tv Cavuto Coast to Coast FOX Business March 30, 2018 12:00pm-2:00pm EDT
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>> to make eye contact and breathe slowly. easier said than done with the cheater on your shoulder. >> it had jumped on the hood of his car and another one jumped into the back. he chewed up the seats and jumped off. that's a safari. >> favorite video of the day in the week. child's pain is in for neil. >> i mean i have a hard time following that but will try. >> welcome everyone, i am charles payne. fox is on top of a multitude of breaking news stories. another data breach exposing info of millions of my fitness pal users will find out if you are affected. tesla recalling a hundred 23000 model as cars for the company's largest recall yet and why it matters is coming up also a big announcement on
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the border wall expected during the show. our top story, walmart is in early talks to buy health insurer humana. this is to target amazons portfolio push exposing so many implications. we brought in the best and the brightest to break it down. shelby, let me start with you. it's merger mania. these formally unbeatable giants are trying to keep up with amazon. >> the wall street journal broke the spread there's no promise of a merger but it would be a massive deal if it's done and if shareholders and regulators blessed. something that has been raised a little bit is the president going after amazon for having a monopoly. would he take issue with walmart trying to get its hands and 70 different buckets? it sent shares of humana way up yesterday. >> this is the world were living in. i guess the argument is that ultimately, how do you compete
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with these new companies led by amazon. >> a lot cannot. you had 708 retail stores get closed last year. we are losing a lot of stores in retail. walmart has economy of scale. they were the original mom-and-pop killer about 20 years ago. the same talk you hear about amazon, you heard about walmart. another competing against each other. they're going to be huge. it's terrible for retail but it will be great for consumers. they want to get a plan is more affordable than obamacare and this could be good for consumers and bad for retailers. >> i think this whole space is consolidating where we have -- cbs and at not.
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this is the walmart answer to the possibility of amazon, j.p. morgan and berkshire hathaway. they didn't even announce plans. amazon just said we might do this and all the other stocks in the industry went crazy. >> we've seen it over and over again. anytime amazon says are you going to an industry, the stocks get hammered. >> we've also heard target and kroger make it together, kroger was once the largest supermarket chain. it cuts across all industries were everyone is bulking up. >> it may not be a bad thing for consumers. given the fear of trade warren increased prices if we slap tear of sunshine a, maybe these mergers in may more efficient companies could keep prices low. when edna came out they
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said were to pass along this discount we get from generic drug makers to you. i think for consumers there probably like think goodness, this whole system has been clunky and expensive and it's hard to navigate. i know most conservative people don't want single-payer but these private businesses may, in a large way provide the solution that even single-payer people want to have. >> does the fact that you have the sort of mergers being talked about or contemplated add credibility to president trump's concerns about amazon and its size and competitive impediment that it holds? the antitrust legislation is designed to stop monopolies and to your point, we talked about walmart being one but historically we've seen where the government has stepped in when there is just too much of
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a disadvantage for any new company or existing company to continue. >> i don't think that's the case with amazon. i think president trump is making a personal vendetta against the ceo of amazon. there is no reason to go after them. >> what about those companies -- >> amazon growing 25% means they will double and everything they've done in the past 20 years they will do in the next three. this is bad for retail but they're only at 3% of total retail. this is not even close to a monopoly like at&t. they're trying to do the same thing walmart did. you may not like it. >> you feel the same way. >> it's vertical integration. it's not them dominating the entire retail sector, they're getting involved in healthcare
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and groceries in different industries across the board and if you're looking at this and you've seen what amazons done to book prices and retail prices and toilet paper prices, you're probably pretty pumped. >> locally most people know that the supermarket filed for bankruptcy three years ago. in 1946 oh federal judge found a ceo executive criminally liable because they artificially made prices too low. truman wanted to break the company up into seven different companies. in other words, historically we've seen this vertical integration i in and the dominance, they had a 30 year fight. the great amp atlantic and pacific, they were the first retailer to do a billion dollars in annual revenue. they dominated in the government wanted to break them up. to your point, i eisenhower said no and the markets eventually caught up. >> it's surprising, these are
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the free-market people are there now going after antitrust allegations against amazon when they have 5% market share. >> amazon, to my knowledge has not broken one tax law. >> it's not like their pricing below market. they are making money. >> there making money on the cloud. they're not making money on the stuff they sell. >> in the post office needs them more than they need the post office. this is ridiculous this claim after taking advantage of the post office but that is not true. >> they want to get into the business of shipping. >> then the post office is going to go bankrupt. >> the post office needs amazon much more than amazon needs them. they're horribly run and they're not allowed to be run as a business.
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>> they say wall street gives them unlimited access to unlimited money and that's why they can operate at a loss. the market valuation, even before the cloud business, they ran zero, negative for years. >> they turned a profit last quarter, but people did that on the ideas in the concept. >> most ceos won't get that chance. jeff took the opportunity. >> there brilliant. it's a brewing company. >> is not the richest guide in the world, he just hope that would happen. this is many things been thinking since before 1995. he's a strategic thinker and spends time on wall street, he knows what he's doing.
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we talked about the story, it wasn't even his first choice. he wanted to put the company on an indian reservation but he was already thinking about taxes for this company before he even set up his first headquarters. >> you) he's a brilliant guy. i do believe politicians on both sides of the aisle will keep coming after them. they're only going to become more successful. >> that this is the latest thing they went after oil companies and the banks another going after them. >> things are going to get worse for facebook because apparently there was a leaked memo and the ugly truth is anything they say would help this company grow.
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they were trying to distance themselves from the manager that put out this memo. >> this is like sweeping up and behind the crash as quickly as possible. we saw the tweet that facebook made yesterday. you had to go through something like 2 20 screens to control your data. they clean that up yesterday. they even made it easier for you to see your data. they are starting to block out other third parties. this memo is extremely upsetting. i'm just can read one quote for this is horrible stuff and their internal memos going through. >> it says it justifies it and as long as we keep connecting people and keep growing it's all worth it.
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before making connections for the good it will outweigh connections for the bad. a side note to this is that a lot of people are very upset that this memo became public whatsoever and it's this whole idea of keeping family fights private and under its own house for another people at facebook who are very upset the scott leaked to the press. the bottom line is the headline to one of the story was growth at any cost. that's what the public is taking away from this and they already have a huge pr disaster. >> the timing is terrible. even six months ago i don't think we'd see so much backlash. i take issue with a lot of the
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things facebook is doing. don't think they're being transparent when it comes to russia meddling or their privacy policies in the past, but i do think, if you look at this memo and put it in a different industry, maybe cars, we will have accidents but these cars that were building will transform the world. though make people drive all over the place. i think facebook is taking heat for but i'm not sure it's fair. they built a product that is useful and gives people the ability to connect i think it's very tricky. steve jobs, even eight years ago said, at one point, always ask people what they want to share. keep asking and keep asking until they tell you and i do think facebook was disingenuous and that comes from the top. even when mike zuckerberg founded the company. [inaudible] there is no privacy you should be the same person at work as you are in your home life and maybe that's fine for him but that's not however else wants
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to live. >> i agree but that 2009 interview, i didn't think he knew what the business is gonna migrate to. >> if you're the top dog though,. >> he said one thing when he was starting up a business that he believed would be true and then the model changed and now he's doing something out. >> i agree with your point but that's the responsibility, he's the founder and ceo in the controlling shareholder. >> i agree but he's also the ceo of a social media company. i'm not defending them, but he is a brilliant person. they handled mobile advertising which they said they couldn't handle, he did not communicate very well when he did his recent interview, i think he will be coached better for this one, he is
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brilliant and i think the get in front of the. >> the question is how many more memos are out there. why are they fully transparent and have a come to jesus moment of a press conference where they can answer questions. >> i think they tried with those full-page ads. it's still an elitist mindset. >> what do you mean? >> the new york times in the washington post. [inaudible] that was a mess. someone said we have to sell this shares at this price in these shares at this price and this many more shares at this price. let's get every penny out of them. my point is they are old-school businessmen.
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they need to be given the scrutiny they were allowed to escape for so long. >> i agree, but this congress, how are they going to regulate? i think regulation is coming. >> i think the public should look at them in a different sort of way. >> i agree one 100% on the transparency issue. if you have a post of dinosaurs and loch ness and you believe that, you can't fix stupid. but i agree one 100% are selling data they didn't tell you they were selling. >> when you took this quiz in 2013 you had no idea the results would be used politically. >> there's another side to the senates the user side.
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listen, how many people believe this privacy when you put your whole life story out there on the internet. how much of this is famed outrage? >> it's real outrage but maybe people were just too lazy and sort of complacent and got lulled into over sharing. >> i think your point on that immediately that, you don't put anything on the computer, don't send something in writing you don't want to see on the cover of a major newspaper. >> except now you might see it on a cover tonight. >> i own facebook, i found it for sometimes i'm in the black. i still own facebook but i'm not going to add any until i see what happens. i would buy more amazon but i would wait a little bit to see what can happen with all the stuff going forward. >> long term buys and it will be fine. >> i have to believe that the
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tweet did hurt and they added to the animosity that you described earlier. anyway, great conversation. >> did president trump just signaled that he is open to an arms race with russia? while other business networks are off, we never are. watch my show tonight, making money. we will talk about the second quarter and where you should be focused to make some money.
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retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver.
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we started holding our wall. i'm so proud of it. we have 1.6 billion and we've already started. you saw the picture yesterday. on september 28 we go further and we get that built. you think that's easy? people set has he given up on the wall? i'll never give up. >> president trump vowing to get that sucker built. we will hear from border control with an update on the border wall. right now we go to colonel west. >> happy easter charles. >> happy easter. more recently in the past week
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there's been some scuttlebutt about the army or the army corps of engineers being able to build a wall. i know there's congressional questions about whether that can be done. what are your thoughts? >> it would be very interesting because there is a wall that doesn't allow federal forces of the military to be used home board. i have national guard and reserve forces. i think you probably want to use th leave the use of the national guard up to the governors in the state and allow them to maybe help out with border security. >> so where are we? this is something a lot of trump voters, it's one of the
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things on the campaign trail that was item number wall. build that wall. people were really excited about it. we are in the midst of an opioid epidemic, we learn 53000 deaths is the latest count. we know fenton all is coming across the border. there's other reasons that are economic as well. will it eventually be done? >> that is the big concern. in washington d.c. it's all about the spending priority. if you look at the omnibus spending bill, $1.3 trillion, you really cannot discern what the priorities are when you look at that spending. sure we had an increase in the department of defense budget but let's see if those funds go down to the men and women out there on the front line or just to the bureaucracy and wasted acquisition programs. when you look at nondefense discretionary spending, the infrastructure which would also include a border wall, we
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did not see that being as prioritized as it should have been. when you go back to the drawing board of the trump administration, we need to make sure we have the right priorities for the discretionary and nondiscretionary spending. >> i want to switchgear spread russia test launched a ballistic missile with amazing capabilities. this report said president trump warned vladimir putin that america would win an arms race. was this his retort to that? >> let me tell you, one of the things vladimir putin should understand that when ronald reagan asked how do you define winning the cold war, he said we when they lose. we caused an economic collapse of the soviet union because they could not keep up with us. that's the same thing he faces today. that's why our energy
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security, our oil and natural gas, to supply that to the eastern european country so they don't have to do for hand on russia, we've got to make sure we have credible military deterrent and threat. >> i get the feeling that russia and china monitor america very closely and they saw how difficult it was for president trump to get any money for the military. they see how afraid we are at a trade war that a television set might go up ten bucks. i think they might think we have a soft underbelly. you couple that with technology advancement and maybe it's not so far-fetched to make a hypersonic missile like it was back in the day. they might be emboldened here. >> you are absolutely right. when you look at military capabilities, russia, china, united states, we have near fear equivalents, especially when you see some of the ground combat systems that are out there we know china's heavily invested in the capability and as they build these islands out there in the south china sea, they are equipping them with surface to
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ship missiles. they are making that move you may sa see that we have not paid attention to our military over the past eight years and weaknesses very enticing to dictators. >> thank you very much. >> amazon is under fire from the president. should other companies worry? that's next. what happens if walmart buys humana? what does it mean for your health care costs? we will discuss it.
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at&t and time warner trial is getting hot and heavy. >> i guess the segway is in milan next in the cross roads. is amazon next in the crossroads. it's a legislative path about some of the taxing goals. there is the third-party sellers on the platform, they get favorable tax credit, that might happen. everything else, it looks like, according to people on the hill and a lot of people on wall street who look at this issue of antitrust is the minimum spread there's no antitrust case but i know you brought up the at&t thing during the 40s and the 50s and how they were broken up, but here's why that was a
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little different. if you look at case, at&t was screwing with the distributor distributors -- and, i'm sorry. they force them to bring down there prices and then they undercut the competition. the antitrust division, there's no case here with amazon. the one avenue is on the tax control. even that. >> having said that, it made a nice reversal late yesterday but just the idea that it was down that much is not a red flag, but a yellow flag. >> i think it's a red flag for all. i think if you sell amazon and netflix and although shares
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getting crushed, you will sell them, sell them on notion that wall street is somewhat reevaluating their business model, particularly amazon. wall street is a with given them years and years and years and we like the earnings growth as opposed to revenue growth. that is the one area i think if you want to sell amazon but don't sell it on government interference could i don't think there's that many avenues that trump can screw with them on. plus he dug himself in a whole by tweeting. >> that brings up personal. [inaudible] >> i might kill him on the at&t case. >> why hasn't that been brought up. >> at&t tried to bring it up. they wanted to subpoena his e-mails in the judge said no. i think there's a chance of it coming up later in the trial.
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it's the government's case right now. their presenting their case, taking hostile witnesses including people at time warner. petrucelli is the lawyer for at&t, he gets to try to bring his case in two weeks. you may see that come up then. >> is a tough guy. >> a tough lawyer. >> they made some overtures and they thought that was enough, it wasn't and after a while he was bombastic like bring it on, were going to win. >> i would not underestimate the government. here's why. i know some of the lawyers. before that and even after that he is one of the foremost antitrust expert spread he fought the government. >> what's the argument. >> the argument is this and that's why there bringing out
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all these competitors. they're saying there is price discovery going on right now among all these content providers and distributors which is forcing prices down. we are getting new entrants coming in. we have the internet becoming a bigger thing. if you make at&t stronger, they will prevent that lowering of prices because they can withhold their content and stop the innovation going forward. a lot of people are dubious about that. when i look at this, i read both trial briefs and talk to a lot of people on both sides, you can make a case that things like comcast are so big it prevents new entrants from coming on. it could price out other distributors. if you put comcast and at&t together those are massive companies. >> that regular people you've never heard of posting videos
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on youtube that get 10 million views. >> right. that's at&t's argument. we are not the big players he should worry about monopolizing, google is. >> thank you very much. >> coming up, hillary clinton's latest comment sparking calls for a fresh look at any new voices, anyone out there who wants to help the democratic party. we'll be right back. yes i do. okay so you diet, you exercise, you manage your a1c? that's the plan. what about your heart? what do you mean my heart? the truth is, type 2 diabetes can make you twice as likely to die from a cardiovascular event, like a heart attack or stroke. and with heart disease, your risk is even higher. but wait, there's good news for adults who have type 2 diabetes and heart disease. jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. jardiance is proven to both significantly reduce the chance
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>> hillary clinton is taking issue with being rushed off the stage after her loss, but is it time for the democratic party to find some new voice to take the stage. we have martin swan, strategy partner and aaron and national reviews contributing editor george murdoch. the mr. with you. it feels like the woe is me and she's talking more about her election loss and subsequent things have happened to her. and if she's going to remain on a national stage, maybe she should be talking about things that impact more than just her. >> she's certainly does need to talk more than just what impact search needs to get over her post election loss syndrome. it's time to move on and think about the future of the country. she continues to look back and look at who is to blame other than looking at herself and realizing that the blame falls on her shoulders.
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>> erin, sexism, ageism, women, women being in terminated by their husbands and brothers, the list goes on and on. it's a long checklist and it even includes barack obama all taking the fall for hillary not being in the white house. >> sexism plato role. a number of things played a role. she was a deeply flawed candidate but there is sexism. she's trying to galvanize women to combo in the future and she is well within her right to do that. let's remember, everybody does have a first amendment right and she can still be on the national stage and what she's talking about. she is right that men were not told to go away. she made the point that john kerry became secretary of state and that romney is running for senate and most important, al gore found an
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issue he cared about in climate change and has had a series of documentaries about climate change and has done a lot with that issue and so here too, she can talk about women and girls and voting going forward. think that's important for her to do and she is well within her right to do it. >> but real quick, didn't women vote in the last election, was that women voting or women voting for women candidates and democrat. >> i think it's women coming out to vote, yes women did come out but i think they could've come out in stronger numbers. >> is it okay who they vote for. >> i think they can vote for anybody. >> you think hillary is going to take him out and exercise your right to vote for whoever you think or come out and vote and don't let your brother and your husband and everyone else for you. >> i think she is going to say women should come out and vote for whomever they choose. >> here's the thing. aaron brought it up. al gore found something, these folks weren't asked to leave the stage because they left voluntarily and they found
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other things they were passionate about. if it's an agenda to help women and girls i think it's admirable but so far doesn't feel that wa way. it feels like a woe is me. >> is just an ongoing wining campaign. when met romney and al gore lost they got off the stage graciously and moved on. it's not about us, hillary, it's about you. the reason she lost what she was lazy. donald trump did 132 rallies. hillary clinton did 63. donald trump took 23 days off or he had no rallies, hillary took 57. there's 99 days between august 1 and election day, she took 57 days off. he outworked her and showed up in wisconsin, she didn't. she barely went to michigan. if she really wanted to be president sheesh to work harder. >> she wasn't doing nothing, that's just one metric, rallies.
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>> it's a huge metric and she should've showed up more. she should've gone wisconsin and she didn't purchase no one to blame but herself. no sexist man kept her out of wisconsin perch he never went to wisconsin. >> the premise of this whole thing is her continuous pointing back or harkening on how unfair the last election process was. this is helping or hurting the democrats right now? >> i don't get help in the democrats at all. she is continuing to be a victim, yet she wants women to be empowered. you either are empowered or you're not. you can't be a victim and be empowered at the same time about this issue. to say that women only voted for trump because they were bullied into it by the man in their life, the problem is hillary wanted women to vote the way she wanted women to vote. she thanks women are cheap.
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either they will vote for her and that's the right thing to do or they didn't vote for her because they were bullied. one way or another she's going to fully women and have them be sheep. we want women to speak for themselves and find the best solution for their households, their family and the future of our country. >> tesla recall the big one. it was a power steering failure. it's the biggest yet. we will discuss the fallout right after this at fidelity, trades are now just $4.95. we cut the price of trades 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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which is what we do. crowne plaza. we're all business, mostly. croretail. a. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver.
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>> tesla recalled 123,000 model as cars over power steering failures. this is the biggest recall for the company today. jeff has the latest. >> we are down here getting your take on the start because to me this recall is not as big a deal as some people make it. yes it's the largest recall ever, the model as, only the model less and once made before april 2016. the problem is with corrosion on the bolt that holds the power steering together. this is a very small number of vehicles.
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most people take care their test was and keep them in the garage, it's warm climates it's only in snow climates for you get corrosion from road salt in the rest. the government has already said the model asked is the safest cards ever tested. as i wanted.out there's not been any failures. according to the letter test was sent to the owners, there have been no injuries or accidents due to this component despite accumulating more than a billion miles of driving. it comes as the tesla model three is in manufacturing. the ntsb is investigating the fiery crash of a tesla vehicle about a week ago that killed the driver. stock has been downgraded by movies, you take a look at the stock it was at 352 in february and it's now at 256. i don't know where it's going but it's a cumulation of
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events and their burning through a lot of cash, they have a lot of bonds coming due, i don't know if it's a buy or sell for you but a lot of people have made a lot of money on tesla. >> i was just looking at my own records in the first time i recommended it was july 2010 at $21. i mention this talk 14 times since then in the last time was on march 19 at 311. even someone who's been as bullish on the company for as many years as i have, you can see the stock is breaking down and the company has some serious issues. >> you have made people a lot of money on that stock. >> we traded in-and-out pretty much most of the time but it's always been a heck of a ride. very volatile stock. to your point, maybe not a large recall but the timing couldn't be worse. >> exactly. >> meanwhile, tensions with russia are escalating as moscow expelled 59 diplomats from 23 countries.
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the former assistant secretary of defense, larry is here. >> is more proof that wooten and trump aren't as friendly as the media says they are. >> basically, they are and they aren't because while the president has done these things, and i commend him for it not only expelling the diplomats and joining with other nations but sending arms ukraine. on the other hand he called to congratulate him on the election which sends a mixed message and supposedly, he has told the staff don't talk about it. you can't have it both ways. i hope vladimir putin is getting the right message, we are not going to put up with this nonsense for very long. >> what i find interesting is that the media narrative is that strong actions like arming ukraine which the obama administration neglected to do somehow counteracted by the congratulatory call that other world leaders may have sent
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out a call. >> the staff told him don't congratulate him. it's one thing to call and i commend him for that. when i worked with president break-in we talked to the mall time you don't congratulate a fixed election. the interesting thing is, what really annoyed trump was not these other things, poisoning the people in the united kingdom, was that he bragged about his nuclear weapons when he gave that speech right before the election and trump said when i called him i said you want an arms race, i'm going to win. that's the last thing we need. going back to nixon we been trying to cut nuclear weapons. vladimir putin has asked offered to extend a new start agreement that limited us.
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>> with respect is in it vladimir putin that's been showing these messages, two weeks ago you shop for missile you say is incapable of being stopped and you can hit any american target at any moment and that tilts the advantages that are triad system have? it would seem to me he's the one who's been more provocative. >> don't forget, before he gave that speech, trump said he's developing two new nuclear weapons for the united states, but vladimir putin offered to extend the new start agreement by five years. he ought to take that because that would, that's the key thing what i really worry about. both sides have the massive numbers of nuclear weapons that could destroy the world and if they both start building more, that's not good for us or the world. >> the dynamics of the world are changing. we can consider where china is going, a potential arms race in the middle east, japan could be ditching their pacifist constitution but we have less than a minute. the russian ambassador said right now the relationship between washington and moscow are worse than they've ever been. what you make of that?
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>> again, i think he is upset about the fact that they thought trump would be different than previous residence in dealing with russia. it may have been something like when they talk to flynn during the transition and he got a different message, but i don't think so. this is not the cold war and i think we need to move forward because we do have areas we cooperate on like the real nuclear deal, for example. >> larry, thank you very much. we will talk to again soon. >> thanks for having me. >> coming up, on how tax cuts may be giving the gop the boost it needs to keep this majority this november.
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how much money do you think you'll need in retirement? then we found out how many years that money would last them. how long do you think we'll keep -- oooooohhh! you stopped! you're gonna leave me back here at year 9? how did this happen? it turned out, a lot of people fell short, of even the average length of retirement. we have to think about not when we expect to live to,
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but when we could live to. let's plan for income that lasts all our years in retirement. prudential. bring your challenges. welcome back to cavuto coast-to-coast. i'm charles payne in for neil cavuto. attorney general sessions rejected a second call for special counsel. walmart eggs combating the move with the potential big lot buster move of their own by purchasing humana. more data breaches potentially affecting my fitness pal users. the deputy chief of staff under president bush 43 on if the economy. [inaudible] carl, what you make of it? the market sort of stumbled a little bit, just as economic
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data continues to look great. >> first of all, can i say you are looking a little bit bigger than i recall. >> i been jogging. listen. [inaudible] >> i think the economy is helping the republicans. the fox news poll had the ballot closing 25 and it's not the only poll that's been saying that. if you look at all the polls since the 21st of march, the real clear politics average goes back to earlier in march and the average 7.1. if you look at it, january, the gap was 12.9. february was 7.3. 9.3 for the democrats on march 1, that 7.1 by the end of the month. at the difference between january 1 and today is that people started getting paychecks with bigger numbers
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because of the new withholding tables. the economy is good, tax cuts coming into play, i think that's help close the ballot for the republican. >> on the other side of this, the mainstream media focused on a lot of things other than the economy. i heard very little about jobs growth and 800,000 people came back into the job market. it's a remarkable number. they focused on a lot of things that are sort of watercooler gossip or speculation, is there some sort of, could there be some fatigue over that reporting that just no longer has the negative impact on the president and the party? >> what, i think there's a little bit of that, but let's look at it from the other angle. the president gives them opportunities to talk about other things. take the speech on infrastructure in ohio yesterday. i counted there were at least 12 items in addition to infrastructure that he talked about including roseanne barr's tv show. if the white house got disciplined and focused on the things, the biggest applause yesterday, one of the biggest
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if not the biggest applause was when he talked about the historic drop in unemployment numbers among african-americans. the crowd responded to it. but we would be in a better place if he was more disciplined in his messaging, particularly on the economy to harold things we see. >> i set as much to come i would like to see him use his platform to promote these things. the number that came out yesterday, the current current condition is at the highest level ever driven by the bottom one third of households with income. i would beg to differ that the mainstream media would pick up on that and somehow changed their narrative. even if he tweeted all day long i still think cnn would be focused on other things. >> probably so, but here's the president. he has a choice. he can either give them a plated meal and decide what's
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on it, nice meat and potatoes and some greens or he can give them a smorgasbord and if you give him a smorgasbord, they can decide whether they want the deviled egg or the locks in the bagel or what and he gives them a smorgasbord. if he gives them a smorgasbord and its troy daniels and michael cohen talking where yesterday where he's talking about roseanne barr and pulling out of syria the day after his department says will stay in there, they get to choose. don't give it too him. >> in the meantime, to your point and the premise of the segment is that it feels like no matter what the nation is starting to pick up on this. i think it's hard to ignore. we have a record amount of job openings right now. anecdotally, people driving a around will see a whole lot of help wanted signs they haven't seen in a while - in fact i was recently speaking to a business group and i said how many of you have a surplus of qualified candidates for the jobs you fill. very few hands went up in a
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lot of laughter came out. is this is our expanding. job openings are sitting there, people are trying to find qualified workers to fill them in that general sense that the economy is good is the further meant upon which the battle will be fought. >> the ability to articulate feel like they lost in the pennsylvania special election to someone who will running on the republican platform. the enthusiastic talk that you would expect to hear, i don't think i'm hearing it to the degree we should from the republican party. >> luck, the democrats did have a really good candidate in pennsylvania. the guy said life begins at the moment of conception, he said he would never vote for nancy pelosi, said he would look at the democrats for opportunities to work with the president and republican candidates, his message was
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literally i'm trump 2.0. that it can work must your running against hillary 2.0. you have to be able to articulate the republican philosophy of limited government, lower taxes, focus on economic growth, strong military and you have to do so in a convincing and authentic powerful way. with all due respect we had a lousy candidate who could not articulate that message. i wrote a column about this on the thursday after the defeated mi point number one was that you better make sure you have a message that makes a real difference in the lives of ordinary americans if you're running as a republican for congress this year and that you talk about it in a way that causes people to say that will make a difference for me and my family and my community and my country. >> thank you. we appreciate it. >> thank you. >> meanwhile, republican lawmakers continue with a special counsel over alleged surveillance abuses at the justice department this was
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despite the rejection. >> we are still definitely seeing some pushes from some republican members of congress from to the more conservative members of the house caucus who would still like to see and have said so publicly a second special counsel pointed to look into alleged abuses. for this white house, at least for now and the public comments that we been able to see, the move that the attorney general did make and asking one of his u.s. attorneys to look into the matter, it seems to be good enough. take a listen. >> we know there's an expected general report coming soon we know that everybody has been able to read these texts, there were people at the top involved in the investigation who obviously had political point of view that they were not shy about expressing and frankly acting upon it. having this prosecutor take a fresh look at everything we know and could no is a very
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positive development. >> kelly on referring to john, the u.s. attorney from the state of utah has been asked by the attorney general jeff sessions to look into what were described as republican driven accusations about the surveillance of carter page and also hillary clinton's ties to a nuclear energy agency. it will be up to him and his recommendation to the side of the second special counsel could be needed on the line. as for the president and his position on all of this, last month the white house told us his attorneys were worried of nylon that was before the move from sessions yesterday. to go back to what kellyanne conway said and what the white house is saying now is that they are making positive developments. we will see how it plays out. >> thank you very much. there's a crackdown and north carolina republican is pushing for a new national security law to shield u.s. pets from china.
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>> thanks for joining us. we saw a move that didn't get a lot of publicity that bars one of china's largest electronics manufacturers from selling products to the u.s. government. by the same token we saw large manufacturing giant facing an acquisition of belkin. we are getting mixed messages. should we be afraid of chinese technology companies or welcome them and their money with welcome arms? >> the chinese has been on an aggressive pursuit of trying to acquire our sophisticated military technology since 2015. they were acquired over 43 different companies, 20 of which have been in the united states. these are supply-chain military, we need to make sure this information, this technology remains proprietary, if.
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present she made it clear in his own statements, china becoming superior in technology. this is an area we must protect further and it's why senator corne cornyn and i have a bill to strengthen and enable us to give greater oversight to the interest of the chinese to acquire these types of companies. >> explained the audience then, i know there was a major merger of a korean company with the same sort of national security concerns. what will be different about this new muscle that they would have and how broad, what's the bread of coverage. >> yes, sir, the chinese have been able to exploit loopholes in our laws that allow them to create partnerships to joint ventures with american companies and circumvent acquired companies by only buying a portion in the minority position.
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i give them access to intellectual property in the interest of theirs to acquire this military capability. this has to be stopped. the chinese have been aggressive since 2010. they've significantly increase their investment in the u.s. about $4 billion worth of investments in 2010. we must be wary of their objectives and the interest we have is to make sure the laws are sufficient and adequate to make sure we have oversight and prevent these types of acquisitions. >> it's interesting because a lot of the conservative orthodox in some of your conservative economist would say it's a great thing, we send china a lot of our money and mixed in the back of investments and it's actually good for americans. it's promoted as a form of capitalism, but you think maybe we should be smarter about this. >> yes, sir. i have the largest processing
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plant in the world in my district, bladen county north carolina in its own by the chinese. it employs about 5000 people and about 35000 hogs are processed every single day. it's a good thing, we have textile companies, this bill is later focused on preventing the chinese from acquiring military related technology. this is a national security issue. this is not a trade issue or in export issue with china but we must make sure that we maintained our technology. sector matters, president trump, secretary mnunchin and jeff sessions is also part of of this bill. senator feinstein is supportive of it, mr. hick in the house of democrat on the committee is a sponsor. we must be in full recognition that the chinese have been
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very assertive and aggressive in their interest in protecting our national security is number one. >> it's great that it's laser focus but we also know a lot of technology that's used in the private sector can also have military applications. i'm just thinking last week, on thursday we had a chinese company ring the opening bell on the new york stock exchange and on the nasdaq. technology companies, i don't know their technology if it's ultimately applied to military use, but we do know often that is the case. >> that's the point of it. it's dual use technologies that start with the conventional use and then have military applications. yes, we are concerned about those startup companies, silicon companies that the chinese would come and take an interest in and all this would be part of the purview and oversight. >> thank you very much. always appreciate having you on.
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you're always taking some bold steps to shake up things and we appreciate that. thank you. >> it needs to be done. thank you. >> ain't this a breach. if you use a health app, you're going to want to hear about this huge data hat. the markets many close but fbn is always open for business. you don't want to miss my show, making money, tonight 6:00 p.m. on foxbusiness.
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under armour hit with one of the biggest hacks in history. 150million my fitness pal accounts were breached. nicole is not on the floor of the new york stock, she is in studio. >> the number is amazing. >> 150 million people. this is just something we've seen ongoing was so many companies. in this case with under armour it is the my fitness pal app. it tracks your calories, your exercise and they are saying they did encounter a breach. may 25 they became aware of it and there working with authorities -- march 25. it includes your username, e-mail addresses and passwords. they are saying if you have the e-mail address with the
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same password somewhere else, maybe your bank account or your amazon or something else, change that because -- march 25 they became aware of it and it occurred in february. they did not get trevor's license, social security numbers or credit card information. that's good news. the big picture is why does this happen. they haven't revealed what kind of hackett was, but the big picture is why does it happened so many. >> you have some sort of obligation and responsibility because we see these far too often. >> yahoo was the big one. adult friend finder was 412. ebay, apple facts, target,
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if you look up, you can obviously see it is an ongoing issue. >> you and i were talking that cyber security stocks have stalled. under armor had a pretty good earnings report but this is not good news. again, we keep hearing this about people who want to go on the internet use technology, but how can we feel safe. >> that's the thing. you talk about summaries companies, our people, the companies themselves, are they doing everything possible to protect the data. that brings us to facebook and all the regulations that may be coming forth from different companies, twitter got hit. >> that's a great point you bring up. if the companies will step up to the plate, there will be a
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greater public outcry to force them to step up to the plate and provide protections because we are in a new era and we are to put our information online. >> i think it's scary. i don't like putting my name on everything. everybody says go on yelp and write a review. i'm afraid to sign up. i'm very protective of my information, my money, my bank account, my social security, and luckily in this case it wasn't social security number and drivers license number but that's when it becomes even more harrowing. >> i went on fitness pal a man asked me for my weight so i got off of it. >> you should've said just right. >> it's great having you in studio. it's too bad we don't do this more often but this is a great story but we will see how to stock opens. >> last i heard it was under pressure, down two or 3% but that could change by monday morning. >> thank you meanwhile, facebook is under fire yet again, the 2016 memo suggested that the company values user
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growth over your privacy. scott mcneely says that's a bad idea for mark zuckerberg to testify. >> i get very nervous when the government wants to get involved and i don't think he should go there and say i need to be regulated. no. there's the invisible hand. that is far more effective at regulation and far less corrupt than the swamp doing it. >> should the government really be getting involved here? paul is here. we were just talking about the idea that if these companies don't step up to the plate, you are going to have a lot of people, even folks who traditionally believe in a limited government say there's no choice but for government to jump in. >> you are both on point with this. i like scott, he's very smart but he cannot be more incorrect. we need to regulate facebook and of story. i understand there's a certain
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amount of trepidation when it comes to the government getting involved. that is certainly warranted. we have a business model in place. by using a proven, vetted to monitor functions in internal controls to ensure the privacy of that information and the information we hold here. >> i don't know where your microphone is but it sounds like it's rubbing against something. maybe pull it up so it's not rubbing on your shirt. i want the audience to hear what you're saying. this is a critical point for technology in general. we understand, scott's right. i think there's a certain amount of responsibility on the user but we are going to give our information to google , amazon, facebook, alexa listens to our conversation and we would love to have them protected. is there anything these companies can do?
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and they go to d.c. and convince them to give us one more shot to approval take a fiduciary response ability. >> i don't think so. but face it. you can't be as brilliant as you are as mark zuckerberg and then plead ignorant. you knew what you are doing. the trust is gone. people want to feel they can communicate. i am with nicole that i'm old-fashioned, i protect my information, but we live in an age that will change but people are going to use information on social media. there needs to be some element of trust. social media platforms have thrown that the wind. it needs to be regulated. >> we also talked about this app with 150 million users which is mind-boggling. where do we go with corporations just keeping our basic username, password protected, this is not our deepest darkest secrets, but they won't even keep that protected.
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>> exactly. charles, you have talked about this before, the problem is that corporations are not investing in cyber security. they're still playing by the old rules of information technology and let's face it, it was never created with security in mind. that's why they called the word patch. it was never created with security in mind. we need corporations to step up preemptively to identify vulnerabilities and mitigate them. that needs to be done prior to responding to them that's the problem. it sounds like a simple fix but that the problem. >> you for always patching up, will never catch up. >> exactly right. >> thanks a lot. >> see you soon. walmart now is in talks to buy humana. what this could mean for drug prices, right after this. i am an independent financial advisor.
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charles: "tmz" reporting arnold schwarzenegger is recovering after an emergency open-heart surgery. he was reportedly admitted yesterday. the 70-year-old actor, former california positive is reportedly in stable condition. >> into meanwhile walmart reportedly in talks to buy humana as retailers increasingly enter the health insurance sector. we have doctors here to discuss this. dr. mike, let me start with you. i think what people are really think about here. what does this mean for me? what does this mean for me as a consumer as these big mergers
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happen and perhaps ultimately whittle down the options to a handful of companies? often that means higher price. >> yes. so the promise we get when we see these types consolidation, lower cost, improved quality. when we see the m&as come to fruition we see higher costs and no improvement. pharmaceutical with hospital system there is reason why that is. they have three types of companies involved in taking care of patients medication, the pharmacy, the pharmaceutical company and insurer. now in the midst of all that you have a pharmacy benefit manager involved which is something not many people know about, that is trying to negotiate prices with a pharmaceutical company on the notion that it will save money for the patient. charles: right. >> when in reality they're making billions of dollars with no pricing transparency and sometimes patients are required
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to bear that cost. charles: so could amazon be the difference here? because they have sort of prided themselves on taking market share by being the low-cost provider out there? their eye emergence in the industry could that change the dynamics not just in this industry but in almost every industry we see consolidation we see prices go up? >> i was suspicious about the pursuit of profit with walmart wanting to merge with humana. but my number one concern, my number one priority, we all know that walmart has been known for their low costs and low prices but will that translate over to my patients and allow them affordable, accessible, good, high-quality health care, not just accessible health care but will it be expensive? will they have high deductibles and premiums and co-pays. charles: is it too early to know that? >> this is the at top. not set in stone.
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even this morning patients are questioning, being concerned about their dedubbable and will their insurance cover chest x-rays, if there is possible pneumonia? this is really heartbreaking. you by hope it's a step in the right direction to allow better quality care and better and accessible and affordable. that is the priority. >> gerri willis joins us. there is call kinds of stock market angles. >> right. charles: consumer angle, health care is a big issue in this country. what are your thoughts? into here is the deal, this deal is not a deal yet. walmart telling me they don't respond to rumor or speculation. they're not weighing in yet. they're said to be talking everything is on the table. understand these two companies already know each other very, very well. they're doing business together to offer medicare prescription drug plans to medicare patients and that is a good deal. if you're getting your medicare from humana and walmart and you buy it at a walmart pharmacy and
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there are thousands across the country, you're paying as little a dollar per prescription. the only deal is, you have to buy it from a walmart. could it be could? >> i think it could. you know what it make as lie of? that amazon can conquer every further industry. walmart is much further along in the health care industry. they negotiated in sifter difficult locations for their own workers to have their own health insurance coverage. without a mediary or insurer. they brought costs down there. the question what will they do nationally? charles: the impact for the patient. we talked about the business side. what are your concerns for the patient? >> my worry is when you have these mergers you have a lack of transparency. when you have a lack of transparency it poses a difficult question for patients. they don't know where they're getting the best deal from because they don't know what they're paying for. the idea of paying for medicine it is an industry of need as
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opposed to industry of wont. if a toy manufacturers make as too high of a price the consumers don't buy and market adjusts. in a market where patients can't not choose to buy insulin. they will pay the price whatever set forth by the companies. it is important we have to have the transparency what they're paying for. >> what do you mean by transparency in this particular case? is it better to have more players than few players. the fewer players higher prices of the walmart is low-cost provider every market it gets into. it ultimately could get a good thing. >> i prey -- pray it will be -- they have a pbm. >> farm my benefit manager. >> making money for themselves at the same time. >> taking share of profit. >> i want to know how much of a share of president of they're taking what it means. this crazy and very important to say.
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a patient can go in with insurance pay more of a co-pay with medication than come in uninsured and pay cash. that that is ridiculous. >> walmart has many walk-in medical clinics in the centers and have the pharmacy humana is targeting looking up opening a primary chain of care clinics. looks could be a beautiful marriage of two companies hopefully will allow lower costs, value-based medical care is what their goal is. charles: but you're optimistic? >> i am. es humana is well-known to target senior citizens, medicare. every day about 10,000 people turn 65 every day. and so there really strong with the senior citizens and medicare packages and that's growing. so this is a, the ideal time for this merger to happen and as we're seeing more senior citizens -- charles: even though not a done deal, gerri. we do know the dynamics of
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industry pointing to mega mergers. >> right. charles: they're bulking up to try to compete. >> cvs, aetna. even though structure of the deal is good could this go forward without the u.s. government saying that is non-competitive, we can't do that something has to give. something has to happen. there is only one direction these prices go and that is up. >> we need a shake-up. by end of this year we'll have 10% of increase in premiums already. something has to be done. charles: really appreciate it. >> thank you. charles: mcdonald's helping their workers get through college, something they been doing but they could do a lot more thanks to those tax cuts. we'll be right back. you're trying to lower your very high triglycerides with a healthy diet... and exercise.
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♪ note. charles: newer kinder fox business intro. mickey d's announcing tripling scholarship money offering to employees thanks in large part to the gop tax plan. "barron's" editor-at-large, jack otter. i was working at mickey d's 17 years old, they were helping hill with college. i was joining the air force. this is before i actually went in but i was impressed with the company but this is pretty good money they're pumping into this. >> i originally think this is something to help mcdonald's employees to go to college but getting to the point where you help college students paying for college working part-time at mcdonald's. they work 15 hours a week. get the 2500 on top of hourly wage, that is real money.
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depending on the mag, 10 grand a year they could put into college. charles: tax plan and different narratives that is only helps the rich, nancy pelosi, saying that the bonuses are crumbs, this is yet another part of the plan that i think is something that everyone should enjoy, progressives, the opportunity for me to pull myself up from my bootstraps, hustle my way through a job at mickey d's, that is how you create and going to college to change the arc of your life. >> we could go on all day how important college education is and how expensive it is, but unemployment rate of college graduates right now is 2.3%. according to the economist that is half, half of what full employment is. basically there is no employment problem if you have a college degree. it is so important, so it is great to see any help. i will put the numbers in perspective. mcdonald's in a letter from
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the ceo said they would spend 22 and 24 billion on che buybacks between 2017 and 2019. nothing wrong with that but 150 million over three years is very different from 24 billion over three years. charles: to be quite honest with you, that is another moral argument kind of things. we've seen companies lay folks off as they increase the share buyback program. by the way on college unemployment thing, another interesting part to that, they have significantly higher participation rates. >> yes. charles: but the problem is, for a lot of these majors, that you may be working but the to pay back your loan, you're not really making a lot of cash. so the idea you can even get through college, maybe it takes you a little longer, but debt-free or mitigating the debt load is huge. >> particularly huge. when you have these loans to pay back you don't do all the things that everybody without college loans can do, like buying that first house. putting money away for
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retirement. we're just getting into the generation retiring now that doesn't have the pension for everyone. now it is on you to fund your own retirement. really you need to start that right in your 20s. charles: talk a little bit what you're working on at "barron's." >> the cover story tomorrow, nobody knows this, you're first one i'm telling, is pot. we sent a reporter to cannabis farms in canada. charles: a lot of people volunteer? >> well -- charles: this time jack said i will do the stories, twice? >> actually, you know who had the most fun is probably the photographer. anyway you and i mentioned before we started the stock prices they're high to use a bad pun. they're crazy high. we're not suggesting you buy these. just kind of looking at the landscape. one number that amazed me $50 billion in cannabis sales in this country already despite the fact it is not legal in lot of
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places. wine is only 60 billion. selling-as much pot as wine which i would not have guessed. charles: in this spending bill there was no mon set aside to go after pot growers. that is green light, wink-wink, despite the tough talk from jeff sessions, if you're in a business in a state that is legal you will not have think problem. apparently more states legalize it every day? >> that is what i'm hearing. maybe i'm an old man, it feels in my gut weird to be allowing this. intellectually i see the point. prohibition didn't work. i would much have people paying taxes farming cannabis and bringing over the border and getting into gunfights with americans. i see the argument. hard for me to stomach. charles: we were talking about young people. this is an area they love. they love cyber currency and love marijuana stocks. if you look at trading for e-trade, td ameritrade, those places it is going through the roof but a large chunk is this area.
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it would be pros and cons with that right? into it concerns me a great deal because any of these fad things, especially you can not justify the valuation i would really urge people to stay away from those investments especially if you're young and inexperienced. i will be boring here, charles, index funds. get to know the market, then start playing. but if you're looking to stocks to buy don't go to the thing everybody you know is buying. look for the thing hated right now. energy stocks are interesting. charles: can't wait to read your article on this because this is a huge area, people ask me every day, what about the marijuana stocks? thank you very much, jack. >> anytime, charles. charles, appreciate it. president trump getting his first trade deal this week. why he is actually threatening now to delay it right after this. ♪
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retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver.
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certainly the rhetoric has calmed down just a little bit, would you say? would you say? charles: president trump warning that he may freeze the south korean trade deal to gain even more leverage in the north korean talks. so is this a smart strategy? to nuclear showdown author, gordon chang and "usa today" eliza collins. start with you. president trump always coming out of left field. in this particular case he caught a lot of folks flat-footed. this is a heck of a deal, renegotiated very quickly and lot of concessions most of them favoring america. is he pushing his luck here? >> i wouldn't be surprised if members of his administration were caught off-guard. he didn't give many details which gives him wiggle room. this deal is pro-american. they had been negotiating a long time but after the president announced the steel and aluminum tariffs, that sort of heating
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things up. the administration touting this deal as win. really interesting he is suddenly holding that over, over unrelated of course it is all related, negotiations between south korea and north korea later on in april, which, i guess trump wants to make sure that they're following what here in america would like them to follow. charles: here is the thing though, gordon. i read an article you put out. i was pretty impressed in a sense many everyone was crying, throwing up the flag of surrender even as president trump talked about trade and tariffs, pushing back on china trade, everyone gave up right out of the gate. republicans gave up. mainstream media gave up. people talked about it as somehow we were the weaker nation right now. president trump probably should leverage everything he can, should he? >> well he certainly should. you know as you point out, charles, we have all the high cards with regard to china. you look at it, people say, trade war, the u.s. is going to
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lose, china authoritarian state can hold out longer than we can but last year 88.8% of china's overall merchandise trade surplus related to sales to the u.s. that gives us enormous power over the chinese. of course, there is a number about things we can do to the north koreans to make them even more mead did i. this is trump issue. we have a lot of things we can do. this is america. we have the elements of national power to push other countries in the right direction. charles: speaking of sort of these chest moves before potential, before summit between president trump and kill young sign, gordon, what did you make of the trip to beijing? was it a brilliant stroke and if it was a brilliant stroke for north korea or china? >> for china. president trump i am pull -- impulsively decided to talk to north korea without chinese in
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the room. the chinese were a malign influence, helping the north korean instead of international community. xi xinping, the chinese leader was not staying on the sidelines. he could show everyone to force the north koreans to come to his capitol. that is exactly what he did. president trump said this is a good thing. i don't think it was. charles: there is always a easy thing when you have a train filled with cognac, you can always get the north koreans to go there. eliza, where do you see this going? there will be more chess moves like this before the actual meeting. >> we don't have a exact date for president trump and quite some time before his meeting and south korean and north korean meeting before then. we don't know, that president trump will have morallies feeling the crowd and decide to make announcement. we just don't know what is going to happen. we don't know what is happening behind the scenes because president trump is shuffling his cabinet and advisors basically as we speak. charles: thank you both very,
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very much. appreciate it. meanwhile stocks snapping their quarterly winning streak. the markets are closed. we're open. we'll help you get ready for monday's trade. we'll be right back. ♪ here you go little guy. a cockroach can survive submerged underwater for 30 minutes. wow. yeah. not getting in today. terminix. defenders of home. you wouldn't accept from any one else. so why accept it from your allergy pills? most pills don't finish the job because they don't relieve nasal congestion. flonase allergy relief is different.
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developing right now. other business networks may be on tape but fox business, we are live throughout the day bringing you the latest developments and what it means for you and your wallet. i will catch you up on all of this tonight on "making money." 6:00 p.m. eastern. but here is trish. cheryl: thank you, charles. even suggesting that our military should pay for the wall. welcome, everyone, to "the intelligence report" on this good friday. the president says democrats are opposing his border wall but president vows it will get done, watch. >> i'm so proud of it. we're getting that sucker built. people wondering, is he giving up? i never give up. trish: he will get that sucker
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