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tv   Cavuto Coast to Coast  FOX Business  May 4, 2018 12:00pm-2:00pm EDT

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and then president trump appears and makes a couple statements about career and the jobs report et cetera et cetera, we were down 151 and now are up 250. do the math. that means we were up a swing of 300 points, 400 points during the day. i can't do math neil, how about you. >> obviously rethink worked out just fine. do we know at what level warned buffett was buying apple stock? was it in january when it was in correction territory. >> . stuart: just anytime in first quarter. when the news broke that was a shot in the arm for apple. >> you said one buffet spine and, no wonder why tim cook is so happy. thank you very much. as i said the apple ceo says he is thrilled that warren buffett is the major investor.
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he scooping up 75 alien shares during the first quarter. the timing might not matter. we had a watch swing on that stock. our numbers guru said in january a rebounded and it's now at an all-time high but it does show confidence on the part of one buffet. he referred to a profit generator and i think he was referring to apple is the largest revenue generator on the planet and double its closest competitor in terms of how much they make. we will be following that and following technology. this has as much to do with what the president seems to be indicating. >> the stock market is up 35% since the election. i think they're waiting to see
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what's going to happen on trade. we will have some incredible trade deals to announce spread my people are coming back right now from china. we will be doing something, one way or the other, with respect to what's happening in china. >> the president said something incredible will happen on the trade front. there is no indication that in the mix for the time being. the wall street journal reports that the u.s. and china made scant progress in these trade talks. remember, there was not much expectation going into the first round of meeting. the next go round is for chinese delegations to come to the united states and then back to china and back and forth. right now the chinese are holding hard to a couple things including a quota about bringing the overall surplus down.
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between 375 and $500 million that the chinese enjoy over us. the chinese wanted that trimmed by at least a hundred million dollars. even a multiyear commitment to bring it down for they also were not very keen on the president's push to try to get their government less involved in their artificial intelligence industry. the government there really supports a lot of these companies in their efforts. they want to say that gives you an unfair advantage that your government is leading the charge. we want that curtailed. bettinger happen either. it doesn't look like anything will have, best when everyone gets home late tonight. they're already in route now to the american delegation. what's to make of that? deidra, before we get into the weeds on the china deal, we have an employment report out. we have a 3.9% unemployment rate and that market has been able to digest and consume.
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explain that. >> i think that is the read and i do consult with our in-house brain who was telling me about this as well and the fact that it's showing up. there is an expectation that maybe the fed will only raise rates two more times as opposed to three. why do people like that? every time interest rates go higher, it's just more expensive for everyone to borrow. whether it's consumers and mortgages and car loans but businesses as well. the consumer is two thirds of our economic power. the headline was fantastic but
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what might make it slow down, it was somewhat muted wage growth. they both came in a little bit lower than expected. maybe that is the sweet spot. the economy is working enough but it's not in danger of overheating. neil: there was concern that the american delegation left beijing with no deal in hand it would come back to burn the markets. then this employment report, warren buffett bought 75 million shares of apple and that offset any of those worries. what you think. >> went away to and the week. we didn't see that massive wage inflation that people were worried about in the jobs report so it was a good report.
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>> . neil: wage is growing around 2.7%. that is sustainable and acceptable for the federal reserve. >> that's right. it's not problematic for the economy. it's not going to stunt growth. we know there's a lack of skilled workers so it's much easier to find a job today which is good news but we don't have the problems associated. the last time we saw on unemployment rate this year low was 18 years ago and interest rates were higher. neil: that's a good point. >> rates are very low by historical standards. it's very supportive despite the fed is normalizing interest rates. when you look at the china situation, worst fear is not materializing. we don't have this great positive story yet but the president is insinuating that we have good news come. we have to assume this is not the trade war everyone was worried about. it's a trade conversation. we're having a conversation with a big trading partner and we will make a deal. you've got the dealmaker in
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chief. he's going to make a deal. we don't know the specifics but we hope our worst fears are not materialized. and finally apple, everyone said it would be a terrible earnings quarter and the worst is yet to come, but good news come spring my daughter, huge apple fan, she wants to only own the stock in the product for the people are still out there. we don't have too much tech despite the fact that i think we do. neil: going back to what larry was saying on how you interpreted the china thing that a deal will eventually happening, i've been following back and forth. if we thought the chinese would be pushovers for boutwell williams and demands, they all went home empty-handed. don't overstate the importance of the ongoing talks, but what if we don't get a quick resolution to this. what if some of the tariffs are ready going to affect in
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the chinese respond by freezing all purchases of u.s. soybeans. you can easily see how this could get out of hand. >> you can let stress that would be very negative for the company that we been talking about, apple gets 20% of its iphone sales from hong kong, taiwan and mainland china. one fourth of bowling planes are sold there. the second biggest market for nike is china. to get on a trade war with china. >> for some reason they are very confident to avoid that and we might but history teaches us that things can slip up here. i wonder if this has been a harder ride than the administration thought. >> a harder ride but in 48
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hours, best case scenario was that the two sides, the two largest economies in the world agree to keep negotiating. if you like and that way it is a win. we are very far apart on some key issues. you talked about a few minutes ago but we have a completely different perspective. from our perspective we say the china you are still $50 billion a year at least from american tech firms. you don't have a level playing field when a company tries to do business and i saw one headline yesterday from a chinese paper translated that was america, when i just to keep making the t-shirts for the world and let you have all the high-tech. there are very data is. neil: we're just fundamentally opposed here. i wanted to address, the markup in the run-up, we live in the moment and that's how it goes. we certainly learned that a few days ago.
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what you think is the single biggest issue that will dominate the theme for trading right now? what do you think larry? >> intellectual property is a major issue but when you see it reflecting optimism on trade, in the global economy we see it coming back from overseas. apple alone is going to pay 38 billion in taxes, bringing back hundreds of billions of dollars to the domestic economy for plants and equipment here, moving from china to the u.s. the whole conversation is very optimistic but there will be consequences when you play tough with a difficult trading partner like china. >> what you think? if you had a step back and say what is going to decide its future movement, what do you think. >> i think what investors hope the most four is the trade delegation comes back with not much news at all. that they realize we need china as much as they need us and were most successful and
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companies are prospering over there. the potential for growth in the future is massive. let's never forget this, when donald trump was not talking about trade, markets were surging. when he started going after china and talking about intellectual property, market started to decline. they're not afraid of the so-called theft of ip but they're very afraid of a trade war. the lack of action from washington is what would cheer investors. >> that's very interesting i want to thank you all very much. in the meantime, as everyone was chatting, we're still up about 265 points, interest rates are stable, tech is doing very well led by apple in the revelation that warren buffett had the most successful investor in history in the first quarter, about 75 million shares. 75million shares of a company he said in an industry he knew little about and wouldn't invest.
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he knows enough about apple that it is a juggernaut. he made it even more so. more after this. the sun is shining so why binge in here, when you can do it out there.
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all right, the president is headed to dallas texas. he will be attending the nra convention. this surprised a lot of folks. he didn't want to make it. this occurred not too long after the florida shooting when he promised to do some things that might rattle the nra but that he wasn't afraid of the nra. will follow those remarks and see what he might be announcing. he's a big second amendment backer but it could all come ou out. meanwhile, the white house is continuing to try to get the story straight on the stormy daniels payment in the muller probe, who better to keep track of all of that. he asked the best questions at these briefings. lake berman. what you hearing. >> not sure we can keep track
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of all this. this is just sort of changed, you have to follow the bouncing ball. over the past 36 hours or so as a relates to stormy daniels and what the president and his team are saying. you've got to go back 36 hours to the statement that rudy giuliani made in which he said michael : funnel the money to stormy daniels through a law firm and the president paid for all of it. giuliani walked it back and said this is a reimbursement for expenses, the president was not aware they were related to stormy daniels another president is saying giuliani is just getting up to speed and he'll get his facts straight. the president also sang a statement should be coming out soon from rudy giuliani himself for the present was also asked this morning about comments that he had made about all of this. april 5, your member on air force one when he was asked
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about this on camera for the first time, the president denied knowing about the hundred 30,000 dollars payment, he said he did not know where michael : got the money, that is seemingly all changed and on his way to dallas for this nra speech, the president was asked, are you changing your story. this was his response. listen. >> were not changing any story. on telling you is that this country right now is running so smooth and to be bringing up that kind of crab and bringing up witchhunts all the time, that's all you want to talk about. >> you said in air force one that you didn't know anything about the. >> you take a look at what i said. you'll see what i said. >> the president also said he will provide a list of the retainer for michael : and what that was all for saying you'll be finding out. separate all of that, but all of that off to the side for one second, there's also the robert muller question, whether or not president trump will sit down with the special counsel, a question that
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continues to hover over this white house. the president made it seem as if today he is amenable to it under one condition. >> nobody wants to speak. i would love to go and speak, but i have to find out that were going to be treated fairly. i asked that we be treated fairly. everybody sees it now and it's a. witchhunt. >> the president says he wants to be treated fairly, nobody wants to speak more than him, his lawyers are skeptical saying that he would override his lawyers if he thanks muller would be fair. neil: i'm still confused but you did outline it nicely. what would it be, would be a good idea for the president to talk about muller? even on a limited question basis, maybe cut it down to two or two and half hours rather than the two or three days i have been proposed to get this monkey off his back, or does it create more
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problems for him. let's go to ron. is the rule of thumb on this? >> i think it would be absolutely perilous for the president to sit down with muller and company. what we have seen in the last two days in the last six months and the last year, to me it's a study in contrasts. bob muller has a strategy. he has a public strategy which is silence until there is something to announce by way of in the courtroom, an indictment or guilty plea, but beyond that silence and in contrast, the president and those who want to rush to the next available camera which we saw correction. bob muller has a strategy. most of assuredly has a
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investigation for pr. he may have to compel the president or try too. he's looking at the longview and the short view. he has a game plan. it appears on the other hand the president and his team have none. they are calling plays, ad hoc, randomly rotating in her now. all knowing that the owner is going to make a decision. i think it would be perilous for the president to sit down with muller and his investigators. is there any hell to pay for that? muller could force the issue
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although many legal scholars say he can. you pay dearly for that? would the investigation turn as a result? would muller and his people take it out on the president? >> i think bob muller and his team understand the fifth amendment. they understand the environment and taking it out on him i don't think it's something they would contemplate. the president understands fully, as does muller, there's a big piece that's played out in a court of public opinion. it seems as though it's almost a home-court to the president. we really don't know what is the truth. we don't know if it's being given to us today or full here it differently tomorrow.
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there may be some advantages to the president. muller gets that. the risks of an interview should be very evident and perhaps you saw the michael cavuto relating his interview on muller's team, and i'm telling you, these are guys who have all the details. they are saying they knew more about 2016 than i did. that's what the expectation would be for muller and company, it would be with the president too. >> like you said, they knew a lot of things and maybe the legal team should be a lot more worried. thank you very much. it was good seeing you again. >> were a meticulous happening of the border, not with the caravan but the border in the larger sense. there are some issues. after this period
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the situation at the border is
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sort of like administratively being handled. a couple hundred migrants from honduras and guatemala, not just mexico. very few from mexico in fact, are making their way to the border whether being processed. virtually all are claiming and demanding asylum. we are obligated to process the paperwork and review what they had to see if they deserve asylum and granted protection. for the time being, a fraction of that group is getting that. it could be anywhere from 18 - 50 when all is said and done. that would represent about a quarter, maybe a little more when all is said and done. this comes with a backdrop for illegal crossing are people jumping on the border have gone much higher in the past month or so. what you make of what's happening now with this caravan?
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>> hi neil, thanks for having me. with this caravan, i think this is something that has popped up in the media and the administration has really had an opportunity to make an example of these immigrants were coming to the country to apply for asylum, and fortunately, i don't think everyone in the caravan understands they have become the center of media attention, and because of that they're also going to become the center of a gigantic deterrent effect that the president wants to have on asylum-seekers coming to the united states for their going to make an example of these people coming for asylum. i think it will have an effect. people see the caravan comes in its successful and they can get asylum and integrate into the united states it will increase undocumented people coming to the border. if the president makes a huge example and reports them from the u.s. after they receive asylum interviews, i think you have a deterrent effect which is what the president wants. neil: is it your sense, john,
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i know the process normally has been we go through the paperwork, we review your request for asylum or just to be let into the united states, and you wait for a court date. you come back and it could be anywhere from a few days to a few months. the very few come back. they been waiting and hanging out in the united states but the stipulation here is you can't wait out the united states. you have to wait out in mexico. is that right? >> this caravan is being treated a little differently because they are not illegally entering the united states and then seeking asylum. they are walking up to the border illegally and saying please let me end so i can seek asylum. because of that the custom and border protection officers are saying we've had capacity for the day, we can bring you in or interview you so you have to stand mexico and it kind of set up almost quasi- refugee camps along the border were small groups are having to
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live and wait their turn to come into the united states illegally. >> you know john, what's going on in april when we've got over two 100% increase in illegal crossings over the border, was there an event triggered to that? >> traditionally march and april are two very high months for people coming up to the border and coming into the united states legally or illegally. it's the end of winter and before summer. over the past decade we've seen an influx in march and april. what we see this year compared to last year is the new norm. last year we had the trump effect. he was elected and people stopped coming to the united states because they were afraid of what he would do to them. last year marked a huge decrease in illegal and legal border crossings. this year we are back to the new norm like we were under president obama. the trump effect in deterring in illegal immigration is
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over. neil: thank you. the dow is up 286 points. the market is suggesting were not going to get a trade deal immediately with the chinese but we are getting a goldilocks employment report. the job gain was disappointing but the unemployment rate is promising. it's not enough to change the federal reserve interest rate hikes. that's what they hope. that an apple hitting an all-time high and warned buffett buying a whole bunch of shares. as a control enthusiast,
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this could easily have been one of our boomer segments where were talking about angry boomers talking about ill prepared and clueless millennial's but i can safely pursue this with an expert who is looking at the numbers that show millennial's are simply not saving that much for retirement. there are numbers out there that shoulder doing even worse than folks like me when i was their age but it's not a dramatic difference. beverly goodman, we always say those crazy kids, but i was the same way. what holds them back right now? >> with a lot of things. as you mentioned, some of it is the same things that hold every generation back in her 20s, they are building an emergency fund, they're saving for a home, they just got life expenses, not earning as much so it's harder to say. >> today have more access to savings and i had when i was their age?
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the 401ks are more plentiful today, there's a lot of investment options, some companies force the issue and forcibly take money out of their checks, they can always reverse that but what's happening. >> you're right. there has been a lot of advancement in the 4o1k industry, but a lot of millennial to not have access to those plans for the ones that do tend to use it, but something like, more than half of millennial do not have a job that offers a 4o1k plan. there are other avenues that can give them help on how to allocate the money, but that's an extra step and they're not able to save as much. >> i was thinking, knowing you were coming, we have record low unemployment for the past 18 years, normally that pushes employers to think i'm running out of the pool of potential workers, i've got to do something keep them and hire them in a 4o1k plan would be a
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good start besides a higher paycheck. what you see happening on that. >> it's tough for the 401ks are popular among big companies but nationally speaking only 15% of u.s. employers offer a 4o1k plan. now, that's a little misleading because those 14% actually cover almost quarters of american workers. bigger companies employ more people. >> is and a lot of this just psychological, when you're in your 20s you certainly don't think of being in your 60s or 50s. >> it's really far off max was in that part of what's going on here? >> that is part of it, but the lack of an easy saving route for millennial to tend to work at apple part-time jobs or smaller companies starting their own business don't have access to that 4o1k, it is a hindrance.
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they also have way more student loan debt than any generation before them in the paying that off which is not a bad use of the money. >> i know many of my generations don't have that. they'll talk about we had loans too, but even on a percentage basis, nothing like this. >> nothing like they're doing. $1.5trillion in student loan debt. the average debt is 40000. kid. that's a heavy load when you're making minimum wage or barely above. >> a lot of them are jaded about the market. they saw what happened to their parents and the meltdown and even with the comeback. >> exactly. a lot of them feel more secure investing in themselves despite the student loan debt they would rather put more money into grad program or starting their own business and saving for retirement. >> i put it into food. >> i think a lot of them are putting it into food as well. neil: thank you very much. was good seeing you. legendary conservative thinker
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thomas, now a lot of you might instantly recognize the name, but i'm telling you he has become iraq star quite literally when kanye west started mentioning him. i will explain, after this. at fidelity, our online u.s. equity trades are just $4.95. so no matter what you trade, or where you trade, you'll only pay $4.95. fidelity. open an account today.
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all right. anyone who is into numbers and economy finance and conservative thinking knows thomas, he's like iraq star. you have posters in your room. then there's another group that would be up on money legends. then along comes kanye west to implant the name of thomas into that group. saying other things, that it takes considerable mileage just to acknowledge the extent, people who enjoy meeting, the welfare state is about the egos of the elite.
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let's go on with the guy who he was quoting. were talking about kanye west the multiple best-selling author. a conservative thinker. good to see you my friend. >> what did you make, as if you needed notoriety, from kanye west. >> unfortunately i don't keep up with entertainer so i had no idea what to make of it. neil: i really admire that. when you heard about this, there was more buzz about you and more interest on amazon to find out what thomas is all about in his books and his thinking. you should pop up on amazon and see changing book orders and book requests and all that. he has a great deal of notoriety, but kanye has gotten some things for saying he likes the president, he
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likes the way he thanks and likes his outside the box thinking of african-americans and minorities in general. what you think of that in the phenomenon that's created in the world were asking american voters, he says then monolithically go into the wrong party. >> i am struck by the fact that the unemployment rate among blacks is the lowest it has been in years and also among hispanics and other low income minority groups. but unfortunately, we live in a time when the actual facts seem to carry very little weight and rhetoric carries more weight than the facts. neil: so this notion, the president famously said to african american audiences, he would say what you have to lose. in other words, democrats have failed you, maybe republicans
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have failed you in the past and you are frustrated but i'm different, you've got nothing to lose. what did you make about approach. >> it was good to hear a republican making some effort to reach out to the black vote. it's enormously frustrating how many republicans have been for things that are detrimental for blacks such as the minimum wage law which they think is making people better off but all the evidence i've seen shows low income people and people who are young and inexperienced are harmed enormously by minimum wage laws. neil: when you see the economy the way it is, they refer to 3.9 unemployment rate and use its backward praise because they quit looking for jobs and it affected the number. you get a sense right now that people are looking at this, the economy is still pretty strong. what were looking at is still
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pretty strong. >> yes, but i'm not at all convinced people aren't looking at it. for a number of years i've seen all kind of people believe all kinds of things in partners to finance to the contrary bmac. neil: explained. >> for example, people argue right now about the tax cut saying there's an economist at princeton who says we can afford a tax-cut because the deficit is already too large. they said tax-cut is it cut in the tax revenue. there's a history going back to the 20s that cuts and tax rates have led to increase in tax revenue. in the 20s they cut it from 73% on the top income to 24% on the top income for the 24%, they collected far more money
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than they were collecting at 73% because people put their money in tax-exempt bonds and paid nothing. if they seem to blindly say that tax cuts and tax revenues always move in the same direction, it's hard to be optimistic about what will get through to the public who are no better informed. >> a lot of people thought this employment report would be showing that with the tax cuts and every thing else businesses would be hiring more workers. it turns out they hired fewer than thought. i know there's variations to this. i think that might've shown something else. we added 164,000 jobs in april. a lot of people thought it would be significantly more than that and some are getting a little impatient, frustrated
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that the tax-cut gain hasn't been bigger. what do you think? >> short-term statistics are hard to put a lot of reliance on especially since many of these are revised months after they come out. >> you mention our economist that said it's a nothing burger. nancy pelosi said it hasn't amounted to be nearly as advantageous. marco rubio saying he wishes individuals got more out of this. what are they saying? >> i'm not at all sure what they're saying. the short-term numbers don't usually tell you a lot. if i look back at the prior
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statement of nancy pelosi, i do not have an awful lot of confidence. they have been wrong big time before. >> what about paul krugman? are you worried about that one adding to the deficit or the $9 trillion in added spending that will be added to the deficit and debt over the years. what you make of it. >> again, you're right but he's taken a lot of positions that are indefensible so i'm not the least bit surprised it's taken another one. neil: do you think tax cuts should be paid for, we look at it as the same as spending, you offer a tax-cut pay for it, make sure it balances out. >> you can be sure of anything. all the government can do is change the tax rate and how the economy will respond depends on a lot of other things.
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in a number of democratic and republican in ministrations of the years, my colleagues like all the administrations, tax rates were cut and tax revenue rose. you can't just go with a one-to-one correlation. the other thing is people who argue against tax cuts say the deficits rose. there's no amount of money that congress cannot outspend. neil: under either party. >> right. the reagan administration collected more tax revenue than any previous a ministration in the history of the country. there is a deficit because congress spent even more than that. the deficit is not very much of a guide. you first have to know did the revenue go up or didn't.
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>> money comes in but it goes out much faster. neil: if the house were to change hands, i know you don't like getting into politics but already they have promised to rework that tax-cut and start from scratch. then what? what would you envision? >> i would envision if they cut the tax rate, if they raise the tax rate under current conditions, you would have a slowdown in the economy. some people who have jobs now probably wouldn't have them year from now. neil: so the federal reserve looks at this, if you're worried about the economy overheating or unemployment going to low or businesses running out of potential workers or pool of workers, that would signal a lot of rate increases which would
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offset whatever you do tax cuts. >> i assume so. neil: that would probably be a good problem to have. >> yes, but predicting what the federal reserve will do and trying to predict what the consequences will be is really a hazardous game. neil: how do you think president trump is doing? >> other than i expected and better than a lot of other people expected. i think the people around him, many of them are very good people. it's an improvement over the past couple of administrations. it's not clear just why things are the way they are but they are what they are and what they are is by and large better. neil: he's tough on trade, tough with the chinese, our delegation is coming back to beijing and they weren't expecting him to come up with something so soon. were you worried about a trade war. >> yes.
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i have long believed that the tariff of 1930 have a lot more to do with the great depression than the stock market that's been blamed. in the 12 months that followed the stock market crash in 1929, unemployment never reached 10%. within 10%. the tariff didn't do all of that. congratulations on winning the attention of kanye west. >> thank you.
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neil: welcome, everybody. i'm neil cavuto and you're watching coast to coast. you might be noticing that is vice president pence he has arrived in dallas this is the annual nra convention. the president is going to address this same group he is en route as well. a lot of people are surprised the president was a yes to this. you might recall there was a little bit of tension some weeks back of course after the florida high school shooting when the president said he was going to do a lot of unpopular things that he's not afraid of the nra and some of his critics claim he dialed that back and has not done the kind of thins a lot of people want to see donald the back and forth and second
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amendment we go too far. you heard all of that. well the president is going to iron out a position we're told that will walk that line, but not let anyone in that room think that he is not very much behind the second amendment and doing little to deter gun sales or the freedom of folks to get those guns so we'll see and when he speaks in about 45 minutes we'll take you to that separately of course you've heard that we now have a 3.9% unemployment rate that is the lowest we've seen in close to two decades i've got a lot of attention right now, add to that the fact that we had some better-than-expected news for apple as if it needed it after that robust report that arguably one of the most successful investors in human history was scooping up about 75 million shares of the first quarter. now we don't know when warren buffett was buying those shares exactly whether it was january, and the downdraft in the correction territory later when it made up that grounding nevertheless tim cook was reportedly thrilled that would
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probably be an understatement to hear that news that warren buffett had looked at a technology issue that he used to swear off but not when it came to apple. all right, so many things going on with the dow at about 300 points, jp morgan chase chief economist anthony chan. anthony tax cuts right now were a big reason for apple's big numbers, in fact foreclose to half of the company's reporting they've been the wind at their back, so it's pretty clear from a wall street from an investment perspective they're good, but along come a number of people elsewhere to say from marco rubio and also say no, no, we wish there was more bang for the buck for the individuals. what's the real skinny on this. well, neil the real skinny is that the unemployment rate is 3.9% so we're not going to create as many jobs as we would have created in october of 2009
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and we got a stimulus when the unemployment rate was 10% but keep in mind we're not doing bad. when you see 164,000 jobs being created in a given month and we know the organic amount of jobs based on labor force growth it should be something close to 85,000, and people say well the unemployment rate went down to 3.9% because he had a 236,000 decline in the labor force. guess what neil. if you look at the last 12 months the labor force is up 1.3 million averaging 112,000 per month, again in excess of the organic amount that's impressive in my book. neil: paul krugman called it a nothing burger this morning which is weird because i don't like anything on my burger but it didn't have nearly the bang for the buck that republicans said. now you alluded to all these other developments and facts, but would we be without it? i mean, if all things and rates
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were equal, and we were compar ing, you know, the top tax rate to what it was, then what it would be now, how different would some of these reports be? >> well keep in mind that the economy is going to grow a little faster because of this tax cut and these are not just my numbers the congressional budget office which is non partisan they have democrats and republicans are estimating gdp will grow over time because of the tax cuts. it's simple numbers if you all of a sudden give corporations more money and tell them that when you invest you can depreciate instantly they're going to invest more and when you invest more you need more workers to man that technology or equipment that you're going to be able to expense instantly. the issue, however, neil is that we have a shrinking labor force or people to choose from and by the way, while that may seem like a bad thing, it absolutely gives opportunity to workers that were shunned in a labor market that is much easier, has
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an easier stance when the unemployment rate is 10% employers are very picky about who they hire, when the unemployment rate is very low, guess what? they hire people that otherwise would be overlooked. as a minority member i'm half hispanic, i'm very excited to see the hispanic unemployment rate reach one of the lowest levels. i'm excited about the fact that the black unemployment rate is at the lowest level since they've been keeping record so remember at 6.6% it's much lower than that rate of 16.9% at the peak of the global financial crisis. it is many of these individuals and these groups that have not gotten opportunities and wouldn't get an opportunity when companies can just pick anybody that they want. now, all of a sudden many of these employees are getting in an opportunity to get trained and by the way when they get that opportunity, guess what happened? the next time they get a job they already have experience. look at companies like bnsf offering $25,000 bonuses over a period of three years for
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workers because they just can't find bodies. neil: i know. young people in general, you hope to see that spread. we'll watch what happens anthony thank you very very much. my pleasure. neil: there is another wildcard in all of this what happens with trade and on the trade front. our u.s. delegation is come home from beijing empty handed thus far not that they were expected to cement any deals but leading some to wonder how long will this take to get any deal. connell mcshane is still in beijing and can tell us right now what the mood is. hey, connell. connell: hi there, neil. it's interesting the u.s. came in here apparently with a whole long list of demands. the chinese looked them over and i talked to a source close to the chinese government and they're thinking on all of this and after looking at the demands they said many are unacceptable to china. here is just a few of the demands coming from a document we reviewed earlier. first of l a the united states wants the trade deficit to be cut with china by at least $200 billion they want that done by the year 2020 and also
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protection for intellectual property and a whole long list of other things and finally saying to china if they don't meet the demands they face the possibility of more tariffs for not complying. now all this came in before the talks started but after things wrapped up u.s. delegation left here without saying anything at all so it president trump back at the white house to try to fill in some of the blanks. here he is. president trump: i have great respect for president xi. that's why we're being so nice, and we have a great relationship , but we have to bring fairness into trade between the u.s. and china, and we'll do it. >> on the chinese side the state media here has been reporting that the way they're catching it is that there are still big differences between the two sides, big differences so this point obviously the question becomes what's next, china said it's open to continuing talks and we've been hearing that there might be a continuation of talks at a lower
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level of what's described as the agency level some time over the next few weeks and it's definitely worth noting, neil that this u.s. delegation, high level folks led by the secretary of the treasury steven mnuchin, came here, spent two days here didn't say much of anything in public when they were here and then left here, earlier in the evening, and did so without issuing any kind of public statement so we really don't have both sides of this, which is also part of the story they kind of left china to set the terms after they left, and to kind of describe what happened or did not happen. neil: all right buddy, great reporting out there, we shall see. connell mcshane, so what happens from here? if no talks are scheduled, either on the books or whatever what happens and are the chinese playing much harder ball than we thought and as our avenger economic team that descended on beijing, coming back empty handed because they expected too much, dow jones news wise editor glenn hall and our own susan li. susan there was one official
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quoted unnamed and i think the financial times saying the americans thought they could roll over us. we told them otherwise. >> yeah, well, just to simplify the list of demands that i've seen as well in that document. it's like me coming on your show and demanding 15 minutes of airtime. you can't complain about it and you can't restrict my access to it, so it's tough, but you know the chinese people understand like the american that the u.s. president is a businessman p, right? it's something they talk a lot about so this is going to be a protracted negotiation, this is a tough first offer but we'll have many many more talks to maybe find some common ground. neil: apparently you put your big demands up front. >> i've heard that in negotiating. neil: well i just found out other anchors here are paid but one of the things we insisted we wanted to slice this surplus china enjoys by $100 billion and the chinese said well that's not happening. >> how about for 200.
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neil: yeah, right, so the chinese already on that so it was not happening similarly our demands for the government to sort of untangle itself from boosting technology and artificial independence to the detriment of u.s. entities there too i guess is a non-negotiating point. well these represent a big shift in how we negotiate with china and what we expect the trade relationship to be and so i don't think it was realistic for anyone to think you solve that in two days but where are we going from here? i think the negotiations are going to continue. they setup a mechanism for continuing talks, they talked about having a few minor areas of consensus but big areas of disagreement so this is a long time coming. >> and i think it also should be noted as well that they didn't get an audience with the man at the top. neil: i did not know that. >> they did not meet with them during their two days. neil: so the equivalent of his treasury secretary but that's as
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high as it got? >> yeah, vice premier. he didn't even get to the vice president, or the premier. neil: does that tell you anything? >> it does. it means that this is just the ground work. they're laying the ground work. they didn't even have an advanced theme in beijing. neil: does that mean if they bring their people, their economics and they don't get a chance to see the president? >> yeah, i think there's a lot of rhetoric and sort of symbolic posturing going on right now, and we have to wonder if this can move forward without trigger ing the tariffs that are on the horizon. neil: well you mentioned something interesting jokingly or make it 200. in other words, i could see president trump doing something like that, or being proactive here or threatening by expanding into another area, as he did with telecom to just put the pressure on and more really tic them off. >> well the relationship is much bigger on both sides than some people account for here. there will be pain on both sides as tariffs escalate so it's possible that we're moving
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towards a first round of tariffs and what will that do to the negotiating urgency? >> can i also note that basically the government basically they came out with a few come en tar its tonight or after the team left saying that yes, if we have a trade war and tariffs from the u.s. it will hurt china, but we also have a centralized bureaucratic government that can get things running and it's more of a domestic oriented economy so they are already laying the ground work, right? but they also pointed to political as well because that's also a negotiating tactic for china. the chin ease president coming out saying he will work towards some sort of productive deal on north korea. neil: now you lived there and you know the psyche and the pride and the way they look to the world matters a great deal. they don't want to look like they caved to demands from this business run by the united states. >> especially critical right now. neil: so what is it they say they can just never do because of that? >> well, you know, that's a
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good question. what is space saving at this point these list of demands to them probably is insulting i would say. these are very, it's a very tough lift but i would say there's got to be some sort of common ground maybe they can open up and reduce tariffs on u.s. goods being sold into china neil: but not as low as we want, right? >> probably not as many goods either. neil: they already stopped buying our soybeans. >> china is repositioning, they canceled corn orders, looking for new sources of soybean, cutting pork orders so we're already feeling a little bit of that but these are just around the fringes. i know it's going to be painful for american farmers but those aren't the big high stakes tariffs once we get down the road. what was interesting i saw one chinese official was saying we do not want our economy to be built around selling cheap t-shirts, while you sell high-tech, and so there's a real tension on that technology side. neil: meanwhile all you guys
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came back from beijing and all they got was a stupid t-shirt. >> [laughter] neil: kind of weird. i was waiting for that. >> set you up right. neil: guys thank you very much. the dow up about 303 points when we come back here all the fuss over payments to stormy daniels, admitted when you first heard of this russian collusion investigation, did you ever think in your life that we would be debating payments to a porn star? if you did, well you should come work here, more after this. man: i got scar tissue there.
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this tech stuff is easy. [ whirring sound ] you want a cookie? it's a drone! i know. find your phone easily with the xfinity voice remote. one more way comcast is working to fit into your life, not the other way around. president trump: nobody wants to speak more than me in fact against my lawyers, because most lawyers say never speak on anything. i would love to speak, because we've done nothing wrong. there was no collusion with the russians. there was nothing there was no obstruction. you know, very funny. if you fight back, because us people say something wrong or they leak, which they've been doing, if you fight back, they say oh, that's obstruction of justice. neil: all right, the president saying in the light of all of the stormy daniels everything that's happened so fast and fur right now that he willing and eager to talk about robert
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mueller and his team, his legal team is saying there will be a lot of caveats to that, we should limit the questions maybe also the time you'll be talking if you talk at all the two, two and a half hours, but we get so many mixed messages out of the white house that fears seems to be right now from the president 's lawyers that it could go easily off course and things the president didn't plan to get into he does and there you have well all sorts of problems former justice official robert, on all of this. robert is it wise for the president right now to consider talking so robert mueller? almost everyone i talk to say legally it could be a problem. >> yeah, i mean, i think there's no question that staying silent is the smart move from a strictly legal perspective, and on any other situation where if you're representing the executive or someone else you clearly tell him not to talk, and i think protecting himself, if you want full protection that's what he's got to do and
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he's got to listen; however when you are the president, you know, resisting it has other consequences which is there could be a big subpoena fight and this would get dragged out for another 12-18 months. neil: you mean a subpoena to force the president to testify? >> exactly. neil: legally can you do that with the president of the united states? >> yeah, i think that with nixon and clinton cases, they're different circumstances, but to answer the question would take 12-18 months if his lawyers said look, we're not going to voluntarily interview, mueller served a grand jury subpoena there would then be a constitutional fight because classic, you know, separation of powers issue et cetera and the supreme court would have to eventually resolve it and that's 12-18 months and that has an effect on the presidency as well but i understand what everyone says about well he shouldn't talk from a legal perspective because he's a little bit un disciplined i think to put it mildly and i think that would be obviously the legal advice, but
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sometimes there's bigger considerations when you're the president. neil: you mentioned nixon and clinton. nixon didn't talk with special prosecutor ultimately there was an attempt to fire anyone connected to him. ultimately he resigned so it became a moot point. bill clinton did. he thought he could do very very well. he really didn't in retrospect but he survived getting thrown out of office, so i guess it can work both ways but i always wonder whether the prosecutor then if you you know, nixed talking to him can take it out on you in other ways. >> oh, for sure, mueller could certainly serve a subpoena and litigate that but also just go ahead and issue a report without the president's testimony and hammer him and impeachment is really the only remedy against a sitting president and that's an inherently political process, so there would be a report like the star report or something like that that mueller could compile and deliver it to congress and then it would be up to congress.
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neil: does he make a recommendation either way, robert in that event or just the house would act on it. do you know what i mean? yeah, he would layout the law and facts and say here are the potential legal violations that are there and then it would be up to the house to decide if there are any impeachable acts and then to whether to recommend impeachment and then a trial in the senate. it is inherently political and that's the president, it's hard to separate. i think a lot of people trying to do legal analysis of this but at the end of the day for example, a lot of stormy daniels stuff if there's a technical problem with the payment, i just don't see the country having to stomach to have an impeachment trial in the senate over paying off a porn star even if there was an violation. i just don't see it. neil: now to that point, the president is saying that, you know, this is rudy giuliani's mistake, you know, he blurted this out in an interview with our shawn hannity and i don't know what's legal or not that
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it's not an issue according to rudy giuliani because these moneys that the president paid is part of a continued monthly retainer with his lawyer, michael cohen, it was just to resolve a nuisance suit. he wasn't admitting or denying anything. just get out of the way. it's right before the election no campaign funds were used. so if no campaign funds were used, robert, is it still an issue or what? >> it could be. there could be issues as to whether or not it was alone, if the amount was paid go he had agreed to pay it back. it raises other things the prosecution will look into. if you'll recall, hastert the former speaker got into problems with the structuring issue in terms of making the payments in increments of money that were below federal reporting limits that could be an issue but again those are all technical violations but what this whole episode shows is why lawyers give the advice to shut up and
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not to kind of freelance is that i think what happened is you've got two people who are a little bit impulsive in guiliani and trump and they got together and decided to go do this and they hadn't fully thought through all the implications or even necessarily it sounds like trump is going to revise and amend guiliani's advice, or his comments. it sounds like they might not have had all the facts so that's the problem when you put other lawyers out of the process and i know it's frustrating to the president because he thinks lawyers are too deliberate but they're trying to serve him well and prevent exactly what's happening today when they're cautioning him about just throwing stuff out there. neil: you know robert you are so good at explaining this stuff that it even penetrates my thick skull. i appreciate that very very much >> thank you, neil. neil: have a very good weekend robert driscoll, former department of justice official on the back and forth and this crazy thing that seems to have veered out of control. the markets seem to be out of control on the buying side up
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about 302 points apple a big reason why warren buffett indicating he bought a lot of share about 75 million over the weekend. what was he thinking? he's talking to our liz claman over the weekend that we might have a chance to dip into that, with our live show on fox news, man oh, man it won't get better than that, after this. ♪ with expedia you could book a flight, hotel, car and activity all in one place. ♪
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for leisure. so i go national, where i can choose any available upgrade in the aisle - without starting any conversations- -or paying any upcharges. what can i say? control suits me. go national. go like a pro. >> welcome back to kanye west suit o coast to coast i'm nicole petallides live on the floor of the new york stock exchange. well we heard from elon musk ceo of tesla today fighting back on twitter the stock is up 1.7% at 29 and change and taking to twitter after a bizarre conference call earlier this week, where he ignored a couple of the an analysts and he made his point on twitter saying the
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two questioners i ignored on the call are sell-side analysts representing a short seller, not investors in fact tesla is one of the most heavily shorted companies around the globe and has lost about 17% over the last three months. he noted bernstein and rbc saying they were sell-side short sellers and he was foolish to ignore them, in fact he said he should have answered their questions on the call, he called some of the questions bone head saying it was super dry, you're killing me and with that rhetoric, the stock actually fell off for the week the stock is down just over 1% and big picture, we're watching tesla today moving a little bit higher elon musk fighting back on twitter. neil: that is so funny. nicole through very very much. charles payne is the same way here. very dismissive with us and he just waves us away. anyway he's here to talk about that, what's up on the jobs front the whole tesla thing. i did want to get your thoughts
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on how he handled that call. charles: do you know what? obviously he should have been more professional but i love what he just tweeted. i'm doing a segment tonight on these short sellers and their voice. i think they've got too big of a soap box particularly on brand x financial news i've seen them allow famous short sellers come on and beat stocks to death without management being there they say we invited management on. they get to sell these stories and it bothers me. a lot of times it backfires. neil: did he know they were the sell-side analysts? charles: oh, sure, they say the firm plus they've been doing this he knows everyone that follows his company. today in today's market right now this big up 300 point market the biggest winners all have gigantic short positions, weight watchers, shake shack, wing stop even apple, think about apple going into the earnings report, every single firm on wall street beat it up every analyst beat it up, the stock swooned. how many people watching this show might have panicked and sold today hit an all-time high so i just think there should be more responsibility within that
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community so i'm glad he called them out. unprofessional perhaps but i'm glad someone finally called them out. neil: that's an interesting perspective on this. you know, the president has arrived in dallas will address the nra, he's been chomping at the bit to get this whole mueller probe over with band he's similarly talked about how he's optimistic a trade deal will be had soon and good relations with the chinese. what do you think of this whole thing? charles: i was on with maria this morning and my last word i said what will move this market which is indicating to be down 100 will be positive comments on this trade meeting. of course nothing big came out of it and we knew that wouldn't be the case but being complementary of president xi is that wink wink kind of thing by the way president trump also talked about the market this morning and i think that helped. the market was already up but it took off like a rocket after that. neil: but has he set big expectations for the trade agreement and like you said, few
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envision these guys coming back from beijing with an agreement, they're not. there's no plan for immediate talks in the near future, but we could see some of these tariffs take effect before this is all resolved right? charles: we do and i think if that's the case president trump should work even harder with respect to communicating to the general public, listen, short term pain for long term gain this is what our goal is and do you know what the most interesting aspect of this is i don't think is getting enough coverage beyond the unfair trade practices, trying to incur china 's advance technology progress i think is really fascinating neil. earlier this week, cray computer came out with earnings, the stock was up 14% the same day. what they do now is super computers. china has the two fastest super computers in the world by far. they just started pouring $12 billion into quantum computing and the computer they're work on will be the ultimate game changer and this thing will be able to break every military encryption that
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we have, power nuclear military submarines for three months in a steth mode we could never detect and absolutely amazing and the thing is they're subsidizing and other companies that help them with their research the president is trying to slow it down so important because of economic and military so a lot of moving parts. neil: now the president is working with china as he arrives in dallas for this nra event. do you think he eases up on china because he needs them to play the integral role they have been with the north koreans? charles: absolutely and it also gives them an out and by the same token if i'm president xi, i tell president trump let us help you with these amtrak trains. we perfected high speed trains. give me something to give my people, you know, think about this. the industrial revolution began in the west with trains now all of a sudden we're the country to take the to the next level. they could come up with some kind of grand deal where they both look great. this could be resolved sooner. neil: a lot of people said we get something, we get either
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them agreeing to cut down the tariffs on cars make it back to the 2.5% we charge. do you envision anything like that? charles: i envision that they will cut back in part because they're trying to go from an economy that's export driven to domestically driven economy so they obviously at some point they want prices to be lower for their consumers. so it would just behoove them to actually do that. neil: real quickly i want to get your talk on paul on cnn. tax cuts are nothing burger and its been proven they're a nothing burger but i only say that because the same leak marco rubio was dissing him, nancy pelosi saying if democrats got back in they're going to start from scratch. what do you think? charles: i just think they're wrong i saw the interview with thomas and i thought he was spot on and go back. neil: he admired how he didn't even know who kanye west was. charles: that means he doesn't have a 21 year old son because i went to a kanye concert a couple years ago, so but they do work.
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it has worked, and i love the point he made about deficits. that's no way to measure everything because if our government took in 8 trillion theyed spend 10 trillion. we just saw that with the spending bill. neil: please they can't control themselves. 6:00 tonight, charles gets into all this makes money but tells you what to get into what looks good and also remind you what to do when you get out but a lot of people forget you can hold it forever or look at opportunities elsewhere. we're up about 300 points we'll be awaiting the president and his remarks at this dallas nra convention remember wasn't too long at the florida shooting he put out a warning to fellow republicans, well if you don't take on the nra i will i'm not afraid of them. others came back to say well now is your opportunity. is today that opportunity? we'll see. hi, i'm bob harper,
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president trump: they have great power over you people, but less power over me. neil: all right, that was then, what is he going to say now as the president addresses the nra convention event going on in dallas, texas at the time remember he's talking a bit about the nra has to make some concessions and he'd have their back doing something about all of this, and talk tougher gun laws, but at the same time not trampling on the second amendment so it's a delicate dance so a lot of critics said he backed up and maybe isn't in cleaned to do as much no way telling, maybe he'll hint at that in today's remarks to see our tv host deneen borelli and vince, what do you think he says today? >> i think he stands over the second amendment. it's not really actually about being scared of the nra or lov ing the nra the nra is sort of a proxy and for protecting american's gun rights and there are millions who own guns and
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many who are members of the nra and all those are paying attention to the words the president says and i think ultimately you saw kind of how he pushed back against republicans i think he was trying to kind of confuse democrats a bit bring them to the table, but in the end, you know all of the issues we talked about after parkland hardly any had anything to do with the actual shooting and now that we've had a moment to reflect i think he stands up for the second amendment. neil: deneen then what did he mean with saying i'm not afraid of the nra or that he would be willing to take on i don't want to misquote him here, but how would he clarify that today? maybe he doesn't have to. >> well, i agree with vince. the president is a big supporter of the nra. i think the attendees are very excited and thrilled to be there and listen what he really needs the message he really needs to deliver neil is the fact that the liberal agenda is to ban gun s. that is the message that he needs to make clear and make a
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stark distinction between republican and democrats, because that's what the liberals want to do and so i think that's the message that he's going to deliver today because when you think about it the debate about gun control is going to be a big issue as we approach the mid-term elections and probably the 2020 elections as well so he needs to point out that the liberals clearly want to ban gun s. neil: i don't know what their ultimate goal is but i do know some of the common sense solutions he came up with welcomed from florida governor rick scott, who raised the age from 18 to 21 and the president at the time i think supported that and it's hardly like a controversial or overly dramatic development but you know the nra doesn't like that. i'm just wondering where this is going. >> i'd look at this today as more of a campaign rally than something that's a lot about policy. an interesting piece of data that came across my desk is the president's approval rating among gun owners is over 50%
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among nra members it's over 70%. neil: is that right? >> these are a lot of his fans in the room and i think we'll have a free wheeling president trump between the campaign rally and this might go beyond guns let's see what he says about stormy daniels and rudy giuliani neil: [laughter] you think he'll bring it up at this event? >> i am too smart to predict what the president will say. neil: here i thought it would be just on this. boy you are smart so vince, while we veered into that and i'm glad nick did the president has been saying he's sort of chomping at the bit to speak to robert mueller, wants to make sure and remind folks his lawyer s are advising him not a good idea or keep it brief if he does it at all and then the stormy daniels stuff that nick pointed out because we're getting conflicting stories on that none of which might necessarily imply any criminal activity on the part of the president but he could have stories on this. isn't that yet another reason for the president to heed the advice of his lawyers and not go running into a chat with robert mueller? >> yeah, i think, i mean the
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presidents been really whatever inconsistencies you'll see in any of his particular stories one thing he's very clear on is not colluding with russia. i think he's made that case many times to the american people certainly run that out in public but he wants to make it fortunately to robert mueller. i get the instinctive i was innocent and accused of something i'd say look i'm innocent ask me anything but the reality is of course he would be hinting at enter entering into some sort of a perjury trap that many lawyers have suggested avoid it at all costs, and i think the president will be wise to heed that advice. neil: meanwhile, you know, bit by bit, deneen you reported this as well his approval numbers go up, the economy fits and starts here but chugging along we have a 3.9% unemployment rate is that the study he should be pounding and not get sidetracked on this and let the other stuff take its course? >> i agree with you on that point, neil. he should be talking about the
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amazing unemployment numbers 3.9 , the black community 6.6, the hispanic unemployment number s went down as well. look at the economy and that's what he really should be talking about how americans are benefit ing from deregulation from lower tax cuts especially the corporate tax cuts and that's the message and unfortunately we have a lot of people in the media who just don't want to talk the the accomplishments from this president and another thing is that the left they want to, their message is to impeach and disrupt and not work with this president so he really should highlight the accomplishments since the media refuses to do so neil: you know, nick, what is the read at axios and elsewhere about the whole rudy giuliani, you know, blurting out what he did to shawn hannity and all, remember it wasn't precipitated by a question. it was obviously well-telegraph ed he was going to do this you'd think the president sees the uproar
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created and it looks like he kind of threw guiliani under the bus. maybe i've got the impression wrong but is the guiliani addition to the legal team running it? how is that working out do you think? >> well i think the bigger picture i'm going to look at here is how broadly it looks for the legal team. bringing in guiliani and the new lawyer joining from the former clinton impeachment staff is far more combative and guiliani is definitely the first part taking this fight to the public, doing the fox news interview earlier this week, and then yesterday the follow-up calling reporters throughout the afternoon, to keep hammering on that. we may get clarity on what he meant i think we're expecting a statement from him at some point but it's beyond just the specifics of what he's saying look broadly at the strategy and i think this is very much the way donald trump likes to approach these kinds of legal battles is a full-on war. neil: but if you had to keep re clarifying what you're saying, then maybe you're not saying it right? >> that is probably true. there's a lot of moving pieces here and its been very difficult for even us at axios to stay on
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top of it all. neil: then i don't even know why i'm trying seriously guys thank you all very very much. great seeing you. there must be something to keep these mark markets up we're getting ready to hear from the president who might, i think, if you think about it is exactly right. we're going to hear the president talk about more than just second amendment issues and he will be, in just a few minutes. into retirement... and a little nervous. but not so much about what market volatility may do to their retirement savings. that's because they have a shield annuity from brighthouse financial, which allows them to take advantage of growth opportunities in up markets, while maintaining a level of protection in down markets. so they can focus on new things like exotic snacks. talk with your advisor about shield annuities from brighthouse financial- established by metlife.
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neil: all right, twitter what the heck happened, 330 million users advised to change their passwords, christina has more from our news room what's going on here? >> i know just another day another e-mail there a company saying we need to change our passwords because somehow our data was misused. twitter ceo that's jack dorsey did tweet out saying it was an internal problem. what happened is you have the passwords on an internal log and they jumbled them up into a way that you can't read the password s but instead it was just able to read on this internal log so that means employees had access to it. the company found out about a few weeks ago they did an internal investigation, found according to them there was no misuse of your passwords or any
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of your user profiles, and therefore, they decided to share the information with the public so this could be seen as a positive, because the companies acting quickly, being transparent, nothing really happened so they still decided to share it with us anyways and that's exactly what was reflected in a tweet by the chief technology officer that actually said we didn't have to, but we think it's the right thing to do, and that was literally the last statement not what you're seeing on your screen now but that's twitter support saying they recently found a bug that stored password s, so i myself i'm sure you neil a lot of other users were prompted to change their password. this just pretty much brings up the whole situation as we're constantly being faced by data breaches or misuse of our information, and what are we able to do about it? are we getting off of twitter? are we getting off of facebook for example, with the cambridge cambridge analytica scandal you had people try to make the delete facebook movement a thing and yet facebook said no not that many people actually
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deleted their account, so what as we, users, the 2 billion user s on facebook what are we to do? supposed to just give up our information and where you're seeing share price of twitter now up almost 2%, not really anything to do with this password change but more so the strength in the company going forward, they do have a deal out with disney, there's a lot of potential for them because they're launching video stream ing on their platform so original content to go against news media organizations like ourselves as well as any type of show so that's launching soon and i read notes that twitter has a lot of potential in the near future and yet we continue to give our information i do it too i'm sure you do it and not much we can do about it they moment. neil: well i know for a fact this internet thing is going to be big. did they explain how the heck this happened though? >> no they didn't just said there's an internal log an the lashing program they have it's pretty much coding it in
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different ways different characters didn't work, they haven't given details they haven't issued a statement either but we know is it fails and not the first time they've had issues internally with the amount of information employees have access to. in 2017 in december one employee was able to delete president trump's account too, so employee s have a lot of access to our information. neil: amazing, all right, you kids today and this technology. all right christina thank you very very much. let's take it back to dallas now the president of the united states is getting ready to address the nra. the vice president is already there. he was slated as the speaker there to be their main guest and word came the president said yeah i want to go to this event and he is at the event so we'll dip into this a little bit do you want to cut to a break after that guys, we'll go to a break now my very young and technology savvy executive producer rob was just telling me neil, we're going to a break. more after this.
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. [ telephone rings ] [ client ] - hey maya.
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hey! you still thinking about opening your own shop? every day. i think there are some ways to help keep you on track. and closer to home. edward jones grew to a trillion dollars in assets under care, by thinking about your goals as much as you do. . neil: all right. vice president pence is at the nra convention. the president expected to speak momentarily. we did get clarification from rudy giuliani about the payment to stormy daniels that was done through his lawyer michael cohen, that it was not a campaign violation and they would have made the president whether the president was a candidate or not. so they hope to resolve this
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issue, get the controversy behind them, something tells me it is not behind them. we shall see. at this convention, the president will be pounding the success of the economy, a dow running very, very strongly and the high is at record levels today, 341 points up. ashley to take us through the next hour. >> breaking right now. president trump will be addressing the nra any minute from now for a return engagement for him and expect of course with mr. trump no topic to be off-limits. hello, everybody. i'm ashley webster in for trish regan and welcome to "the intelligence report" am the president's speech to the national rifle association will come two months after the school shooting in parkland, florida where mr. trump seemed to favor tough gun control laws in the aftermath of the shooting. today he is back in the fold with open arms. edward lawrence with a preview in

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