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tv   Cavuto Coast to Coast  FOX Business  March 12, 2018 12:00pm-2:00pm EDT

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stuart: lizzie, favorite story of the day? liz: amazon drones. you asked me to be sport. stuart: go ahead. >> britain may be out of the uk and out of the world cup. stuart: charles payne in for neil. it is yours. >> welcome to "cavuto: coast to coast" i'm charles payne in for neil cavuto. republican rick saccone and democrat conor lamb making final push for pennsylvania. many see the unofficial kickoff for midterms. will the economy be at wind of republican back. let's ask "wall street journal" john bussey, and caitlyn huey burns
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>> last month we added over 300 jobs overall, a portion of that, 61,000 being construction and if you drill down a little bit, the majority of those construction jobs were subcontracting jobs. we're talking about electricians, we're talking about plumbers. these are blue-collar jobs in a blue-collar area that will make a difference between manufacturing jobs, the jobs obama said wasn't coming, they came. within two months we already added over half a million jobs. now i know people like nancy pelosi and others they may be considered crumbs but to the rest of america, that equates to bread on the table, roof on, roof over our head and for many americans hope as we see that participation rate increasing. charles: the construction jobs according to bureau of labor
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statistics pay average $27 an hour. to your point, very high-paying jobs to that part of the blue-collar argument. area of debate plays well in pennsylvania. >> right. that is part of the president's thinking on this, thinking about the politics. this district is very interesting. we've been talking about it as strictly blue-collar district but it includes some suburbs of pittsburgh that are the college-educated traditional republicans. that is important to consider here too. both sides look at this race to see what they glean from it for the midterms. republicans are talking about the way which saccone is a bad candidate but fact this is competitive raise in a place where trump won by 20 points i think will tell us about the environment and also the amount of money that both sides, but particularly republicans are spending on this race, tell you why they want to gain control of the narrative. charles: finally, john, looks
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like republicans won five special elections in a row. there are bumps in the road. some pointing to the atlanta race. not dissimilar a suburban area of highly-educated folks were the deciding factor. in that case they did go for the republican candidate. >> right. we'll see how much the economy plays into this in district 18 and hough the issues around donald trump play into it. for the very reasons you said the have bourbon voter seems -- suburban voter seems energized getting back into action this. is no question a tailwind for the republicans. not just expanding economy in the united states. it is happening globally. companies in the united states are adding workers to feed exports to countries around the world. not only 300,000 new jobs last month, we had 800,000 people rejoin the labor pool. those are numbers to watch. this is going on for nine years. we've had nine years of economic
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expansion, really good jobs numbers for several years, all of that plays well for a republican candidate in the field. charles: yet, kathy, still relatively close in the polls. many people calling it a toss-up. what would you attribute that to. >> polls and progressives. i would have thought in 2016 we would have gotten enough of the polls. that is generally how they have been winning whether with polls or whether winning with some kind of scandal that they can conjure up but at the end of the day there will be some democrats who will vote strictly democrat. they're being fueled by just pure hate of this president, not because the democratic party is offering them anything of substance beyond racism, russia, russia, and pandering to illegals in order to get their votes. what really is a democratic party running for? charles: you know as much as i think that the way it has been framed to your point, the way it is set up for president trump the headlines on wednesday will say he lost, even if saccone wins because it will be a thin
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margin. i think both men are running on gop republican platforms. lamb distanced himself from pelosi. what about the notion we could see a sea change? former blue state, rust belt blue-collar worker may become red states? that is another part of the scenario no one is talking about? >> after 2016 the maps have been changing. it is important to draw a distinction between the house map this year and senate map. they are very different geographic and demographic. democrats see growth potential in places like texas, even though it's a long shot, arizona, nevada, and places like pennsylvania, wisconsin, michigan we saw in 2016 is turned over to the republican side. what i'm watching for in this particular race to see what we can get out of it for the midterms is the level of enthusiasm among democrats but also whether those voters who have supported trump cross over and support lamb? as you mentioned lamb is running
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as conservative democrat. he embraced the tariffs the president proposed. he has been progun and those sorts of things, trying to walk that line but what is also interesting that republicans want to run on the economy, no question but you're seeing in some of these races a leaning into the cultural issues on both sides but republicans as well. you saw that in the trump rally. as much as he wants to talk about the economy he is trying to play up the cultural issues that get his base turned out. charles: lamb, john, he is pretty adamant i am not a pelosi democrat. >> as he said, sometimes seems like two republicans are running. he is pretty much a conservative democrat on a lot of issues but back to the sea change question thaw asked, there are a couple, there is economic sea change, there is political sea change that could of effect not just the selection but going into 2018. what happens with the trade discussion? yay, tariffs play well to a certain part of pennsylvania but let's say that this get going
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but we end up with tit-for-tat trade war with allies abroad, with other trading partners and china. that could have cooling effect on the economy that could be a bad narrative going into the 2018 elections. hard to slow this economy down right now, but it could be kind of mitigating factor. charles: irony of that statement though, is that the only reason we didn't have 3% growth in the fourth quarter last year was trade. all four elements of gdp growth, the other three were phenomenal, particularly domestic consumption, things like that. the only thing killing us is the trade deficit getting larger and larger. i poll folks on my own, twitter, social media, they understand economics more than i think experts give them credit for they say they're willing to pay more initially if we bring back the manufacturing plants, if we turn on the steel plants, they understand the idea that, hey, we take a short-term hit but we
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want long-term economic independence. >> companies make economic decisions based on their own needs. if they see something brewing that kind of, that might affect their sales abroad or relationships with trading partners abroad they may curtail investment here. these are midterm decisions on basis of companies part. this is confidence level. will they invest if they see the trade picture darken. charles: cathy, the experts, punditry class if you will, underestimate how fed up people are and how much they are willing, equating to buy war bond, will not get paid for 30 years, but getting out of patriotic feeling that it has to be done. >> everyone wants free trade but it is not fair trade. up to this point donald trump has faltered very little if at all when it comes to the policies he is implementing. they're translating into a boom. people can feel it in their
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pocket as well as in their heart and i think, you, one would think again, that, that the elitist class would have picked up on this when they lost so horribly in 2016. charles: then they wouldn't be elitist class. too close to call but if democrats win republicans will be scrambling and does that change anything on the drawing board in the white house? >> certainly for the white house. preparing for difficult election year, given in history for the party in power it will be. what is interesting the pennsylvania lines will be redrawn. charles: sure. >> this district may not even exist. so the fact that may not even exist later, the fact -- fact that both party, particularly republicans are dumping so much money into this show how important it is for each side to control the narrative heading into the midterms. charles: thank you all very much. great discussion, we appreciate it.
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>> thank you. charles: moments away from president trump hosting the houston astros for the 2017 world series win. we'll bring it to you once it happens. meanwhile the president releasing his school safety plan. blake burman live at the white house with the latest. blake. reporter: charles, you were remember there were many public on-camera listening sessions president trump was in, the immediate aftermath of stoneman douglas shooting, four of them in fact the president took ideas and floated some ideas of his own how to exactly keep schools safe. this rollout, this unveil today, essentially much more subdued than that. the administration just sort of rolling out there exactly what the president believes in and what they are calling for going forward and what is notable is, what is in the president's framework and what is not in his framework. the president continues to call for hardening of our schools as he puts it. he wants to see grants from the department of justice that will help states with funding to
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train armed personnel in schools. he is asking states to pass risk protection orders that would allow temporary removal of guns from someone deemed a threat. he calling on contest to pass a expanded background check bill and full audit of the fbi tip line. however the president is not weighing in whether or not the age for certain gun purchases should be bumped up to 21 years old. instead calling for a commission to look at that issue. the president tweeting out why earlier this morning, writing quote, on 18 to 21 age limits, watching court cases and rulings before acting. states are making this decision. things are moving rapidly on this, but not much political support to put it mildly. here is the education secretary betsy devos earlier today. >> well, everything is on the table. part of the job of this commission will be to study that and see if that is advanced ultimately as a recommendation in next steps. the point being there are many
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steps to be taken now. and additional steps that will be taken down the road as we do the work of the commission. reporter: democrats say this does not to far enough. for example, chuck schumer saying in a statement, quote, the white house has taken tiny baby steps designed not to upset the nra, when the gun violence epidemic in this country demand that giant steps be taken. democrats in the senate will push to go further including passing universal background checks, actual federal legislation on protection orders and debate on banning assault weapons. charles? charles: blake burman, thank you very, very much. president trump's tariffs are facing growing opposition not just from abroad but from d.c. the latest on efforts to block him after this. don't forget to watch my show, "making money." i will have latest developments on latest stories and of course how to make some money, 6:00 p.m. eastern here on fox business.
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charles: president trump facing more tariff backlash. now with some lawmakers considering legislation to actually block them. adam shapiro is on capitol hill with the latest. adam. reporter: charles, that legislation was introduced last year by senator mike lee from utah. it would give congress the authority to override the
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president on issues such as tariffs and also the negotiations regarding nafta but get to the tariffs. because senator jeff flake from arizona who on thursday became a cosponsor of mike lee's bill to give congress the final authority on tariffs and you had senator flake actually saying that the tariffs are, so-called flexible tariffs are a marriage of two lethal poisons to economic growth, protectionism, and uncertainty. he went on to say trade wars are not won but they are only lost. congress should not be complicit with this. whether they get that legislation to move forward is another issue. if it were to pass in the senate. it would have to go to the house. would have to pass there. the president would have to sign it. he would most likely veto it which would require an override by congress. looks as if this legislation is on a fast track to nowhere. here is what kevin mccarthy, the republican leader in the house had to say about what's happening with tariffs. >> remember, he put exemptions in there and what the president is talking about is not
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something new, he has been talking about for quite some time and what he is saying here i'm concerned about china. they produce 59% of all the steel, 53% of all the aluminum and they're subsidizing it. he what he did he gave exemptions for canada, mexico, our allies. what he is trying to do is focus on china. reporter: charles, if you want to wrap this up, keep in mind, leadership, paul ryan, mitch mcconnell, not exactly thrilled about the tariffs would like a more targeted steam lined tariff at offender china but they don't support what the president has done there is no effort by leadership to bring mike lee's bill on the floor of the senate or comparable bill in the house. other issue, democrats are in favor of tariffs. sherrod brown of ohio came out in favor of the tariffs, and elizabeth warren over the weekend was in favor of supporting american workers in the steel and aluminum industry.
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back to you. charles: thank you very much, adam. we have republican congressman robert pittenger who supports the president's tariffs. thank you for joining us. so many republican colleagues on both sides of the aisle had a amazing knee-jerk reaction, to the point it is to me really confusing. we all know about 1930 and smoot-hawley. that was 20,000 items at the end of a 10-year economic excess around the world, after the major crash in the stock market and now we're talking about a targeted deal, when does americans stand up for the american worker? when do we figure out at this rate we'll ultimately have no steelmaking capacity and no manufacturing capacity and that is supposed to be utopia? >> yes, sir. i support the president. we had probably the first time in our history a businessman with the capacity to be a negotiator, unprecedented. you know we had predatory trade practices from our mercantile
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adversaries for several decades and the president says, now is the time to bring fairness to the process. so, i respect his process. i respect what he is doing. we need to have a fair playing ground. our competitors have not entered the arena in the same level as us, when china entered into the wto. we assumed they would have market-driven trade practices and we just haven't seen that. charles: and isn't it true the wto is almost a toothless organization? we have all of these, we go there and takes years of adjudication. then cure usually lasts one or two years, we're back at it once again. it is vicious, laughable circle except we're losing jobs along the way. >> yes, sir. we've got a company in charlotte, charlotte pipe and foundry. they are a remarkable company. they have six plants, 1400 employees and there's a chinese company that has stolen their
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name. they make cast iron plumbing and, they stole their name. they produced products, even use their own business cards. it has taken years to process this out to get adjudication through the process. charles: what if with your colleagues that the knee-jerk reaction is somehow this will, send us into a great depression. also understanding that you know, so-called trade war, if we do have a trade war, where is china going to sell the $505 billion worth of stuff they sold us last year? where is the alternative market? >> yes, sir, yes, sir. we have 568 billion-dollar trade deficit, 365 billion of that with china. so, people talk about the cost to the american economy. average car, $36,000 car that cost may go up $160. a can of beer cost goes up about a penny. let's not overplay the hand in terms of cost to the american consumer. charles: yeah. >> let i think we need to let trump be trump.
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he is in a great negotiator. we're in a process. let the man play out his hand. he has been second guessed so many times. people doubted his interests, his objectives. they called him out about the muslims when he campaigned. never would be able to work the muslim world because he called out muslim terrorists part of the muslim world. 55 countries came to riyadh, muslim and arab countries to meet with him at that time. i trust the president's judgment. i trust where he is going. he will do the right thing for the american people. charles: without a doubt the saudi arabia trip was a roaring success, the tax cuts have been a roaring success. i ask you before you go, have you spoken with folks around your district, they are not dumb. punditry class is not dumb. they see this is a slight increase in goods. they tell me hey, i'm willing to do that if we training the course of things, rebuild
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manufacturing and other capabilities in this country? >> yes, sir, they do recognize it. they see china doesn't play fair. if you want to do business in china, term of reciprocity you have to give over your intellectual property. that is not right. the american people want fairness. they see through all of this. throughout my district they support the president. charles: yes, sir. thank you very much for coming on. and i think, you're right i think we're on to something here that a lot of people will be surprised when it is all said and done, it was another stroke of genius. >> absolutely. charles: chinese officials abolishing presidential term limits. how will that affect the north korean trade talks with the u.s.? after this. ght exhilarating. see for yourself why chevrolet is the most awarded and fastest growing brand, the last four years overall.
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♪ charles: well, it is official. the chinese government voting to give xi xinping more power, abolishing presidential term
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limits. as north korean talks are about to be held. secretary of state rex tillerson says several steps need to be taken before north korean talks are held. we have former secretary of army van hipp, what this means for us. van, exciting things on one hand. we can call them, emperor xi xinping. on other hand we may be on verge of historic talks that no one thought could ever happen. >> yeah. president xi, what happened with the doing away with two-term limit, i'm not surprised, charles. that was set in motion in october when the communist party convention in october. he elevated to mao tse-tung. he is the man in china. president xi understands and i understand president trump had a good call on friday. he realize this is president, exercising american leadership
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enabled this to occur. it is american leadership and a president who actually dealt with the problem. that is why we're having this meeting. charles: by the same token, north korea has always been something of a hedge for china. i think china has been able to escape harsher, harsher relationship with the trump administration because of their role in trying to bring north korea to the peace table. does this, does this make them more willing to help push for peace, or do they really, would it be better for china to have north korea remain a wild card? >> it is high-stakes poker. kim jong-un has been much more unpredictable than his grandfather and his father. i do think it's a good move by the south koreans today to have their national security director in china, praising china for actually leaning on kim jong-un to actually make denuclearization the centerpiece of these talks. so i think, to this point we're doing the right thing but i think these next few day, charles, are absolutely
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critical. we have got to set the tone and set the stage for that meeting. denuclearization is the goal, that is the purpose of the meeting, let's go ahead and articulate some of the principles we have to address to achieve that let's set the stage. the bold moves this country makes over next week or so i think will go a long ways to determining whether or in the this president can have a chance, have a shot to close the biggest deal of all time. charles: before i let you go, van, to close that deal north korea would need something amazing i don't quite know what it would be. the nukes are the only currency. they have no other currency in the world. kim jong-un himself pointed to the fall of dictators like saddam hussein, saying the wild card for them that they didn't possess nukes? >> rest assured this president will not give kim jong-un is -- $150 billion to play nice. kim knows this president is very
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different and military option is real and that what brought him to this point. charles: van, good to see you. >> thank you. charles: president trump is going to california tomorrow to view border wall prototypes. deirdre bolton in washington. >> president said he would do a brief tour of eight prototypes for a wall. they have actually been constructed. he says he needs the wall to be there to stop the flow of immigrants or drugs from mexico into the u.s. some say the president really sees building this wall as so important because it would fulfill a campaign promise he made in 2016. the prospect of who pays for the structure has been a huge source of contention. this weekend when president trump was in moon township, pennsylvania, he reject ad demand from the mexican president when they spoke on the phone a month ago. apparently the mexican president wanted president trump to publicly acknowledge that mexico
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is not paying for the well. president trump said no way i'm making that deal. many in california oppose spending $22 on a physical wall, even if you want to spend the money, fight the drug flow, immigration flow, there are more efficient ways to spend that money. the timing of the president's visit particularly key. you recall last week, ag jeff sessions announcing he is suing the state over immigration enforcement. democratic governor jerry brown is quiet on whether or not he will meet with president trump. last week president trump -- governor brown declared that president trump was declaring war. president will attend a fancy fund-raiser in beverly hills. charles: why spent 22 billion on a wall when you can spend it on a high-speed train to know where. we're waiting for president trump coming out with the houston astros. everyone is getting ready.
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we'll break in more later in the hour.
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charles: president trump hosting the 2017 world series champs, the houston astros. >> i am thrilled to be here and welcome to the white house. the 2017 world series champion, the houston astros, and what a team, because i watched our yankees and the yankees were good and they were tough. they were about as tough as anybody but you guys were just a little bit tougher. so congratulations. [cheers and applause] it was, game 7 of the world series was one of the greatest baseball games anybody has ever seen. tremendous for the sport and it is really a reminder why baseball is our national pastime thank you to energy secretary rick perry and -- we love rick, right? did i do the right job with rick? [applause] i think we did the right job, right, john?
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that is john cornyn. you know john, your great senator. is that ted cruz? ted cruz is right there. you're well-represented today here. i do want to thank senator cornyn, senator cruz, representative kevin brady. where's kevin? kevin, are we going for additional tax cut, i understand? he is the king of those tax cuts. we're going to do a phase two. i'm hearing that. you hear that, john and ted? phase two. we're actually very serious about that, kevin. so it is god. kevin brady is a spectacular person and really incredible job with the tax cuts. to all of the members of the texas congressional delegation thank you very much. a delegation of great people. thank you very much. it's a big dell -- delegation. you all show up for the astros. president reed ryan, skipper aj hundred much.
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become very famous. a.j., that was a great job of skippering. and all the players and staff congratulations on your incredible victory. it was indeed. after the devastating hurricane harvey incredible that what, with what you went through, you're the champions with what you went through with harvey. it is really befitting tribute. what was really a show of world spirit around houston strong. you were houston strong. i also want to thank some of the heroes of hurricane harvey who join us today, including members of the incredible "cajun navy," right here, these guys. [cheers and applause] right. john, thank you. john, john bridgers, ben husser.
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ref lend lewis husser. was praying for me. thank you, that is always nice. it helps. lewis husser, that is your boy, your son, great. billy brenigar, john able and daniel richardson. "cajun navy," thank you very much for being here. [applause] jim mackvale. known as the mattress mac. i met him early on in the campaign. where is jim? [cheers and applause] i met him early in the campaign. i think you stayed with me, huh? you were right there, jim. i met him early. he liked me. i liked him. mattress mack, what a great job you've done. sell a lot of mattresses after today. knows what he is doing. he knows what he is doesthank you very much, jim. when harvey struck, jim, "mattress mack," opened the doors to his furniture store and
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provided food and shelter to hundreds and hundreds of people. when the astros made it to the world series he paid to send first-responders of hurricane harvey to game 6 in los angeles. man, he is a real texas guy, not just houston, texas, right? [applause] and i want to thank every member of the astros team who spent time with those displaced in shelters. you held food and supply drives all over texas and beyond and gave millions and millions of dollars of your salaries. i know you have done pretty damn well. you will be do better. boy, i would like to be your agent, huh? i want to be your agent. look at jim, he doesn't find that funny at all. [laughter] when marie craw -- maria ravaged puerto rico weeks later, they
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doubled theirs is stance and many went there to help. really great. our administration will continue to stand by the people of texas, florida, puerte rico, alabama, some other places were affected and we're standing by all of them. texas was incredible the way they recovered. you had a a devastating hurricane. i never seen anything like it. it went in, thought it was gone and got more water. in out, in out, three times. never been anything like it we've seen. from the standpoint of water, not even close. there has never been anything so bad, and yet you recovered so incredibly well. i was there, very shortly after. some of the streets that were six feet high in water, you could hardly notice, that they were affected. one case a man was actually cutting his lawn. i said the lawn is pretty wet, isn't it? he wanted to cut it anyway. look who we have, louie gohmert.
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louie. tell you what a good congressman. what a good job. thank you, louie, for being here. the astros victory for the ages was truly a team effort and that is true. everyone contributed. everyone made critical plays. everybody helped deliver the championship. very few errors on that team. the astros have had an incredible progression in recent years. not so long ago i would watch, i'm a big baseball fan, the team was not a good team. maybe it was a good team, but wasn't doing very well but what you did this year is incredible, putting it all together. it's a testament. really a true testament to the entire organization and your many loyal fans. you have great fans. texas is an amazing place. great fans. [applause] tough stuff, winning the world series required years of evident, faith in your vision and an unwaivering will to
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succeed. and now, what happens a lot of types is you get a little complacent and, bad things happen. i don't think that will happen to this team. no complacency, fellows? just forget about last year, right? put it down as a great memory. no complacency. how about george springer, the most valuable player of the world series? where's george? where's george? [applause] [inaudible] so let's see, george hit five homers, that's a lost -- lot of homers. only the third player ever to do so in history. that's pretty great. way to go, george. who could forget the amazing jose altuve? [cheers and applause]
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much taller than i thought. [laughter] unbelievable. that is a hell of a team. congratulations, jose. what you have done is incredible. the american league mvp is a true fan favorite. he led his team in hits and set a new career-high with a .346 batting average. .346, wow, that's good. and i sat next to musial about 10 years ago before he passed away, and he was doing the circuit and i think he said, he played for 22 years, and his batting average was .333. he was never the happiest person because he figured he missed out. what a great guy, stan the man.
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22 years, .333 battings average. that's good. for this year you beat him. right? that's great. that's great. do it for another 22 years. [applause] el do it. dallas keuchel and charlie morton, both won 14 games during the regular season. they were tough. brad peacock was very close behind. fellows, congratulations, great job, great job. brad, great job. [applause] and of course the lights out pitching of justin verlander. [cheers and applause] so i know justin. justin is a friend of mine. justin and i played golf. i am a pretty long hitter. this guy, he is a monster. [laughter]. and he said he is a two or three handicap, but believe me he is much better than that. he is plus two or plus three. we love playing.
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it is really great. he wants to get back to pitching. i think he will have a fantastic year. good luck, justin. congratulations on the win. [applause] pretty amazing if you're a baseball fan, justin delivered four wins and 3 8 strikeouts in six playoff appearances. when you think about it, that is big stuff. to all the players and managers of houston astros, thank you for being true champions off and on the field. it truly exemplifies what greatness is all about. you work hard, strive to be the best and you won really big. credit to players here today, astros leadership, millions of loyal fans and in houston, texas, and you have a lot of fans beyond texas. the guy, new york guy, i don't think he ever left the city and likes the houston astros. i said, how does that work? he likes the team, he likes what
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you represent and the unbreakable spirit. you really do, it is an unbreakable spirit of the great state of texas. congratulations again. with the opening day soon upon us, what is opening day? 2 1/2 weeks? are you nervous? not even a little. [laughter]. nobody nervous? good. well you want to be a little bit nervous maybe, but you will do, you will have a great year. they say the team is maybe even stronger. so that is pretty good. so with the opening day coming soon i just wish everybody a really phenomenal season, a healthy season. you're going to go out there, you're going to do great. you're expected to do very well. a lot of people are predicting you could do it again. i say god bless you, god bless texas and god bless america. thank you very much. [applause]
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and now, i'd like to invite my friend, jim crain, the owner of the houston astros up to say a few words, terrific guy. charles: that was president trump having some fun with the world series champs, the houston astros of course. meanwhile, the economy, making some big wins on its own. investors loving all the great numbers, including friday's jobs numbers. debating how good things are, and how many rate hikes we could actually have this year. to market watchers brad friedlander and heather zumarriaga. heather, let me start with you. friday was goldilocks jobs report. it was strong but not too strong with respect to wages. it was goldilocks on steroid. it was really the ultimate report. we saw the market up big time but how long can it go on? >> i can't imagine what goldilocks on steroid might look like. maybe you can draw me a picture of the later. charles: friday's session,
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friday's session. that's it. >> friday's session, that's right. investors are cheering on this market right now. knot too hot, not too cold, right? that is mainly within the jobs report of add 313,000 on friday, which is the best month in two years we've had, wage growth is only 2.6%. great we have wages heading higher, not a rapid pace, so rapidthat the federal reserve will raise rates which again the markets love the cheap, easy money. we'll keep getting cheap, easy money supplied. at least for the short term, until we have some inflation scares. that just might not be there right now. charles: so, brad, can the market, accept the idea of fed raising rates even four types as long as the economy and the economic data continues to come in the way it has been coming in. >> it certainly looked that way at some point.
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a few weeks ago we potentially saw four rate hikes this year. it has come down a bit. the markets i still think though are reading into perceived hawkishness from powell that i think over time we'll realize that is more bullishness as far as the u.s. economy is concerned, optimism, rather than necessarily the fed's current assessment of the economy and last friday's numbers fed right into that. it can work quite well for investors. we may see two fed hikes, higher possibility than four this year. charles: wow, that is something amazing. guys we have to cut it short unfortunately because president trump was having a lot of fun in d.c. meanwhile liz warren knocking down 2020 speculation, amid speculation that joe biden is getting ready to run. we'll break it all down for you right after this. mom you called?
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charles: well, elizabeth warren saying she is not running for president. this amid reports that joe biden is preparing for a 2020 run. so where do the democrats go from here? campus reform.org editor-in-chief, lawrence jones and democratic strategist richard fowler. richard, democrats, joe biden or someone new in the mix. >> i'm a big joe biden fan but i
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think it is way too early who will be front-runner in the campaign. i think we have to get to the midterm elections. that is what democrats are focused on now. taking back the house and united states senate and picking up a lot of governors mansions and state legislatures. after that we'll start focusing on 2020. charles: i don't know, lawrence, seems like both parties focus non-stop and don't stop. the democrats are in a bind because you have the new guard, kamala harris wants to pick up the bernie sanders mantle, elizabeth warren mantle, either way seems like the party will be pulled further to the left. >> seems like a common theme with the democratic party and seems to be growing because the progressive wing of the party is pushing more reasonable candidates to the left. when you have people going after senator feinstein saying she is not liberal enough, i think for most conservatives we would think she is pretty liberal. that is where the party is
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going. i do believe that joe biden has the potential of bringing the party back to its roots where it was concerned more of american people and their wages and bringing jobs back to the country whereas now the democratic party seems to be, richard, focused on identity politics and things that don't affect the american people on the daily basis. >> i don't know if that is true. look at two races we recently won. look at governor's race in virginia and look at senate race in alabama. both of those cases we ran candidates fit the state and understood policies of that state. they weren't left or right. the right candidate for those states. they both won the races. charles: special election, richard, you have to pick one candidate. >> i agree. charles: there is push pull going on in your party right now. >> i disagree with that i think what our party are talking about are kitchen table issues. if we decide to run a candidate like joe biden, joe biden will have a conversation how we make ends meet for working families,
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right? charles: >> what about taxes, richard? no democrat voted for tax proposal. leader nancy pelosi calling it crumbs. when you have average day americans living paycheck to paycheck, i mean, tax reform is something that is big for them. i don't understand how your party will be able to communicate that to the american people. >> i'll answer that i think reason why democrats voted against this tax cut bill is because it didn't go far enough. it left all the loopholes in the previous tax code open. what democrats are saying we're willing to cut taxes. barack obama, had biggest middle class tax cut in american history. we're willing to have conversation about cutting taxes. we're willing to lower the corporate tax rate, in exchange we have to close some loopholes that continue to exist allow hedge fund managers to walk away with billions of dollars. charles: let me jump in. i hear what you're saying. not only democrats vote for it, but nancy pelosi is dissing it every single day. you got a guy running tomorrow.
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good chance at winning. he is distancing himself from nancy pelosi. >> i'm not going to defend everything nancy pelosi says either. but i think there is larger conversation to say democrats are against tax cuts is just wrong. >> they didn't vote for it. >> it was a bad bill. charles: guys got to leave it there. not a bad bill for whole lot of millions of americans. >> it wasn't a bad bill for watch street hedge fund managers. charles: thank you very much. midterms elections are kicking off tomorrow. pennsylvania vote. economy should give the gop a boost. will it? we'll be right back. ades to give investors even more value. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be.
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now it's time to make yours. ♪ everything is working, just like it should ♪ charles: welcome to "cavuto: coast-to-coast." i am charles payne and for neil cavuto. president trump endorsing pennsylvania candidate rick saccone and we didn't support today. ad sales reporting privately time has been trashing him with the president with his son, donald trump junior. this weekend i'm true to life committee made his own endorsement of trumps terror plan. take a listen. >> are steelworkers compete with anyone in the world as long as the playing field is level, but that plainfield has been slanted. president trump is trying to restore some balance to the playing field here and i want to help him. i'm ready to be his wing man and help him implement the agenda. charles: daily color editorial
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there, president trump reporting we think saccone with a scuttlebutt within the party itself. >> is not one to hide his feelings. he often talks to people around him and says things like this beauty think about a guy like saccone come that tariffs the president's endorsement became an important time for him because in this raise, every poll, the people we have has a tossup suggesting that president trump stamp of approval may push him over the edge and get the victory. the white house thinks that because they don't want a black eye of having lost a race he's trying to push over in a district trump won by 20 points for the fact that they tossup as sending warning letters to both parties. charles: vince, what is the deficiency with this candidate? is it the charisma of the other candidate and the fact that they close their eyes and look what their platforms where, you would
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think they both were republicans. >> that's right. i think the conservatism of the republican candidate, in this case saccone is blunted by conor lamb who is pro-gun, antiabortion personally although he's not telling people how they should go. he is also running against nancy pelosi fairly explicitly. a combination of those things makes him an interesting democrat in one but is looking within spitting distance right now winning the election. so if tomorrow the democrat wins, if conor lamb wins, look for democrats to seize the future in 2018. there's a lot of map this suggests it will do well, but to look at this race is a belt on train bellwethers to suggest the democratic party needs to rapidly become far much left wing. across the country they are looking for something very different than the resistance candidate.
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>> the mainstream media will frame it that way just like doug schoen says they never talked about dow jones opponent been a certainly a flawed candidate. in this case they won't articulate what you just did. so the way it will look to the media and to most folks who are apolitical or observers is that president trump and the republicans took a serious loss there. >> well, money or not, look at president trump. conventional politics does require a lot of money and this is an area where conor lamb is winning in a five to one margin. he's celebrating hamm five celebrating hamm fired a one pair that a substantial pair broke republicans are saying behind closed doors is an anti-roe candidates capable of bringing in fund-raising dollars. if they can't do that, they said as a candidate because you have to convey the message you are serious. this is still weaker country. conor lamb is supported, but
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rick saccone has a real chance to blunt that by emphasizing the terrace pushed over the past week. >> no matter who wins comments a great trump loss because the saccone's margin of victory is certainly smaller than the 20 points president trump won by. how do republicans leverage the potential when that took a lot of outside gop money and president trump themselves to get done? >> whenever you're struggling, that's a good thing in politics. this is why campaign say they are underperforming when they are performing better internally. they want fun raising money to push them over the top. republicans need to use whatever warning signs they see as an advantage to convince donors you want to get us over the top, donate money. if conor lamb wins this thing, nancy pelosi is the thing to run against. her personality come her saying workers are merely getting crumbs and their bills and stuff
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the republicans should run against. even candidates in around party are suggesting she's the type of thing republicans can take advantage of it charles: thank you very much, appreciate it. could the economy be the wind at the backs of republicans. policy advisor for america's first policies and author of the capitalists of the capitalist comeback and a poster is with us. nice seeing you. >> good to be here, charles. charles: let's start with the economy. the jobs report was mind-boggling. out of the dozens, for fired a dozen wall street firms come in 313,000 was more than any had imagined. not a single one on wall street could it be that good and yet it was. >> which. >> what she really sized people coming back into the labor market. the labor participation rate going up was a spectacular move. they haven't been over 63% for something like 44, 45 months. when president obama came to office with a 65.7%.
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the president can get the labor participation rate over 63% and bring people back into the labor market. they've got tremendous optimism, business up and his son, consumer, business investing creating jobs and driving people back on the sidelines and soon will drive wages. really the economy and the trump group, doing spectacular. >> this is what the fed can engineer. the virtuous cycle where to your point success people coming in the job market, they make more, need more workers. i mean, now it's begun. >> uni and neil have been talking about this throughout the obama presidency. this isn't rocket science. you can get people working, the government can do with more programs, more taxes, work regulations. you have to let the private sector do it. as it makes america exceptional and it will produce as long as
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we don't stymie it. charles: what could stymie it at this point? i know the stock market has concerns about running off the balance sheet, which they are no man's land for being just too aggressive with rate hikes. from an industry perspective, what could we see right now? >> if we had a foreign engagement, president trump once again everyone said don't do it, you are doing this wrong with a negotiating position. if something very strange happened with these terrace and i don't see that happening, i don't see a trade war. we are the world's biggest customer. the one thing you don't want to do is offend your biggest customers. tree into why all these economic theorists out there scaring the heck out of people saying mrs. in 1930, this is a couple things egregiously dumped around the world.
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since the year 2000, they will always be ultra mistake. once we have no steel mills, the price goes up. >> number one the price goes up. number two, pleaded to the point where we can produce steel or aluminum if we are involved into a one time. if something happens in asia and something happens in the middle east that requires our involvement and we are in steel production and they say maybe we're not going to give you it. we can never be in that position. reelected donald trump because it would protect the national interest paid is they're trying to protect this country and we need to back him up on it. nobody wants a trade war. nobody wants tariffs. nobody's going to do a smoot-hawley dead. what is wrong with negotiating better deals? charles: to your point, china sold as $500 billion worth of stuff last year. let's call their bluff for once.
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>> they are talking about trying to help us reduce the trade deficit of 100 billion. they are talking about not having such an export dependent country. that is the chinese trying to save face. they want to negotiate with the president and get something that doesn't damage the economy and they will. that is what's going to happen. charles: when the tariffs are brought up, expedited if you will, deary cohn. and one of the name says andy puzder. as this one of the things you would consider? >> of the president not you deserve, you serve. i came from a very working class background scooping i.c.e. cream at baskin robbins and work my way up to run an international restaurant company. there isn't another country in the world were working-class kid like me could have done that. the president asks, you serve. i'm perfectly happy trying to defend him from the private sector. i've got the book coming out in
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april and which will discuss capitalism and the forces that oppose to the president. i want to get that message out there and i can do that from the air. it would be an honor to be in this administration. charles: is there a name you like her person that would be great for the job? >> i like most of the people recommended. larry kudlow is a friend. i know chris lavalle. he would do a great job. there are a lot of good people who can do this. i can't say i have a personal favorite. peter navarro -- peter has really elevated himself. he would be very good. charles: he is not a globalist. a lot of people think someone who understands wall street and the international institute knowing president trump would hedge their employment or a sad time over? is it time to focus on the task at hand?
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>> is president trump won a contrary voice in the room in which case he would pick somebody else. if you want somebody that will support its current policy initiatives, peter has been involved in not. chris liddell has been in the white house since the president took office and he'd be spectacular as well. larry has been helping with everything going on. charles: andy, we can't wait to check out the book. >> pleasure to be here. charles: lawmakers are considering blocking president trump terrorist plan. the backlash coming up your tune into my shell, making money. i will explain this to where you can actually make some money. we are in the cusp of a major breakout. 6:00 a.m. on fox business. mom, dad, can we talk?
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>> the republican senate push to nullify the terrace. we do not support that. i don't think i would even pass. section 232, we have to have both committees of the house and senate pass it. you can get vetoed by the president and override it. charles: house majority leader kevin mccarthy sent a message to congressional republicans seeking to buy president trump sterrett speared reaction from former reagan economic adviser art laffer. how should these terrace be
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implemented? >> well, i don't think they should be implemented very much. i think they are basically a negotiation stance for the president to allow him to renegotiate nafta and the other treaties especially with europe as europe is awful on this stuff. nafta needs to be renegotiated badly. i think this is his ace in the hole to threaten tariffs to get them to come up to the table and make a fair or even trade deal we really need badly. charles: does it hurt his negotiations to have so many republicans and establishment republicans screaming at the top of their voices that this is going to start a trade war almost the same way that we would lose a trade war or that other countries have. >> he's been criticized by everyone on so many policies. he has not buckled under any of them and has been the most successful president i've ever seen in the most successful
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president ever in the first four years of office let alone the first year and a half. it's just amazing how well he's done with so much opposition from democrats, republicans, everyone. he's masterfully handed all of these most cushy issues and policies and honestly i'm a free trader and i don't want to see terrace, but i don't see the president mind threatening tariffs to get better deals. i was very involved in ppp. they come off the table of the serious negotiations that should've been done. for example, currency manipulation, all of those were new and discuss. they were pre-decided not to be discussed, which is wrong, wrong and i know nafta is replaced with these problems. >> president trump already instituted the higher tariffs out of canada, so i think the negotiating partners know to your point he means business. even if it means knowing the threat is out there.
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i think they take him a lot more seriously than a lot of folks in d.c. do. >> that's the way we wanted to appear with donald trump you don't need to take donald trump literally. but don't be a fool and not taken seriously. he's a very serious person than a phenomenal president in his first year and a half in office. it's amazing how well it's done. charles: i think he negotiates with the businessman sort of thing and to propose the diplomacy school that all these folks go to with rounds of talks that last 15 years. >> and then they negotiate i will be there. the 5000 sign-ups. this guy knows how to negotiate and he knows how to negotiate better than any other businessman as well. it's not just that he is a businessman. he's a successful negotiator and has done a phenomenal job. i am awestruck by him. charles: he's driven some hard bargains in his lifetime. i think we're starting to bear the fruits of those tough
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negotiations. what do you make of it and what does that suggest for the rest of the year? >> i don't want to jinx anything yet, but i thought it was a nice number and friday expect those numbers will be higher six months from now than they are now. the real day that matters is the first tuesday after the second monday in november when we have the election if we have economic growth will have a very successful election. if not we'll have to wait until 2020. by then we should be rock and rolling and i'm very optimistic and i like our side of the isle far better than the other side. democrats are going to be fighting and that's not what they're good at. charles: if it ultimately comes down to wallet and pocketbooks, dems have to figure something out because the regular folks out there are excited about this market and economy. 800,000 people don't enter the jobs market in one month. if they don't think that's the ultimate sign of excitement,
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tell me about it. >> you made this point before. the unemployment rate is so low that there's no more residual for people to come out of the unemployment rolls that is too tight. you made the point that the participation rate is really low and has plenty of room for people who entered the labor force. i remember watching you do that and you are so right on that point in your seen it now. charles: thank you very much. there is room for growth and were getting it. thank you so much. >> thanks, charles. you're the best. charles: north korea remaining silent. what this could mean for the meeting i asked. --ex next. think again. it's time to shake up your lineup. the alerian mlp etf can diversify your equity portfolio and add potential income. bring amlp into the game.
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charles: for a conservative economists, early this month when the white house floated the idea of terrorism in lebanon could the dow jones industrial average started to mark down
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more than 400 points. warnings of doom and gloom when they retaliate with room terrace. nevermind global trade deficits by 566 billion last year. we were led to believe that china has an alternative to its $5 billion in stuff that is sold in 2017 for the e.u. is going to overplay its hand and threaten the $100 billion trade advantage. for me, the best gauge of terrace mania for the stock market, which has seen the knee-jerk loss. more importantly, one of the top products has been the hottest niche in the market. the semiconductor index which has only recently established 18 years ago continuing to soar. keep in mind in january, america exported semiconductor products only second to industrial machinery. the philadelphia semiconductor is at an all-time high. jack otter.
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i know it's emotional and knee-jerk anything worse. do you think it's got a little hand -- out of hand with the whole terrace stuff? >> i would say if we were going to impose the tariffs on our big steel importers, canada, mexico and so forth, that would be really problematic. if nothing else, all of those leaders have their own constituency, especially in an industrial economy, a commodity-based economy like canada. they've got to be tough and play tit-for-tat. as they found of exempting mexico and canada for now, it's really not that big of a tariff that will make sense idea with europeans in south korea and suddenly you're talking about a tiny share of imported steel. charles: but if america doesn't fight back him and e.u. had $171 billion deficit, china over 300 alien. the idea for these countries that they could somehow force us to never get back in negotiator
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take action to me seems far-fetched. when do we fight back as a nation? >> we have to choose our battles very carefully and then we have to do it in the right way. the reason we have to go through the wto is because that system benefits america. we win the vast majority of cases they bring against the wto and then unique among nations we went most of the ones people bring against us. that is a status quo that we do not want to go around by levying tariffs. plus it's important people understand he got tough. that's great. he didn't get tough on behalf of somebody in the rail car business. look at stocks like oshkosh, now to start others, truck makers, cream makers. they got hammered because they are imports are about to go up. more jobs are at stake in companies that use steel. >> we should celebrate the day
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we have zero neighbors. i keep hearing because it is a small industry noted deal. the smaller it gets, the lesser of a big deal it becomes. >> keep in mind if you play your hand and correctly, you save 20, 30,000 steel jobs at the risk of 6.5 million other jobs that use steel as inputs. we should be doing insane okay, do we like canada's prices? do we think that's fair? in the case of china, they have excess capacity. we need to sit down with them, and they don't dump your excess capacity on us. charles: the world has been doing that for a long time. the headline to read the same period in 2000 china went from zero in the 50% market share subsidized good when do we make a sacrifice in this country? input prices go up, that maybe once we've built a couple more manufacturing plants, maybe once or turn on a few more steel plants, the input prices come
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down the wii controller on destiny and create more jobs. what's wrong with that scenario? >> if we were able to build more steel mills, i don't think that's a bad idea. maybe sit down and figure out, for instance, the high quality steel. i don't think in this country we are quite where we need to be in terms of cranking out now. so what would it take to make it profitable for u.s. steel to build another plan? that is a good question. rather than just sort of dropping a bomb on the world and saying we are going to put tariffs on everybody and then pull it back. what do we really believe as a negotiating tactic? we have to take a careful measured approach for figuring this out. the fact that everyone's been talking about this doesn't mean they're doing anything about china. remember, charles: is not the first person is criticized because he did it in a ham-fisted way whenever one else was whining about it.
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jack lew goes over and everyone's complaining about it, but no one ever took action. the chinese never take it seriously or any of the other trade partners i don't think. >> i would disagree with that. trade partners take us very seriously and we had battles over time. bush had a steel tariff because that was pulled back in didn't work very well. i think our trade partners take this very seriously, but they probably say one thing and pulled back and do another is a little bit chaotic. if you want to be taken seriously, you ought to do this speak softly carry a big stick thing and say, stick to our guns. you come up with a very strong policy and then you do not waver from it. one reason you've seen symbolically in the market is because every day there is sort of a new new one. steel prices literally shot up 30%. i spoke to a steel executive who said she was in heaven charging far more. are you hiring more people? no, this isn't going to last
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very long. we are going to hold onto these profits. charles: i really think where we are now, we don't flex their muscles and is the big sticky talk about, will never be able to use it. if we wait too long we won't be in any position. we've got to somehow demand more. i don't know. >> you give examples of semiconductors. we have a fantastic exporting business and i think we are drawing a line here in terms of the takeover of qualcomm. it makes sense to think we want that enhance another country? back to me as a carefully thought out thing. i don't know where that will come down. that to me is an example is we are questioning this and we'll see what happens. charles: great seeing you, buddy. thanks a lot. rex tillerson in nigeria earlier today. >> i think it's a question of the timing of that first meeting
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in the locations and novel take some weeks before to get all that worked out. trade to the former cia agent and author of the new book become a north korean nuclear nightmare, fred flores. is it still coming if we can get to the negotiating table? >> well, hope the title of my book turns out to be long and it's also me talking so early in the day. you know, there is some talk right now about what's going on and they haven't responded to tillerson. president trump has a nonorthodox foreign policy he's thrown out the traditional diplomatic rulebook and i think he took the north koreans by surprise just like everyone else and they are trying to decide exactly how to respond. there's also many questions about how exactly north korea is governed. are they behind the scenes that influence the decision-making. that could account for the fact it could be a definitive answer
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yet. charles: we know of course the grandfather rules and his father and obviously we think that the apple doesn't fall far from the tree. are there any reasons to believe this is not a sort of ploy to buy time for perhaps extract concessions including money and successfully without changing their nuclear ambitions? >> this is a ploy to buy time to the u.s. and other countries to extract concessions. the game was changed by president trump. i think what the president said at the u.n. last fall he was prepared to totally destroy north korea and the president's other warnings i think that the attention of the north koreans. i think there's also questions about kim jong un. we really don't understand him. he did his schooling in switzerland. a western citizen who met with
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kim jong un. and this is in my book, was told by kim that they won't let me do that, concerning a particular foreign policy question. i think there are some unknowns here. i would like to see the summit takes place in seoul, so kim is exposed to south korean culture and prosperity in the south koreans may not lead anywhere, but -- charles: don't you think it's hearty been exposed to it? the olympics face in this because they were able to see the different lifestyles. >> i think that is true. you know, cia director mike pompeo recently said they think he is fairly sheltered and does not have a full understanding of what is going on in the world. i hope he gets exposed to that. i'm not optimistic it will make a difference, but it certainly is another peaceful avenue we can go down before we consider using military force. charles: fred fleitz, thank you as usual. the replacement for gary cohn.
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charlie gasparino on what he is hearing right after this.
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charles: gary cohn leaving the white house. something rumored for a long time. one of the names is andy puzder. is this something you would consider it best? >> of the president ask you to serve, you serve. i came from a very, very working class background, scooping i.c.e. cream at baskin robbins and worked my way through an international restaurant company. a working-class kid like me could have done now. charles: andy puzder reportedly on president trump list of replacements. charlie gasparino, what are you hearing right now? the list is starting to shrink. charlie: i don't know. we should be really hesitates until we get a firm reid. it may come at the end of the day. we don't know. the firm reid yesterday was
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chris little, an automotive executive. everyone reporting he is in the lead in cdc for that name is self-serving because he works at cnbc of larry kudlow, full disclosure great friend of mine, that he is and the lead and the reagan administration, longtime supply-side economists. one of the guys behind it is stephen moore and art laffer. cnbc saying he is in the lead. other names is kevin hassett at the white house command mick mulvaney the budget direct or, the very, very protectionist economist of the white house behind the tariff plan. don't hold seeking, both economists. both i would say the supply-side. don't hold seeking is much more traditional republican conservative economists. if i was to guess, here's the thing. i am friends with larry and i'm
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not going to divulge private conversation, but here's the thing i know without speaking to larry that he would want the job in based on the type of person larry is, that he thinks he could convince trump to back away from protectionism. because larry is an amazing guy and one of the amazing things is he actually conquered addiction and substance addiction and drinking and straighten his life out. because of that, larry is the most optimistic dude you've ever met in your life. everything is really optimistic and he thinks in his heart of hearts that the power of persuasion could convince trump that he should back away from protectionism. i would tell him remember one thing. gary cohn, you're much more conservative. he had to take a loyalty oath to tariffs and amenities that know he was out the door. you got a good cushy dig at cnbc, stay there. charles: i sat at a table with
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larry the catholic event last year and i agree, he's a great guy. but you do wonder because he's been a vocal critic of these tariffs and this is something president trump is not going to be talked out of. >> it's interesting you say that, but he softened by criticism. i have not spoken to him or asked them if you have the job or not. charles: what about navarro? it wasn't long ago where they said he was out. everyone was writing that he was gone, out and now all of a sudden he's the man of the moment. charlie: here's the thing. this is just part of the deal that he is going to demand everything 100% and settle for 10 to get that 10 that he really wants. this is real dealmaking. that is not navarro. he is the 100% guy for that job. that is larry kudlow. he can work in that environment. he is actually softening his opposition to these tariffs the way they are being handled.
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i'm watching this play out in the press and i just know larry wants his job. not because of everything he says, i just know him and he wants the job and he thinks trump is softening. i don't know if this is a softening on trump's part or whatever. he's kind of a cipher when it comes to economic policy. he was mostly a businessman, particularly in the last 25 years. we really don't know where he stands on these issues. obviously during the campaign he ran a protectionist. >> he did in one thing he wants to do receive announced he will run for 2020 wants to go back to the states and say i kept my promise. other names he mentioned were high profile to degree. he's a jared kushner favorite. because now we are not sure where he stands.
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if you are chosen, would that be do not begin to ivanka trump and share it in their power in the white house? >> yeah, i guess so. remember the old days when china was cut off, all these academics to try to discern little moves that china did an announcement of what it meant for the way the country was run. that's almost like what's going on now. we don't know general kelly or a charming master or what their power centers. we don't know how much in or how much out years. it is unclear where the power of the white house's right now. charles: before we wrap it up, want to ask about wall street's reaction. wall street is cool with everyone except navarro and it goes down big-time as saying we've got to write half a dozen books to crush china. he wants a trade war with china.
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he's taught this for the last 20 years. >> he's an articulate spokesman, which i disagree with. charles: would that hurt the street? >> charles, who knows. everyone thought eerie cohn's would lead to massive selloff senate hasn't. i think it's much more interested, even if he gets the job, navarro, what is the policy that comes out? do these tariffs reflect his stamp on it or do they reflect the art of the deal which is asked for the full monty and sell it for a little bit to move forward. is where the markets are. we do $1.5 trillion tax cut coming. that's real policy. the rest is rhetoric and wall street will trade off headlines but at the end of the day its policy. 10, 20. we will see where it goes.
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charles: appreciated. elon musk says they will be ready to send rockets to mars in 2019. is this really possible? we will discuss that when we come back. e here to help me make smart choices? well, with your finances that is. we had nothing to do with that tie. voya. helping you to and through retirement.
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charles: breaking news. two explosions caused by packages in austin today. one killing 18 and another badly injuring a woman in her 70s. authorities believe these deadly blasts are linked to a march 2nd package bomb that killed a 39-year-old man. we'll continue to keep you updated when to get more information. meanwhile, spacex founder elon musk will be ready to send rockets to mars. hillary von with the latest. reporter: hey, charles. he is saying early next year, but even elon musk called an impromptu q&a here at south by southwest admits that may be a little optimistic. >> we are building the first planetary ship right now. i think will do short flights, short up and down flights probably sometime in the first half of next year.
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reporter: the rocket system will be for interplanetary travel and totally reusable. one of these flights will cost less than $6 million. that is cheaper than a falcon one flight. one pesos proof that saved address space travel that only works but it's profitable, he hopes other folks get in the game because he views competition is a good thing for the industry. >> we will have a point to prove, something that other companies and countries can do. they currently don't think it's possible, so if we show them that it is, they will up their game and get the planetary transport as well. reporter: landed on the red planet is just the first step. he says there is a huge opportunity for entrepreneurs once they start colonizing everything from iron foundries to pizza joints.
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charles. charles: hillary coming thank you very much for the question is is it really possible? editor sophia bush right, thank you for joining us. a man going to mars has been a dream for a long time. elon musk is a dreamer who's gotten a few things done. is this something that is getting this close? >> we are not going to be going to mars in 2019. he said his goal was to test his rocket in the first half of 2019 and i would probably be just a short up and down flights, a sort of way to show that it's like a test run to make sure he can take off and land. but even that would be pretty exciting because they have the goal of being the most powerful rocket humans have ever had operational. the biggest was the saturn five, the rocket that took astronauts on the apollo mission, got been to the moon.
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this one would have a greater carrying capacity than the saturn five and would be 100% reusable, which the saturn five wasn't. charles: there's so many other additional complications with such a trip if it were possible, certainly going to the moon. there's other things, adjusting bodies, time, whatever. how long would it take theoretically? >> i mean, musk has wanted to to be in 2019. charles: the trip. >> the trip itself? charles: let's say everything went great and it's 2030 and ready to go. it would take x amount of weeks, days, months whatever. >> i would take months. once you got to mars for a long trip. it wouldn't be worth going unless you had people, presumably stay they are in some people might come back, but it's people who really are ready to go to mars, they are ready to
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become martians. it's a really call a nice place to not look back. charles: he's talked to, choose reinvigorated the idea space travel and we see the reusable rocket landing and we are getting the spectacular launches from cape canaveral and places like that. he's sort of pride and excitement that that was missing for a long time. >> one of his goals is to create something operational, to encourage people to dream big and be really optimistic about the future of humanity. in my office, last month the falcon heavy rocket he launched with tesla into space in the rocket component landed themselves again. that was everyone in the office gathering around computers watching this live stream. it is incredibly exciting. if that is his goal to bring attention to space in a bakery people, he certainly succeeded in not. charles: everyone is socially conscious these days and there
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has to be a social positive component for mankind in the environment. have they been able to make the environment that these trips are worthwhile? it costs a lot of money people question at the end of the day be on the surface atmosphere of it, is there a legitimate reason for these things? >> one thing he said in the event of a catastrophe befall it merits, that heavy human colonies on other planets would allow humanity to survive in some way. frankly, the easiest way to save humanity is to fix problems here on earth, not to colonize. a very hostile planet. another benefit is the private sector in space is growing and last year invested billions of dollars in it. the idea is that you could have maybe tourism flights to space that would be affordable. that type of thing. charles: i've got to tell you,
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sophie coming thank you for coming in. it is exciting. nasdaq with another all-time high driven by tech stocks apple, microsoft at new all-time highs. we will talk about this rally when we come back. . . whoooo.
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charles: well tomorrow president trump will head to california to view a border wall prototypes. this will be his first visit to the state since being elected president. don't forget to catch all all
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fallout from today's big stories. i will help you on my show, "making money" tonight at 6:00 p.m. but now trish regan takes you through the next hour. trish, all yours. trish: the market is lower 114 points. because some investors are getting worried about the tariff situation and they're not comfortable with the president's tariff policy but i'll tell you, they may be overreacting. we had extraordinary stellar jobs report adding 313,000 jobs to the economy. our economy is red hot. stronger than ever. i think we can handle a few tariffs along the long the way. i'm trish regan. wealth come to "the intelligence report." critics say tariffs do more harm than good and republicans are threatening to block them. here is the thing. let's not forget we control the

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