tv The Evening Edit FOX Business May 7, 2018 5:00pm-6:00pm EDT
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david: the point is. a lot of restaurants complaint, they are real costs. melissa: the small restaurants don't have to it. david: a lot of small restaurants. melissa: here is evening edit. >> all president trump saying he will announce his decision on pulling out ofs iran deal tomorrow, politics money we have you covered, i am john in for liz, the evening edit starts n now. john: word that president made a decision on the iran deal. but first a big primary election day tomorrow, midterms heats up
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in 4 key battle ground states, ohio, indiana, west virginia and north carolina, crucial senate, house and governor races will be decided. >> with me now peter ducey with latest on the ground in charleston, west virginia. reporter: in west virginia president trump opinion means a lot, he beat hillary clinton by 42 points here, he said to great people of west virginia, we have together a really great chance to keep making a big difference, difference john blankenship went win the general election in your state. now tha that anti-don blankenshp message was a surprise to don blankenship. >> i went to them personally. i talke to them along the path
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of this campaign to make sure we knew what we were doing and answer go questions, i don't know whether he doesn't listen to political advisers. they assured me that president of the neutral. reporter: so much of this primary has about about which -- which candidate is more trump-light. >> we're excited that president trump gave us a shout out. reporter: patrick more see got a shout out, he is trying to do something else, call his probation officer to report that a financial disclosure has not been filed. >> my campaign will be informing his probation officer in nevada about this issue, this determine if this refusal to comply with
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financial law violates terms of his supervised release. reporter: blankenship said he called his probation officer who laughed at the charge. john. john: well, when a candidate has a probation officer, i think we're losing the fight in elections in america. >>ing in -- in addition to west virginia, republicans choosing two other nominees tomorrow in indiana and ohio, republicans will hole congressional primaries in north carolina and ohio. joining me now, brad blakeman. i want to ask you, first, thank you for coming on. i want to ask you about midterm elections overall, history said that president's party loses, irregardless of the party.
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the president's party has lost seats in the house, we have an antiincumbent phase going on across the world, do they continue like they will happen or does something mitigate in. >> we don't have history on our side, but we do have a record, the economy is doing fantastic, president has made inroads overseas, we have a possible breakthrough in north korea, we have a deal coming tony on iran -- down on iran to hold their feet to the fire. there is a new world order, a new economic order, most of these primaries tomorrow are in trump country, i think that we should do better than expected, so far trump has denied history, whoever thought he would be president and so successful in his first term, he is doing very well. i exec that to rub off. john: all polls have been wrong.
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if we get to 3.8% inemployment. we'll have lowest unemployment rate in 50 years since lyndon johnson, that is huge for republicans in this midterm. on west virginia three republicans running to -- now trump urging voters to reject don blankenship that. >> that is the right thing to do, president has to stand up for what is right, we can't have standard bearer of our party running for state wide office, and the guy is a felon. he has hurt my workers, this not type of person to represent our party. if anything i should say on the party, remember people we select have to be elected in november, if we elect someone whoa unelect in, what good is that.
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the president has not picked side we just said we have two other find candidates. >> don blankenship, for those who are not aware spent a year in prison because of a mine accident he was accused and convicted of safety issues where people were killed. right now blankenship is leading in the polls, by some. thomas matthew, congressman said it shows that americans will note for craz craziest s.o.b. ot there, it this the person just voting for craziest person, we have a felon with a probation officer who could en up in congress. >> i are have more paying in republicans in west virginia to reject him, if that is not the case, he certainly in my opinion
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is un-electable. what good is selecting someone who cannot win in november, idea to elect someone that can win and govern effectively, blankenship, is not that person in my opinion. john: catch neil cavuto hosting live coverage tomorrow 8 p.m. eastern time right here on fox business. turning to dow retreating and u.s. crude slipping, following president saying, he will announce his decision on iran nuclear deal, saying, i will announce our decision from white house at 2 p.m. as president trump slams former obama state john kerry for -- saying, united states does not need john kerry's possible illegal shot of diplomacy on the very badly negotiated iranian deal, he is th one that created mess, former senator joe lieberman admitting that kerry went too far. >> a story, logan act has not
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been enforced for a long time. john kerry is not numbers areiating on be-- negotiates on behalf of the u.s., what he is doing is unappropriate. take two former secretary of states canny rice, who opposes it and hillary clinton who supported it, neither one is going around talking to the iranians and europeans and frying to i guess convince them to not be affected by the current trump administration. a duly elected administration, i hope that john kerry stops. john: john kerry's tenure was mixed, i think that would be fair to say. he did nothing -- could not too anything whether putin took over crimea. and north korea pretty much continued unabated. he had a couple of successes for more kerry, tpp, transpacific
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partnership, which president got out of as soon as he got in offers, only thing left is the iranian deal, is this john kerry trying to preserve his legacy, if you take this away, you take away all his victory. >> he did not have any victories, all of the deals he made are bad for america, it is bad. the fact he is trying to act nice our country. he should be prosecuted at best, logan act, does not mean it is a bad law, goes back to 17 hundreds, so does your constitution. it should be enforced, other laws should be looked at, kerry cannot negotiate with our men mes, you talk about solution. -- enemies, you talk about collusion, maybe mueller should be looks at this guy. john: i agree with you, one of worst deals that we've seen neville chamber land, a harsh
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comparison, what happenings now because. condoleezza rice is coming out saying if this happens, can you tear up the deal? >> absolutely. it is not worth the paper it is written on. president has a choice he could tell iranians to renegotiator start from scratch. ed about thing about donald trump he will put american first, our allies as well, we'll not continue with a bad deal honored in breach, we'll fix it or tear it up, one way or the other, iranian deal will not stand as written. john: on the show, last week, you thought, something would come out of this chinese delegation sent to deal with chinese government, nothing came out of this people are surprised how little came out, would you deem it a failure by administration to go over there talk about $100 billion take own identify table in trade
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deficits, and talking about tariffs, and theft of intellectual property, and getting it seems rally most nothing? >> i think it was very successful, we sent big guns over there they had successful meetings they are continuing, you can't wave a magic wand with china and think they will change their behavior, this is say language game, we're not in -- this is a long game, we're not in it for a short run. we have to be tough, we have to stay the course. and i think that president has given the assignment to his leaders that we'll stay on china, and they are going to change one way or the other. john: jumping back to middle east. having you on, you are capable of talking about a million things in one segment, i appreciate that, middle east right now, saudi arabia needs 80 or $90 oil. the big oil company they own,
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they need it some people think for their own solv -- solvency. you have a bottleneck in west texas shell, a shut down in venezuela and libya. do you think prices will go back to old prices. >> let's hope not. we have a lot of leverage because of our energy policy, we have a lot of leverage over saudi arabia. we cannot allow ourselves to be expreud, i am confident with president trump he will not let that happen, saudis need to remember who they are, what they are and their relationship with united states and others, if they think they will runs up price of oil that not going to happen. john: brad thank you for your time. >> my pleasure. john: check your money, market closes up but finished bolo session highs, nicole on floor
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the new york stock exchange. reporter: another day with up arrows, and earlier highs were up 216, finished up about 95 points, it was a trump tweet. apple a winner. second close in a row, 7 record close of 2018 it has been a winner, starbucks nestle deal. walmart is restricting i supplyf opeopioids, back to you. john: tweets moving the market. >> we're in a new world. >> coming up glen jacobs, about
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to become a tennessee mayor. >> and also second federal judge calling out special council mueller accusing the attorney of possibly overstepping his authority, ben stein agrees, but first a few report that fix of g.o.p. tax cuts are boosting state revenues across the board. my next guest predicted it. next. it's easy to think that all money managers are pretty much the same. but while some push high commission investment products, fisher investments avoids them. some advisers have hidden and layered fees. fisher investments never does. and while some advisers are happy to earn commissions from you whether you do well or not, fisher investments fees are structured
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so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management. [fbi agent] you're a brave man, your testimony will save lives. mr. stevens? this is your new name. this is your new house. and a perfectly inconspicuous suv. you must become invisible. [hero] i'll take my chances. copd makes it hard to breathe. so to breathe better, i go with anoro. ♪ go your own way copd tries to say, "go this way." i say, "i'll go my own way, with anoro." ♪ go your own way once-daily anoro contains two medicines called bronchodilators
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near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. oh hi sweetie, i just want to show you something. xfinity mobile: find my phone. [ phone rings ] look at you. 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. john: "wall street journal" giving credit to republican tax cut saying states are admitting it is boosting state revenue, official from utah to connecticut saying that fiscal outlook as brightened, minnesota on pace to have a 329 million
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surplus. utah 500 million and and -- even connecticut, a 1.34 billion dollar surge. art laffer is joining me now, have you written for years. about money migration of companies leaving high income states. going to low income states, when does this reach a critical mass. >> it is having an effect already, i left california 13 years ago and moved to tennessee, that is the best move
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i made with no income tax, me no earned income, no death tax, and one of lowest property taxes and we have a surplus, one of the best run states, now taxpayers in high tax states have to pay taxes rather than get a federal subsidy for paying state taxes, that will change the game a lot. you will see migration movement increase. it will be quite substantial. john: you should push that critical point there that apex on a graph, call it laffer cur curve. >> that is my profile by the way, the growth caused by tax bill as well, that was larry kudlow and store moore and i worked on that a lot, that is creating revenues in the other states, you find happening is
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economic gloat that trickles down to states and local levels. if obama's growth would have been as gooda reagan ans would have -- alone. john: you had 4 major tracks cuts, coolage kennedys, and tax cuts and reagan tax cuts and bush tax cuts in every case, treasury revenue within up and gdp within up. >> i would think hava problem with third grade teachers, teaching liberals math. when i hear name is a the nonsense they say, this is silly. they say this tax bill will croacreate growth and reduce
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revenues, how nutty are they? they don't know how to add and subtract. john: one thing that happened in reagan years, gdp after the 86s that cuts 3.5 to 4.2%, industry revenue treasury revenue up as well, and a trade deficit that widens, i have heard you talk about that often. >> trade deficit is a capital surplus, ask, which would you rather have capital lined up in your word borders trying to get in or capital lined up at your borders tries to get out. with the china, a capital to employee a million half people a year with that excess capital. the guys in washington have it
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backwards. reagan had a huge increase, so did kennedy, it is silly to think of a trade deficit as a problem, they just want to invest, i don't know why they are crazy. john: art we have a few seconds left. one final question. is president trump wrong to go after trade deficit? is he wrong? >> yes, he is, but not wrong going after the trade deals we havhave -- with the countries, e trade deficit is not our problem it is our solution. i hope they don't mess it up, i don't think they will.
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john: thank you very much, an honor. >> next time i would love to be on longer, you are a fun host. john: thank you. >> fiery lava flowing flew neighborhoods from kilauea volcano that erupted on hawaii's big island. lava flow destroys over 200 -- 2 dozen homes, no fatalitiers on major injuries have been reported, second federal judge calling out special council mueller accusing him of possibly overstepping his authority. >> and everyone's favorite economy ben stein will be here av this. man: i got scar tissue there.
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same thing with any dent or dings on this truck. they all got a story about what happened to 'em. man 2: it was raining, there was only one way out. i could feel the barb wire was just digging into the paint. man: two bulls were fighting, (thud) bam hit the truck. try explaining that to your insurance company. woman: another ding, another scratch. it'll just be another chapter in the story. every scar tells a story, and you can tell a lot more stories when your truck is a chevy silverado.
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dray, when he was younger, he loved to smile; and we knew he would need braces because his teeth were coming in funny. this is the picture that was on the front page of the newspaper. all you can notice is the braces! then, once he got to michigan state, he broke the retainer! my bottom teeth, they were really crooked, and i just wasn't getting braces again. then i discovered smiledirectclub. it's easy to just grab it and go and i can change it on the road. i did photoshoots with my aligners in and you can't see them. a smile is a first impression, that's why i think having a great smile is so important. dismee a second u.s. judge questions whether mueller exceeded his authority when
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filing charges. against manafort, accusing team of trying too squeeze manafort, saying you don't really care about mr. manafort's bank fraud but possible information that he could give you, judge saying that crimes describe in indictment quote, manifest they don't have anything to do with the campaign or with russiancluding. some allegations he noted dated on 2000 siv 2005 or 2007, joini, ben stein, good to see you. >> judge now demanding to see rod rosenstein's scope moment memo. you are talkin talk about a 2005-2,000 7 bank fraud allegation, zero chance it has something to to with 2016 elect,
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any possible collusion, all they wanted was a witness. in your opinion has this investigation gone too far? >> way too far this guy is so out of control, mr. mueller i'm sure is a feinman, a great human but way off of the tracks, he attacking the constitution, he does not see limits on his ability to go after people, following -- taking governments down all kinds of allies, he will by the end of time he will go of after you and me, and asked you where we were, he is out of control, i don't know what is with him, he has gone way too far. i want to add they did this with mr. clinton took they within way beyond where they -- way beyond where they should have gone, ridiculous, insane blind allies,
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they take away from the president doing his,. john: you talk about investigation, it was supposed to wrap up in 2017, we're in may 2018. and political conspirists believe they are attend -- etending this to gain political gain in the election, does this ever end, this seems to be never ending investigation. >> it is, as long as it can generate publicity for mr. mueller. and it is a total ego fishing expedition, making salem witch trials look like self constraint. it is a disgrace to the system of the constitutional checks and balances.
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>> should president trump testify? >> i would not testify, if i were herehe-- if i were here, it come within a thousand miles of testifying, they will use whatever he says again him, they will drum up sphu stuff from 20, which has nothing to to with his being president. if you go after anyone, you would find sins, even my wife who is a living breathing saint. he is just going after this guy. to try to torture him, turn him inside out, make him into a witness again the president, that is just, i hate to say it because i don't like to, it is government government -- a scary world we're in. >> thank you, ben. and as always you are straight
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forward guy. >> thank you. john: coming up, my friend jacobs. is about to be a tennessee mayor, she will talk about it. bank of america breaking pledge, saying it stop financing farms for civil -- firearms for civilians, trump 2020 campaign manager, gina loud en celebrates that decision 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. metastatic breast cancer is relentless, but i'm relentless too. mbc doesn't take a day off, and neither will i. and i treat my mbc with new everyday verzenio- the only one of its kind that can be taken every day.
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john: bank of america breaking its pledge, now providing funds to gun mamer remington -- gun maker remington. bank of america is reportedly contributing 43 million to 193 million dollar lending package, funded by 7 banks, the stock closing the day in the green. joining me now gina lou louden. what is reason for this change? >> it is a smart decision, we all believe in first amendment right for business to operate as they want, different when you have depositor who can change air industry because bank of america is so big. john: all
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sense70s% of americans think the should be a ban on gunning, i am from texas, i am pro gun, i always put that out there, why is gun reform so hard. why so hard to get gun reform. >> because of the elephant in the room, which is the nra. the nra will not allow members that depend on its financial support to vote for type of restrictions you just outlined, most americans believe in second amendment, a lot of these fired guns, myself included. but believe we should not have semiautomatic machine gun style weapons on street, it not that
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complicated, but nra hole over congress make -- hold over congress makes it impossible to fix. john: all right, nra calling for a boycott of dallas diner at a restaurant, saying, a portion of this week's proceeds will be donated to organizations debated tdededicated to those funding reasonable gun regulations, this is one of the dumbest business moves i have heard, no matter what you say. it seems stupid for a diner or anyone el to get involved in politics if you want to have a booming business. is this -- am i wrong with this? people now are starting to use their business to further political means, that cuts off half the country. >> i don't know, here we are talking about someplace called
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ellen's that we never heart of f before. >> good point. >> i am not an nra member but i am a purest in terms of second amendment. you know it is his free right, this is that beauty of first amendment. free rival free market. -- right of the free market citizen to act upon it. >> also, nra was in the dallas, melanospeaking at gu gun rally. >> you are a hypocrite. >> you are armed. >> you have armed security here. john: she responded, this was even security not my bear bodyg, but this security guard has had training passed a background check. this is like going after al gore flying in a g5, and talking
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about climate change, this is somewhat hypocritical. you are guarded by armed people, i know they are trained and all that, and you are antigun is that right? >> well, if she fears for her safety, i would rather her have a trained person with a gun. not so simple. more complex. she is not saying get rid of all guns, that is not what she says,. >> she said get rid of guns that she doesn't approve of. >> as our host said, 70% of americans believe we should not have semi automatics, that guy did not have one,. one. >> that is not constitutional. >> that is not true. i don't know -- >> it true, shall not be infringed is clear, this is same
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hihype crassy over and over from the left. there is nothing hypocritical about common sense gun control, it is not unconstitutional. >> i can't own a gun. >> i am not a antigun activist. i fired a gun, i like firing guns. you can yell over me. but that is not what is going on. >> imagine that people disagreeing on gun control. when you talk at same time, it saves time, nobody can hear you but it does safe time, thank you so much. >> thank you. >> cruise ship looking like a titanic. >> and glen jacobs evi evil --ve villain kaine about to become a
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they appear out of nowhere. my secret visitors. appearing next to me in plain sight. hallucinations and delusions. these are the unknown parts of living with parkinson's disease. what stories they tell. but for my ears only. what plots they unfold. but only in my mind. over 50% of people with parkinson's will experience hallucinations or delusions during the course of their disease. and these can worsen over time, making things even more challenging. but there are advances that have led to treatment options that can help. if someone you love has parkinson's and is experiencing hallucinations or delusions, talk to your parkinson's specialist. because there's more to parkinson's. my visitors should be the ones i want to see. learn more
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the original place to invest online. john: glen jacobs expected to win mayorial race in knox county, tennessee. he will run for mayor against linda hainy in august. knox county has not elected a democratic mayor since 1940s. glen, thank you for coming on. congratulations. >> thank you. john: ask you about your running for office, you don't have to run. you had what a hall of fame career with wwe, you have starred in movies, you and your wife have run several successful businesses, you run for politics because you want to, you are very intelligent. you have to have a plan. there has to be a reason you are
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running on day one, you walk in that office what is biggest priority for anything county? >> i would like to talk about walking out of the office at end of my term. today mayor -- mayor for 8 years announced proposed budget. 8 years. and we have also been able to provide service, give pay increases to all those, that is what i want to be able to do when i leave, say we're able to take care of business. without raising taxes and paying down debt. john: tennessee. align bernstein planning to move over 1,000 workers and its ceo to your state, a huge job creator, this is something art laffer was on show talking about the money migration, is this something you will target in knocks county?
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>> absolutely, tennessee as a whole is very business friendly without an income tax. we have reasonable regulations. we're seeing this across the country. we have t to take advantage of that. i think that mayor a number one priority has to be jobbed. >> i want to mention, business, could not get you a studio there in nashville, we have you on skype. it is a honor, and i am happy for you, we've been friends for over 20 years, you always told me want to run for office to make change. i want to ask you, about being a libertarian. i don't have a political party.
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fiscally i am conservative. to me people say that is a libertarian there not a party, yet you are a libertarian, is that where the movement is going do you believe? >> i'm a republican. i'm a liberal minded republican, but i do believe that is what is happening. people are tired of the career politicians, the most important thing for me is fiscal. a lot of people that are way, and also this idea that government serves itself and people of the government instead of people who elect them. that so important [inaudible] with president trump, and -- i don't think we'll see a blue wave. we'll see an antiestablishment wave. john: a republican with libertarian leanings, i want to get that correct.
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glen, i could not be more happy for you, thank you for coming on the show. >> thank you appreciate it. john: carnival -- video going viral. details after this. it's easy to think that all money managers are pretty much the same. but while some push high commission investment products, fisher investments avoids them. some advisers have hidden and layered fees.
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telling liz claman he is not worried about a trade confrontation with china. 295,000 a share. gained 3,000 dollars a share today. my panel joining me to react. jonas fax faris, and gary b smith. two smartest guys on television. we sent our best guys over there, we got nothing back. is this trade war overblown. are you saddened by that could we got nothing done? >> i am not, i would hope that all countries dump as much product into our country free of change as possible if they want to do that, i mean, i think that benefits -- it hurts some industries, trump always approach its from a job's prove perspective, overall economic
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gain, i hope they under sell. am i worried about a trade war? no both cu countries have way to much at stake. john: that is what art laffer said as well. going to what liz claman did, interview with warren buffet on fox business and charlie munger. he called bitcoin rat poison, a fear years ago, she asked about it now, he said now it second pence everatte -- is expensive rat poison. >> it is very bad to go against the best investors of all-time, i don't know why people don't listen. you think there there would be a panic, people think he is wrong, they are wrong. it is a -- worse than gold.
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it is dumber than gold. it is penny stocks without underlying sham companies, there is they can't regulate it, it is tokens, like selling beanie babies, you can't say it is an investment, it is ridiculous, i wish people would listen to warren buffet. they -- people have gone to china yet for their investment as advice, what they to that. john: rat poison has value, bitcoin does not? >> rat poison is useful. >> it is dumber than the dot-com bubble. the first one. some businesses made it. more akin to fake companies.
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you know, has been most crazy, few areas could it help, right now still expenses to send money to countries abroad. it is expensive to buy and sell bitcoin, the sham is that apps are hustling it to millennials, they think it is cool, they think that stock market is a fraud, which is absurd. they make it so easy, i don't understand how just because they can resist losing millions of possible customers they are dealing in this garbage. that going to blow up on everyone. john: a scene that is right out of titanic, a video recorded by carnival cruise passenger, 7 inches of water filling up in a hallway. leak was a water line break. staff members responding and restoring state rooms on the ship. carnival stock closing in day in
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red. down 1%, carnival issues statement, we never want our guests to experience other than a pe perfect vacation, we greate incouldn't ve-- inconveniences,s like a pr disaster, would you buy carnival stock. >> i would, they did all make to mitigate this, there were a hundred passengers affected. they offered to fly all of the 100 home at their expense, reimburse them for the vacation, they took advantage of that too, most of passengers on ship were not aware. then to top it off, it is horrible if you room is flooded with water. but ships are mechanical devices. john: i should not have asked you that. we have a hard break coming up, thank you very much for joining us. >> i apologize.
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john: a big primary election day tomorrow. charles payne, my friend, is here with "making money." charles: a very event actual day from washington to wall street. we'll get an official announcement on the iranian nafta deal. and there is hope of a naftaific soon. at 2:00 p.m. eastern president trump will announce his decision on the iranian deal. this following a spat with john kerry who met with iranians. trump said
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