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tv   Cavuto Coast to Coast  FOX Business  April 5, 2018 12:00pm-2:00pm EDT

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the u.s. is winning. stuart: turn over to the wto. ashley: negotiations. liz: process of negotiations, right. stuart: we're at the high of the day, up 342 points as we speak. my time is up. neil, it is yours. neil: thank you very, very much. big reversal from what is was going on yesterday. same issues clobbered, i wouldn't say a ven fans on issue basis, but more so this time yesterday when a lot were getting clobbered. a lot of them goldman, caterpillar, goldman. facebook and amd. some more battered issues of late coming back. again is this a good thing or a bad thing? is it a trade tiff, a trade war? i spoke to larry kudlow on this same issue yesterday. maybe we both had different dennis definitions take a look. >> you can't allow them to break trading rules irk -- larry they
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do cheat and but outrigging them are we solving anything. >> i don't think we're outrigging them. i think they will come to agreements. my personally, my view i believe the chinese will back down and play ball. president trump, i just want to add this, he is a free trader. he will tell you that. neil: no way he is a free trader. >> i beg your -- has got to center on fixing these unfair and illegal trading practices. neil: practicing free trade, larry, is not slapping tariffs on our own goods and other country's goods to make sure -- >> we don't know that. that is your point of view. i appreciate it. you and i have known each other a long time but we don't know how this is going to end. it may have a very positive ending. neil: all right. got a little, saying you're a free trader is like me saying i'm twinkie.
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it is not the case. -- twiggy. i am neil cavuto. you're watching "coast to coast." the back and forth on trade, whether you're going to war or not on this subject. propelling that interview going forward with larry kudlow who i have great respect by the way, he had different views working at cnbc and bear stearns than obviously he is espousing now. the idea he is still kind of repulsed by tariffs still holds but he thinks it will have desired effect and for today it seems to be working, doesn't it? most in the market seem to anticipate we'll get over this, won't be a price sis. we have noelle nikpour. chris hogan, one of the smartest guys on this stuff we need it know how to plan for future
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because it's a pricey future. charlie, what is going on. >> you sounded like the old larry kudlow there. what happened? what happened to my buddy? larry is a good friend of mine. neil: wonderful. >> i wrote a column in the post today, based on interviews with wall street executives. neil: very good column. >> wall street knows donald trump very well. he lent them money over the years. he screwed them left and right. neil: he didn't screw all of them? >> screwed 90 percent of them. 70 banks had to cut deals with him over real estate and casinos. he didn't quite default he had to do workouts. he almost defaulted on junk bonds. they don't trust him. they think he is full of it ironically all this trade stuff -- neil: he is president and they're not. >> ironically all this trade stuff is one big pile of bs and he won't go through with it, based on their prior experience with him. >> they may not like tariffs but
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it got china's attention. >> the reason -- neil: might compel them to at least do something? >> reason why the market is up, wall street guys just don't believe he will go through with it because he doesn't go through with a lot of stuff he says. neil: they could be anticipating a deal is struck? >> this is lot of conjecture. this is business dealings, if you think about this, you have two sides, two strong-willed sides trying to get what they want. now it is a matter of laying the cards on the table to find out who will blink first. where will weigh want and where we end up with. neil: you know the president's view for decades, right, that the chinese need us a heck of a lot more than we need them. we kowtow to them. we shouldn't do that. in negotiating tactics is that good strategy, to reverse what is going on in the past? >> nothing changes until something changes, right? i think what he is trying to do the punch in the nose to get their attention and try to hug it out and talk about. neil: i would send you there. your voice is scary threatening.
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everyone else will not have a deep voice. >> as you look at this, we all know how to do business. how do you approach something like this where you can't force someone to do anything but what you're trying to do is move the needle in the right direction. neil: to get the other side to realize we have to get over this hump? >> that's right. >> i should point out the guys controlling the markets know trump of the they don't believe he is a great negotiator. they believe he is full of it. i am telling you when you go down the line -- neil: you never have a good word. >> he has a long history. i covered it for years. they think, they don't believe he is going to go through with the trade war. neil: this is the same crowd that didn't think he would declare for president. >> they never cared. neil: the fact of the matter is he got the tax cuts. he got those regulations. so maybe he gets the trifecta is it. >> no, i'm not say he doesn't get a deal out of china. what i'm saying that they don't believe, when dollars comes to doughnuts all his rhetoric on trade -- neil: this is the fastest you
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have gotten a negative email. tell charlie is full of it. mrs. charlie gasparino. >> what would my mother say to that. >> from your wife. i want to know who will be collateral damage. if this thing goes as follows -- neil: right now farmers are. >> that will be -- well there is more because farmers will be collateral damage. then maybe some of his voter base, in some of these states if you look at -- >> if he really goes through with it. >> if there are layoffs. neil: consumers might like this, ironically, this sounds weird when you talk about soybeans, all the prices collapsing, pork bellies collapsing all of that, we would pay less at the store for that stuff. kind of weird. >> that would be a good thing with his base as well. that is a two-fold issue. if you start having small town usa start having layoffs as a result of this people will take notice. >> oh, yeah. >> the average, everyday joe doesn't really look at markets and things until it pertains to them, until it affects them. >> they don't care about the
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stock market. they care about jobs. they look at their portfolio. everybody is in the market now. again i get back to the point that the smart money, people with money in the game they just, they are looking at this as a glass half-full scenario -- >> they're bullish on the economy. >> they don't think it is all bluster. neil: there is a lot, you were mentioning kind of things you build into this to try to extract concessions whatever, there are a lot of generous timetable, 60-day cooling-off period, before you talk about another cooling-off period would be 180 days. you have a lot of time to sit down, negotiate, wrangle out something? >> i think so. it is a matter can we get everybody to the table to have an open honest discussion. that is the key. neil: you can't have an open honest discussion with the chinese. the president is right on this, charlie, you would readily agree, they have been zooming us for decades. >> they steal our stuff. neil: they steal our stuff.
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you sit down with people you know have been fooling you for a long, long time. >> right. neil: you get something out of that relationship, our businesses have, we wouldn't be there, can you trust the person against whom you are spiking? >> not a matter asking them to come to give up things. now we're trying to force them into it, right? both sides need each other, they really do. >> the chinese say can we trust trump, given his record? neil: you're absolutely right. >> given negotiations with banks, bondholders, this guy screws everybody. >> that is a good point. neil: real quickly, guy, reversal on some of the things that were getting hit hard, were supposed to be victims of this trade war that is not a war as kudlow was telling me, boeing, battered, up today, caterpillar, battered up today, facebook, separate issue, batter, up day. amd part of semiconductor rout we thought would be affected by the chinese just killing it,
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reports that they will increase their semiconductor purchases from us up again. >> amazon is up today too. neil: amazon, yes it is. reading into that, you're not a stock guy, if i'm an investor reading this i might have gotten worried and i might have been selling off. how do you guide investors who are basing their decision to put money in this market or stay in this market on a trade war? >> here's the thing, neil. bottom line is, if you have to have your money in the game, you have so grow your money because of inflation. you have to have it involved. i look at it -- neil: what do you think if you get burned? decade bull market? >> we know investing is long term. i can't take a snapshot, look at it, think that is the whole movie. investing, strategy. neil: what is long term? >> i'm looking five years out. >> although if -- neil: long term for me is lunch tomorrow. >> five years you would lose your net worth in two. neil: look at 2000 from our height in technology, right,
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before the crash. you didn't make that up for a decade. >> i think this, if you're average investor, if you think we're going into a trade war, a real war, not this sort of bs stuff, you have to be very defensive. neil: what's defensive? >> i would be in cash. >> what we're saying crash. >> if you think we're going into a trade war -- >> good to have cash. neil: you don't think we are? >> the smart money, forget about me, the smart money -- >> he didn't want to answer that. forget about me? always about you. >> if you're involved in sing get stocks you already know you have a bottle of pepto right beside you daily. that is the volatility. and so looking at that you have to understand your risk tolerance. neil: followers, you offer practical, down-to-earth advice. >> right. neil: they see this volatility. they never have seen before. certainly whole generation has has grown up not understanding
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what is going on now, a lot say the hell with that, i don't want anything to do with it, what do you tell to them? >> i would say that is the wrong way to think. neil: most of them are cnn viewers. >> you would be making a grave mistake. one of the things you look back in 10 or 15 years you messed up big time. neil: longer term, talking big picture. >> that is the other reason why i'm confident, one thing i don't agree with is debt. if you don't pack around debt, you have more money to do what? >> most americans -- >> i'm trying to tell them to stop. neil: you have gobs of money, you've always been cheap, right? >> gobs. neil: he does. just the way it works. but that is what you stress, watch where the money is going. forget about focusing what you're investing. >> take a deep breath. truly, all honesty understand your risk tolerance. if you are riled up, this is something leading to something negative, go have a conversation with someone with knowledge. really look at it and understand
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the full story. >> look at the 10-year, interest rates on bonds. for the average investor, the markets are swinging around, just don't want to deal with it, look what you're getting on a 10-year. it becomes sort of palatable when the 10-year at 3 1/2%. okay -- neil: what if it is at 2 and 3/4? >> that is why you keep the pepto bismol [laughter]. neil: i'm worried what level to people say no mas, i rather take low yield, low return in the bond market protected than deal with this market? >> i think it is 3% and above. neil: for republican, they better hope people stay in the stock market, not run to the bond market. >> so many different things are moving. you have different sectors. a lot of things are hinging on facebook. depending what happens with mark zuckerberg and -- neil: market goes lower republican lose, right?
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you want republicans to do well, yes? >> yes, we do. neil: if that happens, then all bets are off, right? democrats take over. isn't traditional fear it will be bad for investments, bad for blah, blah? >> that is the traditional fear. we're watching that. i think we'll see -- >> i'm a dyed-in-the-wool -- >> volatility is good. i think it was asleep at the wheel for so long. >> that was good, wasn't it? that is what democrats say. >> actually it is good right now. >> i will say one thing right now. neil: real quick. >> the markets have done very good under president trump and obama but he extended it. if you missed the bottom, we do go into a trade, don't do anything fast, make sure we're going into a trade war. neil: you've been reading chris's book. >> if you want to get out at the top, missing the top, who cares, you still made okay. >> no knee-jerk reactions. >> that's right. >> you can get out. neil: you never know when you
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catch an exact bottom. >> that's a snapshot. i want people to breathe, look at it, understand what is going on. here is the thing concerns me with the whole trade war discussion how long will this go? how long -- i love the fact the market rebounded so fast. >> when is the deadline? 60 days. >> 180 more days. neil: 60 days, that cooling-off period potentially go as long as 180. >> right. >> next half a year. >> correct. >> you know what that means? the gop could lose the election. >> don't say that. don't do that. on your shoulders, charlie. neil: we're up 315 points. bond not doing much of anything else but the big story so far seems to be very issues that were caught up in the downdraft on trade fierce are running up -- fears. as i often do, charlie and i like to remind you don't live in the moment. it is only a moment. after this.
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neil: maybe not as much fire today. facebook trying to claw its way back here. a lot of back from where it was. hillary vaughn is here. hey, hillary. reporter: neil, mark zuckerberg says he is not stepping down
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from his own company. he says no one is going to be fired over this data mess that continued to rock the company but zuckerberg is going to face a panel of his critics here on capitol hill next week. he is testifying before two senate and house committees. the facebook ceo says the breach is a lot bigger than they originally thought. 87 million users could be potentially caught up in the cambridge analytica scandal. he is reminded users all the information that was gathered is information you chose to share online. >> the vast majority of the date that that knows about, you chose to share it. it is not tracking. other internet companies or data brokers might buy and sell data but we don't. >> zuckerberg says he doesn't think the scandal has had a meaningful impact on the company but admits it is not good. the cleanup from all of this is going to take some time. >> i wish that i could snap my fingers and you know, in three
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months or six months solved all these issues. i think this is multiyear effort. that doesn't mean it won't get the every month. >> suckerrering about is saying -- zuckerberg says it is public they may need to be regulated that the government may have to rein in his own company he started. back to you, neil. neil: that is fascinating take when you go on there. look what zuckerberg is saying, when you sign on and agree to this sort of thing you agree to share the information. i don't think you agree to sharing ad nauseum and his proverbial uncle in politics and slough it off. that could be a problem when he testifies next week. he will be under enormous pressure as both the left and right are ready to take out the daggers. ubs senior vice president and heather hansen how we should deal with this.
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heather, end with you, begin with you, always a tough job to appear before a congressional committee. you won't be allowed to say much. the questions are longer and loaded for bear. as a pretty good lawyer, how would you advise a client like that? >> he has to do what he is trying to do thus far, neil, take some accountable. he is is saying i'm responsible for this. the problem he has to take more accountability but i don't know that he is capable of that. with 2.2 billion users he is bigger than most any government. he looks at facebook like a government. government officials are accountable. we hear in america have a government we hold accountable. i don't think mark zuckerberg is in a place where he is really ready to take the kind of accountability he should and will be asked to do next week. neil: jim, you have invested, followed these guys, all the very successful career, to a man or woman, when i look at this industry they are very big i.q.,
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very low eq. in other words all brains, very little heart. not meaning to trash them, just saying they're brilliant for a reason but they sometimes don't get their heart and passion with it. steve jobs used to but. it is tough issue for him. all these guys will be colling down his throat. how does he deal with that? >> that's right. it is quite different talking to reporters than facing down righteous indignation of grandstanding politicians. that is quite a different thing. neil: politicians grandstanding there, but i understand what you're saying. >> they're all grandstanding especially if these are televised. we'll get a lot of them and very little of zuckerberg. maybe that is better. so far he is saying right things, a, i'm sorry, b, we have to fix things. i don't think people will be too satisfied that he says this is going to take years. for investors they will have to look at this say, wait a minute, how much revenue is coming from
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activities that we might not be comfortable with? he is going to have to send that message out. today the message he is sending out appears to be the right one because the stock is rebounding very nicely. as you point out it has a ways to go. we don't know what the numbers really look like. the reality, neil, people knew already their privacy was in jeopardy. you can't call out syria, alexa, any of these devices have them respond to you if they were not listening in first place. everybody knew their data was a little bit in jeopardy, it is a matter of degrees. what will come out, we'll learn really how much of our privacy has been violated. how deep does this go? neil: he opened himself up, heather to regulation. that is always a slippery slope for sure. if you were representing him you would say don't volunteer anything but he already has so where does that go?
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>> i think regulation is probably in the future for facebook and i think in some ways he is open to it he almost said this is something almost bigger than he knew was going to be and bigger than maybe he can handle. i think the empathy piece you pointed out earlier, neil, is really important. i wonder, someone said this on twitter, i wondered a lot, will he let his son use facebook? we all know that our privacy isn't there, i don't think that people, even the younger generation, i attended stanford law last month, those students are not hip on facebook. they don't like the idea of russian interference. they don't like the idea of this information being shared. so i think now as a whole, as a nation, as a world, we're seeing that that information that we are sharing may being shared with people that we don't like. regulation may be the next step. neil: real quickly, jim would you buy facebook, jim would you buy facebook at these levels? >> well, look i can't recommend
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a stock on the air like this. i can tell you we have it in a lot of our managed portfolios. we've done both buying and selling of the stock. i do want to point out on deregulation standpoint or regulation standpoint he has got competitors. whether it is twitter, whether it is snapchat, there is other sewing medium, he might be sneakier than you think inviting regulation, he might be saying if you regulate us you have to regulate everybody so we can be on even playing field with our competitors in the social media space. neil: we'll see. guys, thank you both very, very much. drama unfolds next wednesday when zuckerberg speaks before the house commerce committee. we'll have the lot more on that. dow up 263 points. stick around. you're watching fox business. [fbi agent] you're a brave man, mr. stevens.
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neil: all right. they call it a caravan. apparently not unique to this latest caravan reportedly broken up in southern mexico here. we're told at one point it had 1000 honduran, largely illegal immigrants trying to make their way to the u.s.-mexico border. never happened. we're told the mexicans broke it up. these caravans or collection of immigrants who come in from one country to make their way to another country, they're not unique to this region. the size of this particular grouping was. the president taking a vow for getting it under control. saying the caravan, if i can read that, guys, not take my word for it, that is what you guy. rebecca hine rings, hudson -- heinrichs hudson institute senior fellow. he is taking a boy for this. should he? >> i don't blame him for but too soon to tell. reporters embedded with the caravan some of the men from that group were not detained.
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they still may be on their way to the u.s. border. neil: to do what? to do what? >> try to seek asylum to get into the united states. if they can't do it through the asylum procedures then to get here illegally. it is true though that the president's tough talk had, not just talk, tough stance on illegal immigration has had an overall effect on illegal immigrant crossings since he has taken office. from march 2016 to march 2017, the drop of illegal immigrant crossings dropped 60%. many people call it the trump effect. his position has had a effect. it is too soon to tell this particular caravan, some of these illegal immigrants will try to get across this border. neil: maybe you can educate me, maybe the caravan was catalyst for this, we'll have troops on the border, national guardsmen. other presidents have done that. i'm wonder about the timing of
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this, what do you think? >> absolutely. the timing is directly related to this. the president is frustrated. we're the most powerful country in the world. we still have 1000 illegal immigrants crossing regularly we can't seem to get ahold of. so the president is incredibly frustrated. when he sees this audacious caravan marching through mexico and mexican government didn't do anything about it, didn't try or pretend to do anything about it until the president started making very outspoken threats, then i can understand why he would say what other options do i have as commander-in-chief. neil: he complimented for the mexicans dealing with caravan issue. i know works on a lot of level negotiating what have you, what is going on there? >> he is trying to show in a couple of his tweets he mentioned that the mexicans actually do have tough immigration enforcement if they would just do it. he praises them whenever they do
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it. so i think in doing so, he also puts pressure back on u.s. congress. if the mexican government is successful doing this, why can't we? so, he has got a point there. i think it is still too early to tell with this particular caravan, we'll see if it is true, there are hundreds of these men who are still trying to get across the border. neil: thank you very, very much, rebecca. always good seeing. >> you thanks, neil. neil: karl rove has worked with the president who is also trying to police the border and very disciplined doing so. talk can sometimes be cheap, whether you're talking about a wall, whether you're talking about moving forward on a whole host of other issues, once you're in the oval office it is very tough to follow through. it could be a good thing or a bad thing. we'll look how it affect this is president, right after this commercial thing. ♪
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neil: soybeans are one of those agricultural products tar get of chinese tariffs. you get tough with us, mr. president, we'll target you. taking it on the chin yesterday. some coming back a little bit. jeff flock at the cme. what is going on there now, guys? reporter: they have come back, neil. soybeans farmers are pretty freaked out. >> angry. reporter: phil flynn agrees. here is what he said, no trade war. not so much like a trade war. not a war. little more like a police action. >> it is. reporter: something we could be mired in for decades. >> it could be but no, i think what my point is, nobody is going to die in a trade war. not that as big -- fear is more than the reality right now. both sides want to talk neil, right now.
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both sides these are negotiating tactics. the market already seen that right now. we're seeing calmer markets prevail. reporter: we're looking live at soybeans options market. a lot of activity in this. let's put the numbers up, neil, if we can. how big of a deal are soybeans in the u.s.? china, 30% of the u.s. crop goes to china. >> absolutely. reporter: 60% of the crop go, 60% of the exports go to china. $14 billion worth of trade surplus. trump is talking about reducing trade deficit. this is responsible for surplus. >> those numbers you quoted probably will not change even with the tariff right now. we saw that yesterday in the market action. who was the biggest buyer on bean down 50 cents yesterday? reporter: they want a deal. >> they do want a deal. they are great traders, great negotiators. they were stepping in to buy the soybeans. they will need to buy the beans whether 20% more. reporter: trade war? >> i don't think so.
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reporter: donald trump is he not known for backing down on things? >> tell me about the steel and aluminum tariffs? how many countries cut a deal. we'll put tariffs on everybody, but if you want to make a deal, call 1-800 make a deal. i think that what will happen with the chinese. reporter: you think so. >> i know so. reporter: you're like larry kudlow. you're a free trader? >> i'm a free trader. i'm for free and fairer trade. sometimes trades can not be exactly even, but at the end of the day, it is like bears-packers games. when the bears play packers they get called for holding every time, but god for bid they hold their quarterback, 10 yards. they come, it will be okay. neil: i have no idea what phil flynn was talking about. but neither did i larry kudlow. reporter: definitely. that is the secret, isn't it?
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that is their secret. neil: crazy professors. brilliant both as are you jeff. thank you very much, guys. take your act on the road. i think you have a little abbott costello action. bush 43 former deputy chief of staff, best-selling author karl rove. karl, so much i want to get into you, including anger in some of the particular community want to get rid of william mckinley statues. talk about the trade back and forth, where it goes. you hope cooler heads prevail and we go beyond just the ratcheting up of this but it doesn't always work out that way. what do you think is going to happen here? >> we don't know. but let's take south korea as an example. we had a big kerfuffle over the free-trade agreement. president trump bashed it. said he would be willing to walk away from it. and renegotiated it. declared it a victory. what happened? the united states got an increase in the number of
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automobiles we could sell south koreans, that met u.s. standards for emissions but not south korean standards for emissions. then we extend ad ban on or limit, excuse me, on a certain kind of automobile that could be exported from south korea. and president declared a victory. well we have never exported to south korea anywhere near the existing limit of the vehicles that meet only u.s. emissions standards but in the south korean standards and the south koreans have never exported to the united states anywhere close to the number of vehicles that are already limited. so in essence it was peace saving, the agreement stayed in place. there are things that should have been changed in the agreement but the changes that were made i think entirely cosmetic and minor and gave reassurance to this idea we'll hear a lot of talk about trade but what we see at the outcome of it may not be as dangerous and as difficult and problematic as it appears on the front end. neil: i always remember like the
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ronald reagan line in a different venue, trust by verify. let's say the chinese do make some concessions i don't know to buy more semiconductors, u.s. computer chips and the like to open up their, you know, their institutions to more financial u.s. firms. how do we check that? how do we enforce that? >> those will be relatively, managed trade issues like that we'll buy more from you of certain kinds of things. we can monitor that. openness of financial, we'll allow you to sell more financial products here, we'll monitor that. neil: do you believe the stuff -- remember old days they were growing at 13, 14%? >> no. neil: i never believed that. that is impossible. they're giving us numbers to say we're doing this, i know it's a dumb question, karl, how do we confirm that verify that? >> we have to use our own numbers. we have to monitor our exports to them be able to say yes, they are buying semiconductors.
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they are meeting these targets, but neil, this is the not major problem with china. the major problem with china is, that they're stealing our intellectual property. and none of the things we've been talking about here the last couple days with regard to china have much to do at all with that particular problem. and a little bit concerned that the administration is focused on something that it need not be as focused on. we have $337 billion trade deficit with, with china and we want them to cut that by $100 billion by buying more things from us. i'm more concerned about them stealing our intellectual property so they don't have to import stuff from us because they're making it themselves. we ought to be at the wto filing actions against the chinese for these kind of requirements if americans companies want to do business in their country they have to give up their intellectual property. we should use our cyberdefenses to identify people sweeping through systems of american companies and sanctioning if need be those people who are in
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many instances associated with the chinese government at some of these sort of cyber institutions they have got inside the country quasi-private but at the same time quasi-military. neil: i'm shifting gears. i was fascinated about your column, talking about a community that wants to take down statues of president mckinley. >> yeah. neil: who you wrote a great biography on sometime back. i'm wondering why? they're doing it along with confederate generals and the like. how he is lumped in all of that. >> they accuse him of quote, murder and racism. it is led by a local indian tribe, the yinot tribe and responsible for their lands being taken and massacre of their people and their children forced into involuntary servitude that happened in the 18 '50s. the massacre was supposedly taken in 1850.
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william mckinley was teenager living in ohio. accusation of him being a racist, he was a son of abolitionists who joined the army in 1861, not just to save the union but end more scourge of slavery. throughout his entire adult life fought on behalf of civil rights for blacks. he worked hard to pass a constitutional amendment guarantying voting rights for blacks in ohio. as a congressman he supported federal action to guarranty civil rights throughout the south including voting rights. as president of the united states he appointed more african-americans to federal positions ever been done before. this group of lunatics in arcata california say he is guilty of murder and racism. neil: that is northern california. >> very northern. north of humboldt. one of the great, look they accuse him, if push comes to shove, they say well, you got to blame him for having signed the curtis act in 1878. that is why he is guilty of murder and racism that polished tribal government of so-called
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five civilized in indian territory, paving the way for oklahoma to become a country, became a state of the union. its sponsor was himself a native-american heritage, congressman curtis of kansas. and the idea this is somehow some kind of racist gesture is absurd. she is people have no idea who william mckinley is, but in weird, left-wing, spasm of political correctness they're doing it. irony the group is headquartered in a unincorporated community in north of arcata, post office is designated mckinleyville, california. been that way for 120 years or so they will not be able to tell the government office that pretty darn quick. neil: let this be a warning to any of you quickly trying to dismiss or make light one william mckinley. that is the gentleman you bumping into. >> i'm coming after you if you are, my friend. neil: karl rove.
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i knew we would get a response there. we have more after this. this wi-fi is fast.
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i know! i know! i know! i know! when did brian move back in? brian's back? he doesn't get my room. he's only going to be here for like a week. like a month, tops.
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neil: all right. this is a warning to you never-trumpers out there, don't like him, charlie gasparino is with us. get nasty email when you come on. it hurts me. >> you get the feeling people
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giving us nasty emails after they do that, they scream, mom, i need the meatloaf! we do have breaking news here. neil: concerns joe biden. >> former vice president is telling wall street associates he is seriously considering a run for president in 2020. what is interesting about this -- neil: telling wall street guys? >> going to wall street friend, associates, a lot of connections there, people that would raise money for him. listen i'm seriously considering running for president but only if one candidate runs, trump trump. why is it contingent on trump? trump has made statements he is probably going to run. he already hired a campaign manager for 2020. because of the age. what biden is telling people if trump decided not to run, something happens, and he goes up against kasich or maybe mike pence, the age difference, biden would be 78 in 2020 or going on 78. neil: how old is president
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trump, 71. >> trump would be 74. the age difference between he and trump is not that great. age won't be issue. but if he he goes against kasich or pence that would be issue. he is actually saying this, going around to wall street twice. by the way wall street guys always like trump -- always like biden. given him money in the past. biden really thought he would be a better candidate than hillary clinton last time around. he told people he could have beaten trump. so he really still holding on to that. neil: he ran for president couple times himself. >> absolutely. neil: didn't work out. >> written in stone? he is telling people seriously considering it trump is the factor. neil: he has a statement. >> we do have a statement from biden's pr person which doesn't deny it. put it up on the screen of the basically said, listen, hasn't made up his mind yet. but when i ran everything by him, bill russo the flak for biden, basically said i have no comment. he is clearly moving in that
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direction. neil: all these prominent names, biden, chief among them, president of the united states, you would be foolish not to consider it. >> yeah. neil: if you know it will be fielders choice with dozens of interested democrats pondering a run, they all have a shot. >> the theory is if biden throws his hat in the ring the others back out. i bounced this off a couple political consultants. this is someone theoretically take various wings of democratic party could unite them. president obama, progressive president a vice president. known as appeals to blue-collar whites. this is way of galvanizing the party. he is thinking, one reason why he is seriously thinking about it, he is looking at president trump's approve ratings which have gone up lately. still not great. still think he is vulnerable. neil: would he have the halo effect president obama did? the rap for democrats with president obama, they did very well in elections where he was
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running, not so well when he was not on the ballot? >> that is one thing. the other thing all these guys look great until they actually run, you know what i'm saying? when you go in there, joe biden will be questioned about stuff in his past, statements he made in the past, he made a lot of crazy statements, you know, he becomes less popular. neil: a is it early favorite, most recognized name ends up being nominee. >> he has not declared. neil: in 2008, hillary's nomination to lose, right? >> what is interesting about this, take it for what it's worth. neil: sure. >> he is telling people if he does do it seriously, all contingent on trump running. it is in the back of joe biden's head, a lot of people president trump might not do it in to 20. i'm not saying he might not. he is telling people he is. talk to people close to trump, i talked to a lot of friend saying walking away going back to his prior life.
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neil: i don't see that he likes the plane. going back and forth. flying into joint base andrews. >> like what is his twitter feed does. neil: great deal of power. >> biden, if you talk to these wall street guys and maybe, it is degree of interpretation -- neil: understood. >> they think if trump runs they think he is in. would be 78. pretty old. neil: 50, 60, it is the new 20 think about it. >> yeah. neil: thank you. by the way the president is heading off to west virginia. that is where he is is going. he will have a tax reform roundtable. i don't know who will be on the roundtable, but he will be there, pounding one of his most successful efforts. he and republicans. that is what he is hanging his hat on, more after this. as a control enthusiast, i'm all-business when i travel...
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we have a panel with us to discuss. west virginia is a key state for the president. he won big bear and hopes to keep the republican flag flying. what you think. >> i think he will try to go to all the battleground states for the 2010 election and will make the case this is not going to hurt him. he is going to make the case this is ultimately very good for the united states not what, the trade thing or the taxing? >> both. that will ultimately create jobs for that's the case he has to make. he also has to remember when you look at the farmers who are not selling their goods to china, were getting reports that they're slowing down purchases of equipment and buying houses that could impact slow down the economy.
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he has to get there first. >> everyone says cooler heads prevail. >> cooler heads never prevail. >> if you think about it, rarely does that ever happen. >> the business reality is the chinese do cheat. they steal property and so forth for the economic reality is no one has figured out a way to punish the cheaters without inflecting more harm. ronald reagan once said it's like being in a vote when the other guy shoots holes in the bottom of the vote. >> ronald reagan did and he regretted that later but he did
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it. >> the political reality is very hard to sell that idea that there's not much you can do about it except hope the inefficiencies catch up with the other side. >> yes reagan did it, but didn't really yield great results for the economy? you might help joe the steelworker and hurt john the farmer. >> a lot of people focus on our tariffs but were doing it because they're doing it for the fear is, forget the chinese, they should be beholden to us to put this outfall for the world to see. >> i think the comments, going
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to the wto which i think a lot of free-market supporters had been advocates of, yes, china is cheating, they're not doing something right but how we deal with that. threading tariffs may not be the right way. do we do something directly opposed to the threat of a tariff. that's one way to go about it. i'm not sure. >> he said something about the immediate see about before the tariffs kick in in our markets and elsewhere, everything from soybeans to pork belly and cotton and areas directly affect of, they have been sliding in their little more stable today since this was broached.
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you don't have to wait for farmers to feel that and businesses to feel that. what you make of that? >> if you take pockets of the country and add them all up where this could affect the local businesses and economy, you are looking at a bit more of a slowdown. according to the economists who focus on this, they have a small chance if they were to be incremented. >> what does that mean. >> in other words, if the tariffs were implemented or imposed. >> it would turn everything upside down. >> no, what they don't factor in are the unintended consequences. the thing i'm holding back, i need to wait and see. i need too, i'm not can i get the help. let's hold off on another car for the family.
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the markets don't like uncertainty and neither do individual. >> flip that around, i don't know your take on it but a lot of these could slide. for consumers, i know this is a simplistic view you could say hey, if this is a trade war, bring me more wars. >> you might be able to say that now. trade wars kind of like mutual assured destruction. they use it to leverage it for some concessions that it only works if you don't have to fire the gun. if it's just the threat of a gun. the president has come into office trying to pressure some of our trading partners. i think a far better thing, if you really wanted to do a good job for free and fair trade, i had to write it many times and i saw a reagan use it, get a free
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trade deal with britain who doesn't have many conflicts with us. then says open to anyone else who wants to have the same terms. it would give britain a great boost. be careful what you wish for, mr. president, you might get it. and if you get it the only way you will get results is to play this tariff game which is sort of like russian roulette. >> i thought about it from day one. we talked about if there is one issue he would stick to his guns on it would be this one. on trade he has a 30 or 40 year record of talking this way. but, since we've had that
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conversation for the last few months, he has done a couple things that make you question that thesis. call rogan was talking about this. he got to deal with south korea that may not be the best deal in the world but he says it's the best deal in the world. does he do that with china and given. >> i fully agree with that but appearance is everything. if the chinese capitulate will he do something to narrow the gap. >> will claim it's a victory and perhaps it will be because it will be better than the playing field we had before, but i also want to point something out. the japanese were very smart about putting production facilities in the united states so that when you go after, when we did go after the japanese, and now they are in the u.s. and their big employers. the question then becomes do you
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want the chinese coming in and doing the same thing. the answer probably is, let's be careful what we wish for because in certain areas, yes that's fine. >> but you have to address it. when the chinese cheat, how do you respond to that. >> there's nothing wrong with renegotiating contracts that were signed years ago. >> you are working with the president very issue. >> there is unfairness in the world. i'm old enough to remember when it was the japanese and when richard apart was running -- >> don't date yourself. >> so we've always had this, and i think the real answer has been there inefficiencies have caught up with them. but i think that's the best you
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can hope for. back to the metaphor of russian roulette. remember the deer hunter when robert de niro was forced to play russian roulette? it's kind of like trade. you put four bullets in the chamber. in that case he shot all the vietnamese communist but the odds are very low. >> one thing i think we can do, which is realistic given the chinese th are the second larget economy, $12 trillion, this should not be in the category of emerging markets. they should be a developed market and be treated us such. having them in the category of emerging markets gives them many more benefits. >> who decides a? is that a wt oh call? >> yes. remember when the chinese were putting their currency in the international monetary fund, they demanded and ultimately the
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u.s. said yes, okay you can have that. but if you're going to be in that basket, you are in the basket of a developed market. let's put them in that category and that will change things. >> will this crisis passes. >> another crisis will take over this one. >> really. >> it always does. >> i think it will pass but i worry if the lesson is go club your trading partners and it leads to something bigger next time. >> we just got a comment from the president on your comment. sad. [laughter] the dow is up 277 points. a lot of the stocks that were bumped right now are coming back. it's a volatile market. they've all been reporting and volatility is the new norm.
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♪ simple. easy. awesome. come see how you could save $400 or more a year with xfinity mobile. plus ask how to keep your current phone. visit your local xfinity store today. all right, this is the thing that has a lot of facebook shareholders saying maybe this
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is the turnaround. it's up today as mark that the burg says their numbers are just fine. >> i don't think there's been any meaningful impact that we've observed. but no, it's not good. i don't want anythin anyone to e unhappy with our services or what we do as a company so even if we can't measure the change in the usage of the product or the business or anything like that, it still speaks to people feeling like this was a massive breach of trust. >> we have our new entry here, christina. we have tech analyst. [inaudible]
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thank you. let me get your take on where this is going. i always think it was a risk mark zuckerberg took say he was open to regulation, because he's going to get it. now the question is what is he going to get. >> i think he said then spoke to reporters yesterday to get have a congress by dimension the trial would be next week. he will get grilled. >> both sides. >> they will use this opportunity to hone in on facebook, but i think right now that did ease investor woes. you suck climb above the 2% right now but from the notes i read it seems like people are saying there still potential for the stock to climb higher and it may have actually bottomed out and now is the time to get in. in terms of regulation, i think he's trying to get ahead of the
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curve and it will happen. what is right? what's accurate? >> you will start to see a curve if it happens closer to a year from now. people are not super intrinsically worried about this stuff. >> you know this internet will be huge. [laughter] >> people will not abandon facebook overnight, but if again, if they think maybe i shouldn't put my grandkids photos on facebook because i don't know if they're trusting
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that because the grandkids are going to that. >> have no idea about facebook because they don't use it. >> they do use instagram and they do use whatsapp. they don't talk about it. nobody's talking about it. the younger millennial's are using only instagram. >> what's the one that erases. >> snapchat. >> instagram stories but they're saved in your archive. >> the thing about instagram is that they have way less, facebook has all the data because every ho everyone has an account but what instagram is getting his way less than what you'd get from a facebook account. if a kid only has an instagram account, it's way less valuable from facebook perspective. >> what did you make of him saying that you have to deal, when you signed up with us you said you do this, this information would be out there. now we acknowledge it.
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>> the most shocking part of yesterday was if you have a facebook account chances are your data has been scraped and in answer to that. >> what does that mean. >> taken and harnessed in packaged input with a. group. >> till you get to decide who. >> no, not at all. it's a complete scandal. >> you wonder why i don't use this whole internet thing. >> you have no si social media? >> you have twitter but you don't have facebook? >> you are on a need to know basis. >> he's going to be asked next week, you are open regulation. some of his colleagues are saying don't open yourself to this. >> you have to think about what's going on. facebook is complying right now and he also said he was going to take whatever, i don't have the
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full details, but the right to be forgotten and apply that all around the globe. i do believe this is an inevitable moment in facebook history. >> it could lose its appeal because that's how you make a lot of money. >> what other big competitor can provide that amount of data. they are still the only ones that may know that with 2 billion users four minus a few hundred. >> i can't not think that a number of people have left from facebook. >> one 100%. i think there are people who are more plugged into the news that's going on right now. like i'm done, that's it, there's been a delete facebook movement. it's a # and everything. >> what you think tim cook's attitude is on all this. >> they have our information
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apple, but to sell us phones and watches they don't need it. i thought the telling line from tim cook was, the best regulation of self-regulation but that ship has sailed. >> it's also like icloud gets hacked tomorrow. >> it sets yourself up for bad,. >> there has been tension, even steve jobs eight years ago was talking about protecting privacy, that it is a human right to have. >> that's why he was probably so guarded and proprietary about everything. he guarded it with that crazy, almost maniacal view about privacy privacy. >> he would say ask them every turn. asked them until they're sick of answering. apple has had an extremely different worldview.
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>> for social media people who are picking and choosing where they go, there are funds devoted just to the sector. less inclined. [inaudible] >> based on what i'm seeing right now you see about 210-dollar price tags coming from bank of america who are being cautiously optimistic on the company stock. if you throw facebook in the mix, it's gonna be slower. if anything operating cost will be hit big time because they're having 20000 employees to work on security. >> you believe that when they say that. >> no, but he also says he's taking full responsibility, not firing anyone in the first company to do this for their learning from their mistakes. >> i also think facebook will buy more purchases like
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instagram and whatsapp and i'll just be a little more careful going forward. >> i think it's always going to be a risk. look at aqua facts. that was way worse. in some cases your social security number, your drivers license, your entire credit history. that was scary. >> is all you have that much data you're always going to be a target for everyone on the planet. you are valuable and you will be a target. >> you said that scares you, facebook knows the distance from your ear to your nose based on photo recognition.
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>> i had a drag along to get up to speed on this. right now all these stocks are doing okay. the dow was up about 149.5 points. this is a market dictated by the ab inflow on trade and whether will be looking at a war with the chinese were worse. the less it looks likely, the more stocks look good. more after this. termites.
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we're on the move. hey rick, all good? oh yeah, we're good. we're good. terminix. defenders of home.
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we stay with you to and through retirement. i get that voya is with me through retirement, i'm just surprised it means in my kitchen. so, that means no breakfast? voya. helping you to and through retirement. >> the president, as you know has been moving to militarize the border. the initial impetus had to do with the approach of the caravan of illegals, that caravan simply broke up along the way but he still sending guards. the question is what will happen on all these developments. >> likely what i am told you
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will not see our national guard soldiers standing on the border with their m-1 m-16 arresting illegal immigrants. the first priority is air national guard. everyone wants more awareness. repairing vehicles and video surveillance, repairing the fence and improving the road. anything to get more agents to the front line. responsibility is not unlike how they help secure the border in 2010 and 2006. >> it certainly their strong belief that it made a huge difference. in some cases they believe it ended all of the illegal traff traffic. i think we have good case studies that it works. >> what's driving the city. apprehensions did fall over the past 12 months arrests are up dramatically. it's up 16000 over 50000. notably in south texas where apprehensions are three times
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higher than the next busiest sector which is why it could be the first place you see the guard. another driver, demographic spread half of those apprehended are central americans. 90% were young men. 40% are women and children claiming asylum. agents tell me until you see expedited removal for that credible fear refugees can be adjudicated right at the border with the judge or hearing officer, the national guard will help but it won't solve the problem. right now, governors do see in arizona, susanna martinez of mexico, they are all supporting the president. governor brown is undecided. we know that every governor is negotiating with the administration about whether or not they will send national guard members to the border. it could be one or two years or
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until the president says the law can fill in these gaps. back to. >> that's inch interesting. to retired lieutenant general, the point i ended on with william which is where some governors might balk at sending their own guardsmen down, what are the rules on that? >> i think you're going to see a lot of people trying to cross the border in california and given that governor brown does not seem to be cooperative on this. the rules are, national guard on a day-to-day basis works for the governor of the state. it's only when they're federalized under title x that they actually work for the commander-in-chief. these operations will be conducted under the authority of the governors. the governors will have control and as william said, this has happened before. there have been call ups of the guard previously and in fact, i
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think the governor of texas actually called him up on his own authority when he had these train loads of young children coming to the borders of texas. >> i'm wondering, we were told this caravan was moving from honduras through mexico where a lot of mexican security authorities in the next were just getting out of the way and letting them proceed forward. midway through they were stopped, divided, some sent back. had this issue not developed, would we still be sending troops at this time? >> i don't think the caravan was the single issue that prompted this president to make this decision. he did not get the funding for the wall that he asked for. they are fighting the president at every turn in what it takes
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to secure our border. he said i know you can help and that's what you're seeing on hold right now. the president seems to be attaching it to the wall and there's growing frustration that while they got 1.6 billion in funding to start or continue what they're doing on the wall, it will be nearly enough. >> i think you will see continual struggle in congress. the president had campaigned on the issue and it will be a continual battle over the wall. let me say this. maybe this will prove on the prophet. he is going to get the wall. he will get the wall in the end. just watch. it won't be easy and he'll be in
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a continual struggle against democrats. some people in his own party, frankly. >> you're right about his own party, there fighting him on this and saying whether it's a money excuse or that hell came to the democrats on the aca. is it safe to say it's a fairly good assumption that they won't be for the. >> i think that part will be very dust. there will be a wall. look, i think he's doing exactly the right thing putting those national guard people there and i think what we said is the key to this. they are working in a support role. you don't give them arrest power. you give them rules of engagement that will allow them to protect themselves in the border but you don't put them in a role of enforcing civil law enforcement because. [inaudible] even though that can be overco
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overcome, that's not what we want our military to do. we don't want them to come in cross as a militaristic state. that looks too much like a third world country, but i think what they, the roles they will be cast in in providing logistics, helicopter transportation, medevac, communication and surveillance and i think they will have a significant positive impact on what's coming across the border. >> agree or disagree, you answer every single question. it's an odd trait. >> the president will be in western virginia shortly. he's talking tax cuts and folks who are benefiting from that tax
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from, from... from darkness to light. ♪ you're not gonna say it are you? the president is going to talk taxes. he is in the battleground state of west virginia. is that what folks need to hear and be reminded as it seems like most americans have seen in their paycheck, the good that's come of them. that will be the president's pitch among other things. patrice, without community and not very important state, certainly for the president, one of his biggest wins, he is kind of preaching to acquire, right? what you make of it. >> i think this is a great audience for him. certainly one of his strongholds but it's a reminder to both west virginia voters and the broader american public, the connection
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between tax cuts and the strong growth in the economy and job cuts in the unexpected surprises that came out from pay raise to new benefits and salary increases. i think he doesn't want americans to forget that, especially when you think about the midterms coming up in the fall. >> are they looking with this tax cut, as you see it. we got caught up in trade so i think the republicans were kind of surprised by how polls will for the party would match up or that the president's number would improve, but i not nearly enough to tilt which would be a blue wave. what do you hear? >> republican saw this close in january after the tax cut got past. they saw the polling on the tax law itself improve. it's that the little bit as of late, it's back underwater only about 39% approved in our politics average and it's call t
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40 disapprove. they still have work to do. this is it. this is the singular achievement legislatively that republicans are going to take the voters in november. i think trumbull also mentioned the rollback of regulations that his administration has done, obama era regulations, particularly on the coal industry. it will be interesting to see if he mentions scott pruitt who is under fire right now in the white house secretary refused to say that he had confidence in yesterday. >> when it gets to that, you are a dead man walking. i'm not smart enough to know the inner workings of where the staff decisions will go. to hear, some wall streeters an average streets with whom i've been chatting, their concern that it's can offset the gains from the tax cut.
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it could weigh on voters minds assuming that it doesn't get resolved the presidents way. >> i think voters are going to be looking at the prices at the grocery store. has aluminum foil increase. has some of the general things they five or the inputs in the goods that they're producing have the cost increases as a result. i think that's the way the administration is trying to position this as better fair trade policies in a way that we haven't had before. >> i'm wondering how this sorts out. republicans are very worried about this. it's escalated beyond aluminum and steel related goods.
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i'm wondering how he's going to sort that out because most of the complaints i've heard is coming from those within his party, not outside. >> correct. pelicans all across the country and the ones in washington and everyone up for reelection, they are nervous about it. the white house has been doing their best to tamp it down. yesterday they tried to say look, i don't figure will go to a full-blown trade war, this is just a tool for trying to fire a shot across the bow. i think they hope that's where it ends up and it doesn't end up being a drag. they need every possible wind they can get at their back. economic growth is the key they're looking for. >> does this boomerang? if it works the president is a genius. it all work out fine.
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they're buying more commuter chips or what have you, but then it sets the stage that if you want to resolve problems with other countries, this is the way to go about it. i don't know if your democrat or republican offensively want to go. >> it certainly does set up that scenario. i think were all hopeful that that is not what ends up happening that the backroom deals are the discussions that are being had, this creates leverage for that but it does open up that opportunity for this to happen for trade deals with other countries. i do think at the end of the day most americans are probably not following it as closely as we are, but i think they will be looking at the grocery store and the gas pump and what their costs are going to be in if they're rising. so far don't think we've seen those increases, but come election time, if we do, i think there could be real concern. >> thank you both very much.
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we were mentioning this, north dakota senator on all that is concerned. >> there are a lot of soybeans there, as you know. what worries them? you will know, after this it's great to finally meet you. your parents have been talking about you for years. they're all about me saving for a house, or starting a college fund for my son. actually, i want to know what you're thinking. knowing that the most important goals are yours, is how edward jones makes sense of investing.
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>> already in some of these future markets, we've seen soybean prices coming down with seen pork related prices coming down, this idea that all the sudden a lot of folks in key areas that the president one in the midwest and elsewhere are taking it on the chin. what you tell them. >> isaac a lot of those folks are sick and tired of unfair trade practices. you can't put the onus on president trump. the onus is blame china. >> all right. larry with the white house economic council had, former financial commentators in the white house isn't worried, he isn't worried so why do i sound worried. who's to blame, china or the white house? we are who we are. have north dakota republican senator, he's just concerned this could get out of hand. i think that's the gist of it. that's your biggest concern, right? >> good to be with you neil. we recognize china does not
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follow fair trade practices and of course the administration is trying to get china to not only engage in free trade, but fair trade and we understand that the effort, but at the same time we want to be careful because we are concerned and products agriculture products are the ones that end up with retaliatory tariffs. that's why we have to be careful as we work through this to make sure we don't have tariffs on our products. >> right. a lot of these products are treated on the market and a lot have been going down. as a little bit of stability today but everything from soybeans, wheat, corn, i could go on and on. this could hurt is what were told. it's already hurting before tariffs would take effect, if they ever would. what are your folks saying. >> these are potential tariffs so there is a comment. until about may 22 in that timeframe. then the administration has
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about 180 days, six months to decide whether or not they will impose tariffs. what china has says is that they would impose retaliatory tariffs. that's the concern. it's very important that this negotiation be conducted in a way where we don't end up with those tariffs. that's why we make the case, we export $14 billion worth of soybeans to china every year. 1.5 billion of those come out of my state. whether it's beef, pork, wheat, soybeans, corn, all these things, we need these international markets in agriculture. we can compete but these tariffs obviously are big disadvantage for us. what were trying to do is make sure that as we work through this negotiation we are representing what needs to happen for agriculture. >> there is some talk out there that the president people were surprised that the chinese had that rapidfire response when he offered better than a new set of
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tariffs on hundred and five or six items. senator joni ernst from iowa, also a big farming state that i need for him, the president to understand that we are hurting in the midwest. this is not helping. she too, in that camp that says well, it doesn't take much for this to fall apart. to think the president appreciates that? >> what he does, i've been to the white house myself, sat in the oval office and talk to him about it and how important these issues are. he does understand it, but it's important, we continue to make our case. commodity prices are low right now so our farmers and ranchers are struggling. we need to be real careful that we open up markets, which the president is trying to do, that's good, but that we don't end up with retaliatory tariffs. >> let's say this does work. you have any fears that in the meantime it would offset the gains that many in your state are experiencing from the tax cuts and that this could come
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back, maybe not in your state, but elsewhere to help -- hurt republicans. >> that's the key. you combine the regulatory relief, tax cuts and expanded trade. for republicans, that is what we are trying to do. i think as long as we are able to do that, we will be a very strong position for the elections. that's job some better wages and a growing economy. that's what we are working to do. >> it's always a pleasure. thank you very much. >> in the meantime, to the senator's point, if there's worry about this, it's not evidencing itself so far the markets, although highs are still up and a lot of the issues that were going to enter a trade war all reversing those falloff's.
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the president is now having a ride in west virginia for this roundtable. we will have more after this. . . .
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is. neil: that was a quick trip right. the president in west virginia. enroute to white sulfur springs if, he will be addressing loyal fans and a rabid crowd that, some of whom have waited there for many hours there. then a roundtable with some of the, you know, some of the
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business luminaries are west virginia, some average folks have been picked benefiting from tax cuts and state and their own fortunes and livelihoods. and he was expected to give us assurances about perspective trade war he doesn't see happening. trish regan, on all of that. hey, trish. trish: neil, thanks. president just arriving as neil said in west virginia. he is hosting a roundtable on the massive tax cut plan which received a huge endorsement today. the ceo of jpmorgan chase, mr. jamie dimon praising the president's pro-growth agenda. neil: thanks to tax reform, thanks to deregulation, including his very own are seeing growth. all stocks extending yesterday's gains, as they digest america's first tariffs. off the highs of the session, up a solid 168. investors starting to realize here this president really is trying to make sure that we have an even

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