already left the white house waiting marine one to land there at joint base andrews for the president and first lady boarding air force one to head back to houston, texas where they will look at and try to assess more of the damage. meanwhile, it's the headlines. >> abby: we'll bring that to you now to other headlines we're following we are now learning at least 19 american diplomats stationed in cuba are suffering from what u.s. officials call mysterous attacks symptoms include mild brain injuries and permanent hearing loss from several incidents dating back to december and the most recent was as early as last month. still unclear who was behind those attacks but cuba has denied any involvement. and president trump announcing his picks for the nation's new drug czar and for the top boss at nasa. pennsylvania congressman tom mar ino has been nominated to to lead the office of national drug control policy while oklahoma congressman will lead nasa.
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both congress men still needax senate approval. gas prices speaking this labor h day weekend in the wake of hurricane harvey the storm knock ing out refineries along the texas gulf coast that feed much of the u.s.. the national average for a gallon of regular gas is now $ 2.56, a $0.20 increase in just one week. experts say that number could go up as well to $2.75 a gallon by the end of this weekend. and jj watt continues to break barriers in his fundraiser for hurricane victims. the houston texans defensive end surpassed the $16 million mark. >> i've said so many times before but the worst times bring out the best in people and we're seeing that in abundance right now so thank you, please keep sharing please keep donating. s >> abby: that is amazing. so watt started the fundraiser last week the initial goal of raising $200,000.se good for him. >> clayton: check the salaries he only makes 10.5 million and he's now raised more than his own salary.
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pretty cool. >> clayton: coming on the show president trump and first lady melania trump set to depart joint base andrews ahead of their second visit to texas. we will bring that to you live when it happens. >> pete: plus have you seen these powerful pictures here 100 officers praying together before volunteering in houston? s president trump rightly calls them heros and the chief of police joins us in houston, ther that's next. ♪ every long lost dream, led me to where you are, others who broke my heart--♪ far the consun has been weak. you have the retail sector that is totally bifurcated.
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malls going out of business. how do you characterize economic growth today and what are the chances we get to 3% in the near term? steven mnuchin is betting on it the next couple years. >> i think the second quarter will show a 3% change but it's a little deceptive because we are having a problem with the seasonal adjustment factors between the first and second quarter. as a general rule i tend to average them. and the average is 1.4 and say 3.0. that's not a terrific number as far as the gdp is concerned. but it in turn is exactly what you would expect at the levels of productivity growth which now have been experienced for a number of years. maria: don't go anywhere. maria: don't go anywhere. more heavy
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>> abby: welcome back so this powerful image taking the internet by storm 100 fort worth police officers praying together before volunteering in houston. >> clayton: president trump tweeting out the photo calling those brave men and women heros. joining us is fort worth chiefef of police dr. joel fitzgerald. chief thanks for joining us we really appreciate it you said
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but going down and seeing things that they've seen, doing the things they've done, assisting these houston officers who are fatigued and tired is something that they will never forget and it's par for the course for what we do but when you see citizens doing what they're doing the cajun navy and other people going into help rescue folksks those are powerful images and it was really cool that the president acknowledged the power of what we had leaving here in the city of fort worth and going and being accepted in the houston metropolitan area. >> pete: you mentioned those powerful images but that photo in the bottom right of our screen now is an incredibly powerful image and you go out and risk your lives on be half of your community every day you're going to houston as well and the president has declared a national day of prayer tomorrow. what is it about prayer? why is that a preface for you
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and your officers before you step out? >> we have a group of pastors from many different faiths thatn support this police department and you know, they weren't asked to be there. they come into our department to see our folks off and to wish them the very best and you know, prayer is powerful. we know that and sometimes not accepted everywhere, but what we felt was that it was appropriate to bring those folks in and toth allow them to have a few minutes to really say what they meant from their hearts about thero sacrifices our guys are making to go down there for a week, two weeks, three weeks at a time and it was accepted and it was well in braced by our folks. >> abby: we have a live camera on joint base andrews waiting for president trump and his wifr melania to fly to houston and then louisiana. as a chief police officer, chief of police city of fort worth, texas talk to us about the importance of the presidentiv physically being on the ground there in houston.
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how does that boost the morale, not just to the police officers but everyone that has been surfing the past seven days? >> that's very powerful. we have a president now that obviously wants to be apart ofn. the effort down in houston, wants to see it for himself, i heard earlier interviews about he being a builder and i think he's going to bring a unique set of skills to the problem in houston and to be able to assess things differently. it does promote a sense of pride in our country. it promotes the sort of sense of service and leadership that we need in this time and as i mentioned earlier, it makes us a political.if i this isn't a time to worry about whether we're blue or red or whatever. it's a time to all pitch in in the spirit of what we're doing in texas and solve a problem. >> clayton: texas taught a lot of us a lot of things dr. joel fitzgerald chief of police at fort worth headed to houston thank you for your time and service. >> abby: thank you for all you do. >> i want to again thank every one of the individuals down there especially from my
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department but from other departments around this region that are piling down into theop city of houston to assist on a very very tragic situation. >> abby: it's a great point to make thank you so much for being with us. p we're keeping a close eye on the president and his wife as they are heading there to joint base andrews to take off for houston we'll bring that to you live straight ahead. about healthcare. it's a fight that went on in washington. now they are talking about tax reform. you were president bill clinton's chief of staff. bill clinton was a moderate. he wanted to take the country forward and he wasn't afraid to move across the aisle and get ideas from the right. it feels like the democratic party has been hijacked by bernie sanders, and elizabeth warren. >> i think both parties have been hijacked by the extremes. that's bent problem concerning the parties' ability to work
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together. the extremes have taken over the party base. so they feel to survive they have to cater to their extremes as opposed to working to solve problems. dagen: regulatory reform another one of the trump administration's top priorities. maria bartiromo asked ben bernanke about the importance of reevaluating regulations that were put in place during the financial crisis. >> it's always a good idea to look at regulations. there are a lot of regulations out there. it's always a good idea to look at them and say are they accomplishing what they are supposed to accomplish? can we make them smarter? can we repeal those regulations that are not carrying their weight? and that being said, i think that it's very important that we not forget what a bad experience
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the financial crisis was and how much damage it did to our economy. so a lot of things in dodd flank have the purpose. making sure we don't have a situation like that. so if we try to reduce the regulatory burden on the small institutions that didn't contribute to the crisis so much. maria: one of the issues bankers say is the fact that dodd-frank, some of the rule making didn't hold as much capital. so they weren't learning. >> i don't see that. capital is the best way to make things safe. if they have enough capital they
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can absorb losses without coming close to failing. and incentives are better. if they have capital necessity are investing their own money. they will have incentives to do it bert and be safer. having an adequate level of capital is important. we had our banks get much better capitalized and they are safer and soundser than they were before the crisis. compare us to europe where they had difficulty getting the banks on astounded basi >> pete: we're back this morning here is a live look at joint base andrews with air force one ready to take off. >> clayton: president trump is heading to texas for the second time since the hurricane and this morning where he will be joined by the first lady and they're going to meet with victims of hurricane harvey. >> abby: the president and first lady are set to arrive any moment we'll of course bring that to you as soon as they get there. meanwhile donations are pouring in from across the country for disaster relief in texas but they come with a warning from law enforcement.
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beware of fake charities loan t >> clayton: so how can you make sure your money gets to those in need and not some russian hacker curt the cyber guy joins us now with all these fake websites f e-mails pouring into people soso you say look when you get an e-mail from someone and it looks like it's from the red cross. that's happening. >> history tells us everything. after katrina 4600 fake websites went up, looked completely real and people got suckered right into them. there were two guys arrested who created a fake all vision army s site and in a period of 48 hours collected $60,000 and that money of course did not go to the victims.s.t's it went instead into their pockets but they got busted for it. many people did not get busted so be on the look out right now. >> abby: what should they look out for? >> number one, we get we're on social media. we get e-mails from friends and you go wow i have to click that
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it's so compelling but the fact is don't click from an e-mail at this moment when it relates to a charity. always just type in it. why don't you want to do that? well because it could look very real but it may not be. >> clayton: so change one letter or something and link to a different website? >> oh, they add a name to it, yeah.. >> pete: so you get an e-mail from a friend or what you think is a friend. >> or family. >> pete: and it looks like it's a red cross e-mail, click here to donate. don't do it. delete the e-mail, instead go to red cross.org, the website, type it in yourself go to chrome and launch it and go there yourself and make a donation. >> bingo and never ever ever send cash or there's some cash calls going on right now even from friends who have been suckered into some scam. don't send cash and then watch out for these kind of copycat charities out there that look legitimate, they may have been setup in a hasty way or you know there are people that actually name websites that look
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like charities after all of the hurricanes in a gamble that one will be big and end up like hurricane harvey? >> clayton: be' very already bought it. >> you may look at the history and say that's around and legitimate. it's not so double check all of that and then when it comes to e-mail arriving to you also, what we're seeing is that people are sending around very compelling flood photos that look like oh, my gosh, that neighborhood or that poor dog or poor family.si well, inside that image could be a virus or it could be malware. >> abby: we want to tell our audience we're waiting for the president to arrive at joint base andrews. they have taken off from the white house heading over to joint base andrews to go on air force one. t i do want to point out that its been reported melania trump is wearing snakeskin stilettos so i just want to warn people before that ends up being the top story of the day. >> clayton: wall to wall everyone. >> abby: we'll bring that to you as soon as they get there. >> pete: this website address point and it's pouring down rain there as well so let's talk
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about the url bar that's what it's called at the top the address bar this is very important, because one letter could be different. make sure you look at that url bar right to see if red cross has two r's in it or something? >> look very carefully at the web address and the tail end of the address so we know all about dot com, and dot net and dot other things and a bone aphid non-profit will have .org, and look for that and i'll have all of these tips online if you if you go to the facebook page or fox & friends we'll have it all there for you so you have great ways to use your money, great ways to connect with real families. we all want to help and we just don't want to fall victims. >> abby: it sounds like you have to be more proactive. you got to actually go to the website you know is doing the good like red cross. >> just run it through a check. >> clayton: you've also got some information, phone numbers folks can call to check on this and report fraud as well. >> if you see this we need to know about it. you've got to alert the authorities so natural center
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for disaster fraud hot line is 866-720-5621 the texas attorney general really is on this and is going down not just on the gasoh pumps but gouging but when yourg see this they want to follow the online criminal acts as well. >> abby: really helpful curt thank you so much.me everyone wants to help out right now. >> clayton: coming up on the show new flood fears this morning in houston. more evacuations happening as floodwaters continue to rise. we are live on the ground there, next. >> pete: we continue to cover the president as he moves from marine one to air force one we'll bring it to you soon. up next week that could impact your wallet. the markets are closed for labor day. but later we'll get the beige book, jobless claims, wholesale trade and consumer credit. we are waiting on numbers from barnes & noble and kroger. on the political front congress back in session tuesday. tax reform expected to be the top agenda item.
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that will do it for "wall street week." thanks for watching us. maria bartiromo will be back next week. but first bob massi "property man" tarts right now. >> i'm bob massi. for 35 years, i've been practicing law and living in las vegas, ground zero for the american real-estate crisis. but it wasn't just vegas that was hit hard. lives were destroyed from coast to coast as the economy tanked. now it's a different story. the american dream is back. and nowhere is that more clear than the grand canyon state of arizona. so we headed from the strip to the desert to show you how to explore the new landscape and live the american dream. i'm gonna help real people who are facing some major problems, explain the bold plans that are changing how americans live and take you behind the gates of properties you have to see to believe. at the end of the show,
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