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tv   Cavuto Coast to Coast  FOX Business  May 21, 2018 12:00pm-2:00pm EDT

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9:30 we were up well over 300 points. positive news on trade spurred investors to buy stuff. we were up 330 at one stage. we have come back a bit. now we're up 270. still a solid rally. neil, it's yours. neil: indeed it is, stuart. let's look at that rally as stuart pointed out the buoyed by optimism that the trade war is off. there are conciliatory gestures made on china's part, our start, the stocks tend to do well when that is the case, most of the dow 30 stocks. particularly caterpillar and boeing, they are the big winners in this. their fortunes tend to follow the fate where we think trade will go with the chinese. they are most adversely impacted obviously markets would not think that is the case. gold needs a flight to quality or haven right now when there is
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mo whiff of any problems of that sort for the time-being. so gold at a year-low, or low of the year i should say. the dollar index hitting a 2018 high. edward lawrence on what is causing all of this. i guess, edward, on optimism we avoid a trade war for the time-being pretty much, right. reporter: that is exactly right, neil. there seems to be movement from the chinese side here. this is only talk right now, but what they're saying the u.s. trade delegation seems to like. for now the u.s. will hold off on tariffs and so will the chinese. >> it's a framework agreement. it is an agreement. secretary ross has to go over and turn that into a signed piece of paper with companies as i described this as not a government to government purchase order but we have an agreement with them as what will be executed. reporter: you heard the tray talks will continue in beijing next week. the commerce secretary wilbur
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ross will go there. >> for the moment it is kind of at the 40,000-foot level. this is not a definitive agreement. this is what we hope will be a path forward. if it doesn't work the tariffs will go into effect. so nothing has been lost at all. reporter: the president tweeting out with our potential deal with china, they will purchase from our great american farmers practically as much as our farmers can produce. so according to this framework, the chinese will buy an unspecified amount of u.s. products. so they won't cut the deficit. they will buy down the trade deficit. we'll have to look to see if this deal goes into place what happens to the exchange rates. also under the framework here, the chinese are altering or advancing amendments to their laws that would look to strengthen cooperation as it says in the agreement to try to strengthen cooperation for patent law area, which is intellectual property but also to open markets to u.s. goods.
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the devils will be in the details of this deal that potentially could be in place. as you know, neil, the chinese love the fine print. neil: they do indeed. they live in that world of fine print. thank you very much, my friend. market watchers, craig smith, heather zumarriaga, john layfield. in reading some of the fine print on this i find no deal has been had. just that the chinese agreed in broad strokes to buy more goods from the united states. now whether that's enough to take this 350 to 400 billion-dollar trade gap between our two countries and lower it substantially is anyone's guess. that is the guess of market's hopes, right? >> that is. part of the market hope that the trade war is off the table as secretary mnuchin said on fox with maria bartiromo. that is a big deal. when i came out with the tariffs. i did not think they were a good idea. the market did not think they were a good idea. fortunate the administration
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didn't think they are a good idea. the administration is smart enough, they don't have big ego and benefit off the tariffs to help our country. if you listen to art laffer, it is not necessarily bad thing. it is wrong to go after a certain number to reduce. i don't think china will agree with that. neil: we're getting consistent reads, john, i will bring this up with you, heather, there are differences of opinions whether tariffs for the time-being off the table as a lever or leverage, if you will, because the trade representative, robert lighthizer said they are. steve mnuchin said they're not. adding wilbur ross to the mix where he kind of tried to find a middle ground i don't know if they're on the same page. do you? >> yeah. it is very confusing rhetoric from the u.s. trade team but look, this is what the trump administration is good at confusing the opponent. sure, you and i have no idea what the next move will be if
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you take into conflicting accounts by both mnuchin and saying look, we'll not inflict tariffs at this point in time. lighthizer is saying very much so they may still be on the table in terms of if they're not really addressing our main concern which is intellectual property theft. until that is addressed, i think we'll keep seeing conflicting views, and that's what makes us, i think win in the end. china doesn't know what our next move will be. i think it's a good thing. he has done well. trump administration succeeded, negotiating that way. neil: it might. we don't have anything approaching a done deal yet. craig, one of the things i want to get your sense is whether we have to get the deficit down or the gap between our countries down by a set amount. the chinese say no, we say yes but can the administration leave with a commitment on the part of
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the chinese we would obviously see in trade figures that come out every month that would show the gap narrowing? no other presidency has seen that. the gap between our two country has grown. through republican and democratic administrations the like, that could be deemed a victory. what do you think? >> it may be deemed as a victory, i tend to agree with john like art laffer said, trade imbalances are not that big of an issue. i do find it very, very suspicious that two people know where they're at, xi and lau on the chinese side. we have mnuchin all over the place. we have light -- >> lighthizer. >> navarro, ross, everybody is in a different position. heather may be right, this may be to distract the opponent but i think we should have a concerted message. neil, i believe the reason why you saw this back off, like we
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saw with the zte situation, like we saw with some of the other concession with the chinese is that we're getting very close to the june 12th deadline where we have to sit down with kim jong-un. we need the chinese to make those talks successful. neil: bingo. i think you hit the nail on the head as you always do. john, one of the things that has come up we could demand, would prefer to demand a whole lot more of the chinese, but if we get a commitment on their part to buy more american goods ahead of this june 12th, north korean summit, that is a good start. what do you think? >> i agree what we said. i think we bluffed. heather mentioned that our opponents are confused if you consider the chinese our opponents, trade partners, seems to me the white house is confused right now. they're all on all different page. >> but he intentionally hires people from both sides of the aisle and spectrum seems like to get the best outcome or the best
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solution, john, right? neil: if they want to commit to that they should speak the same policy, right? >> true. >> but you have one side wants status quo, we don't want to ruffle the markets, keep everything as is. you have the other side chinese is a predator, we have to do whatever it takes even if it means disrupting american markets to bring these guys to heal. i think that mixed signal, while heather may be absolutely correct, it may be throwing our opponents off, make no mistake about it, xi and le, these guys think in dynasties, neil. they don't think in years or decades. they think in terms of dynasties and that is one thing you have to always remember dealing with the chinese. they're not looking what's going to happen tomorrow. when i saw this back-off, look, $50 billion worth of sanctions were, or tariffs were supposed to go into place next week. that's not going to happen. listen to the comments of mnuchin. they were so ambiguous. then you look at the chinese
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state-run -- neil: he is part of the mainstream crowd don't want to rock the boat, whatever everyone's opinion, height haasers and and navarro are throwing trade grenade. do you see a time that says how much they will exactly buy? >> i think it is important to see a commitment or some type of plan or strategy, specific numbers on paper verse before we can just call this a win because i know we're talking $200 billion, the deficit for them to buy $200 billion mortgage of our stuff. they said they will buy more u.s. goods but they have not said exactly how much yet. neil: john, we do know i think the commerce secretary will be back in china next week. something fast is developing here or could just all unravel. if they have an accord that spells out with a little bit more meat and details but it
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isn't everything the administration waned, how would traders react? >> i think traders will react great, traders will ride act great because the trade war is off the table. if they claim victory some way, they sent over the a-team -- neil: it is off the table for now. >> if it is off the table, u.s. can claim victory, chinese claim victory especially going into the jundi. north korean meeting, both sides can create victory. something of substance will not be done. they will not deal with intellectual property. go ahead. >> neil, think about the one missing piece of this. are you heard one thing about currency manipulation? you haven't heard a word about that in all these discussions. that is part of what mr. trump ran on. we don't hear nothing from that. neil: you mean until after the june 12th talks? wonder what is behind that? >> yes, that may be again, if they buy more from us or sell more to us or what have you they
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can always wring it out through manipulating their currencies, neil. that is where they need to be held accountable just as much as any other areas. neil: guys, i want to thank you all very much. kind of a debbie downer there in the end, craig but you're brilliant nonetheless. all of you excited about the trade deal, if you listen to craig you sell everything. i don't know again that is not what he is saying. we might get an idea what they are talking about next 48 hours. no indication as to a time frame. just that the markets tend to like it. that and the fact we had nearly $30 billion in merger deals announced today, all wind at traders back. after we're back.
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neil: netflix is tweeting that diehl with the former president of the united states is on. president barack obama and michelle obama entered into a multiyear agreement to produce films and series for netflix, potentially including scripted series, unscripted series, docuseries, documentaries, and features. no details on the pay package, what it's going to mean. the two of them are cowriting a number of books together, not themselves, but they signed a mutual publishing deal worth
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better than $60 million. the president has a tome coming out. so does his wife. now this netflix deal, it is fair to say it will be substantial monetarily. all right the justice department meanwhile ordering the inspector general to probe whether an fbi informant surveiled, spied on, investigated, whatever you want to call it, the trump campaign in the fall of the campaign long before he was elected president of the united states. "washington free beacon" staff writer liz harrington. liz, the deputy attorney general rose rosenstein said this is going to happen, right. how will it happen? >> well, they will start just like there is an inspector general report about to come out handling of fbi the clinton email investigation. they're instructing the inspector general to do the same thing, what we know is a very thorough counterintelligence investigation from obama's justice department. many elements into the trump
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campaign, at least four people, so that is how it will start. of course it will take a long time because we're still awaiting the big clinton email report to come out which should be soon within the next couple weeks, i believe. neil: now, i don't know where this particular investigation would go. would it be the same inspector general doing it and then, it's conceivable that since the mueller report we're told by rudy giuliani will be wrapped up by september 1st? this could be coming after that, right? >> right. and it is really remarkable that for two years of this investigation and almost two years of the breathless coverage and the media about trump and russia, not finding any evidence, the biggest bombshell to date that they had a informant, flying people out to london to spy on the campaign, the media says oh, no big deal, nothing to see here. then they now say it is remarkable that trump is asking the justice department to look
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into this. what's remarkable that this happened in the first place and "the new york times" with no sense of irony today, this morning they accused trump of using his own government to star get his political opponents? is that not the definition of what the obama administration did here during the election campaign, party in power, using its intelligence, vast resources to spy on the party out of power? neil: what is weird, they're not calling him a spy, investigator, fact-finder, sounds like a spy planted in the campaign to get dirt or information. >> right. >> what worries me whether this formed base of what eventually would be the base of the mueller investigation as we know it now? >> yeah. the "new york times" you know the media is in a tough spot when they get into the semantics game. it is not a spy, an informant investigating. neil: should be in that campaign or no? are they a campaign operative
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for donald trump? and they're not. i'm not the sharpest tool in the shed but i can see inconsistencies here. >> right. also take aside the informant. we also had the fisa court, fisa application, renewed four times against carter page, never mind it was based on opposition research from the democratic party and hillary clinton. the textbook definition of the fisa court is for surveillance, to spy. either way the justice department was spying on people associated with the trump campaign. neil: it is weird. to your point, liz, every one would be rightly raising hackles if this was reversed and obama campaign or hillary clinton campaign. fair is fair, right is right, it is weird. doesn't pass the smell test. a lot of things don't here. we'll see what happens. thank you very, very much. >> you bet. neil: rudy giuliani is telling anyone who wants to know that he thinks the mueller probe could end by september.
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that doesn't mean we'll get an immediate report say on september 2nd, there is a timeline here. one that could be a little sooner than most people thought, or not. charlie gasparino on what to make of all that. hey, charlie. >> we should back un. when rudy was first retained by trump said it would end in two weeks. keep that in mind. obviously not. neil: is mueller's people telling him this? >> mueller's people don't tell anybody really anything but maybe the principles and their lawyers. they do not leak. anything you see from the outside about this probe is generally gathered, stuff i get from witnesses interviewed or lawyers involved in the case. >> what do you make of that september 1st, could it suck people into thinking, it is wrapped up now? >> that makes sense to me. roger stone, is one of the last things he was dealing with. he still hasn't been interviewed or indicted next. roger came out with news, he
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could see how mueller might find something negligible about his business activities to go after him on but not russian collusion. you get the feeling that based on what witnesses are hearing and some of this is inference, and that is how i reported last that it looks like it is wrapping up, that it is winding down. now, obviously these sort of probes can stay semiactive for years depending on what they find but it looks like at some point the mueller is saying it is coming to an end. neil: another point just to understand this, because people want to know, does that mean it is over for the president? he is not a target? this will be persuasively concluded that way on september 1st. what does that mean? >> seems they're not finding collusion involving him directly, maybe other people. it is interesting, the probe could simply be collusion of
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people in his near inner circle, people like flynn, not saying it is true. and that he was trying to cover that up when he found out about it. that is a significant case. the other thing i would say is on this whole thing about a spy, and a mole or whatever they're calling this guy informant, i have covered so many fbi cases, this is so routine that you put somebody in the target's midst, that you try to get him -- so routine actually sometimes wire these guys up. i don't know if this guy was wired up when he spoke to carter page. when you have enough evidence to trigger a fisa warrant from a judge, when you have an active investigation like this was an active investigation, it is not unusual to have an informant try to get inside of that campaign if they believe that there were people inside that campaign. neil: giuliani and others said this sun precedented breach? >> rudy, when he was u.s. attorney did far worse. just telling you. neil: if you have someone, an
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entity sniffing around a campaign from the fbi, whatever his purported role is, you don't find that -- >> remember the levels of -- neil: what are they sniffing around for? impropriety or crime? >> here is the thing they have a fisa warrant out on, i this it has been public, carter page, correct? that they could investigate his ties with russians and his involvement with the campaign. once you have established that level, getting an i am enforcement -- informant in there is routine. neil: fall of 2016 race is on. looks like hillary clinton is going to win. some thing come up on authorities radar. >> carter page and other guys. neil: this would complete that, this would be, let's check it out, knowing full well the risk of doing that if it ever came to light? >> if they have an official investigation going on, they have some belief that the russians colluded with somebody inside that campaign, foreign
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influence in that campaign even at level of carter page, papdopoulus. neil: you said it is routine. i never remember that happened. >> it never happened in a campaign, never had for ininfluence. it happens in every white-collar case i covered. neil: corporate i could see. i never remember any campaign unless that comes to light. >> when was last time they investigated foreign influence in a campaign. neil: you find nothing toward about it? >> if they reached a bar to launch an investigation. neil: whatever the justification, if they felt to do something? >> if they felt there was enough here to do official investigation, contacts made by people inside the campaign, maybe carter page, george papdopoulus and other gentleman's name i for get, they have that, they had fisa warrants from a judge. neil: they have to know even appearance of that someone looking around. >> you wouldn't necessarily know. neil: i understand.
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do you think higher-ups would know this is going on, they sent some infiltrate the campaign. >> generally the guys heading investigation would tell high-er ups. neil: would that go to president obama. >> generally no. in the fbi. neil: wouldn't go to the attorney general and the attorney general wouldn't tell their boss? >> depends on the level of the investigation. how serious it was. and i'm only telling you, only telling you based on my -- neil: there is concern that barack obama was tapping his phones. he wasn't tapping his phones but -- >> when preet bharara, u.s. attorney for the southern district was doing, giving you analogy, doing white-collar investigations of insider trading, there were a bunch of witnesses basically wired up. neil: absolutely. >> i'm pretty sure he knew about those wired-up people. i'm pretty sure he had more than passing knowledge. neil: this is very different. this is emersing yourself in a presidential campaign to decide the next commander-in-chief, the most powerful person in the free
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world. >> there are two-ways looking at this. the deep state wants to get rid of president trump, therefore they spied on his campaign, or -- neil: how much of that, whatever they retrieved from that individual on top of the steele memo and everything else, became the basis of this investigation. >> absolutely. look at this way, if you believe it is the deep state that was looking to out of president trump, which they never did by the way, they allowed him to win, they didn't plant stories on him, which they could have right up to the end, if you believe that i see where you're saying this is really, really bad. if you believe that the justice department and the fbi at a level where they had sufficient evidence russians were colluding with the trump campaign, they needed to check it out and at least put an informant to figure out if it is true this, is completely utterly justified it happens all the time. i'm telling you -- neil: i think you're wrong it happens all the times. >> in terms of investigations it happens all time. neil: very different things talking about presidential elections. we'll see, mr. smart at this pants. >> when was the last times
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russians infiltrate ad campaign? we don't know. maybe they did obama's campaign. neil: is it common behavior, you sold your country down the drain. i won't do that. >> is it common for the president of the united states, hack those emails, help me win. neil: why did you veer into james cagney. >> hack the emails. i want to win. neil: some of this we don't know, this much we do, this started to look and starts to look like a bob ludlum novel here. where is this all going? after this. 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 a few days after the shooting we know what the -- did. we still don't know why he did it. there was nothing to telegraph the rampage that would ensue last week. so what happened? what went wrong? fox news's doug mckelway has been examining this he joins us with more. doug? reporter: doug, there is real
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lack of information in the past several hours or so when these schools will be reopening. we know they're closed today and tomorrow but beyond that we don't know and what kind of security measures are imposed if any are imposed at all. certainly there's a sense that the most recent shooting here has become something that demands change that is what governor abbott did yesterday when he cam back to santa fe high to lay a wreath here. here is what he had to say. >> time to go to work to make sure this is a catalyst. to insure that we will build a pathway to reforms, so the other students will not have to live through a nightmare like this. reporter: earlier this morning the santa fe baseball team was back here at the school this morning doing interviews with various representatives of the media and i had to chance to interview rome shubert and his mom. you might recall, may have seen,
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rome was wounded in the attack. he was probably the luckiest guy in that school, in the sense that the bullet passed base of his skull in the back, exited behind his ear without touching any vital bone or tissue. he is very, very lucky. i had a chance to interview rome as well as his mother. >> 7-foot wall, i got 200 feet away from our room and i saw some blood on me. no idea i had even been shot. somebody came up behind me, you have been shot. thought it was somebody else's blood. i hadn't even felt it. i took my shirt off, put pressure on it and took off for the parking lot. >> i belted out and just screened hallelujah, praise jesus, because it was the scariest moment from my life not hearing from him. >> when you first laid ice on
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him. >> i started bawling. i laid my head on his chest. i was like, thank you god, thank you, god, thank thank you, god r your grace. reporter: i spoke to rome's dad. his ice welled up talking about the gift of having his son back. i talked to him about splitval views. declined not to answer but he didn't want want to be controve, he said there are literally thousands of components in the problem. violent video games, family break down, lack of religion in every day life, gun control issue, all these kind of things. he said there are too many components of it, the fabric of the culture decays in many different ways. a lot of people wonder whether you can sew the fabric back together, neil. neil: i am thinking of eight parents and those who are the unfortunate and teachers who are
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not leaving from this carnage with that relief. reporter: absolutely. neil: thank you, doug. a parkland dad knows what these people are going through. i was chatting with him this past weekend on my live show on fox news and this puts it into perspective. all of these ideas are being bounced around again. what do you think is the most important thing to do? >> top of the list is going to be veterans, retired law enforcement and i'm excited about it. i've been working with polk county. the first cadets will be going through the class in june. and they're going to be learned, they will be learning specific scenarios for a school situation for active shooting. neil: all right. remember he lost his beautiful little girl in that florida school shooting. he wants to put a stop to this. he said we need good people at the ready, the more vets the better. former army ranger and security expert chad jenkins. chad, when you hear this, we need people who are schooled in
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this experience, in this, not putting guns in teachers hands, whomever, what do you think he is saying? >> i think from a tactical standpoint mr. pollack hit the nail on the head. i think he is absolutely right. our schools need experts in firearms, veterans, former law enforcement, who can do that that is a great way to help deter these senseless shootings from happening at schools. but i also think in the report that was just introduced, i think it is a multifaceted problem. and that while a tactical element to help deter it will not all together stop from this senseless violence happening at schools and we need to look at it as multifaceted problem. neil: the state closest to doing thats is florida, raised age which you can buy automatic
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weapons 21. wouldn't make a difference in this particular case in texas, because the 17-year-old stole guns from his dad and guns legally purchased. but this idea in florida they have got a set-up now where there is going to be an armed sheriff, deputy sheriff, for every one thousand students. so in that particular case in florida, it would have had three guards on duty. in this school's case, up to two. would that have made a difference? >> neil that is really hard to say. the positioning of the guards, where they would be, here's the thing. you can make the most fortified school in the world, the most defensive school ever, if there is evil-minded individual finding a way to conduct harm they will do that. that is defensive posture at schools and airports, whatever you might have, that will always be a reactive measure and offensive individual has the advantage by taking the first action in these horrific crimes.
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neil: no one talks about trying to ease up on the violent videogames, or ease up on violent programing or work with disturbed kids or kids who could get increasingly violent. most of the talk centers we have to remove guns, take guns away, rein them in. they go back to the fact that there are 300 million plus guns in this country. do you think that addressing guns without addressing this other stuff will just set us up for more? >> i think we'll be set up for more no matter what unfortunately, neil. i think if you're not only looking at it from a physical standpoint, an emotional standpoint, mental standpoint, psychological standpoint but the one we neglect the most, the spiritual standpoint. until we identify that and realize there is evil in the world as our lord jesus told us. we will not be able to face this. it starts with me and starts with you.
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training my young ones the way they should go. when they see somebody hurting in their class and reach out, emotionally connect with that individual. that is where it starts at community level and outward. if we affect eight to 10 individuals we have a good start. we have to have a dialogue and not just about guns. neil: which have to start spying someone on our kids. someone was that blunt saying, i had no idea my kid was doing this or that. i'm not saying to the degree this shooter was. we have to go ahead and intrude on their lives, take the time, right? >> be connected to our kids, absolutely. neil: you said it a lot better, young man. that is why you're a war hero, and i'm not. thank you very much, chad. i appreciate it. >> thanks, neil. neil: just be connected. we'll have more after this. whoooo.
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♪ neil: with the exception of the so-called crisis hotline you wait, and you wait a long time still, is that true? >> that is correct.
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as a matter of fact, "the hill" did a report on this just in march that va had been caught sending false reports about wait times. we know that veterans are still waiting on average longer for care. this is something the president talked about fixing when he was running for office. neil: unfortunately it is not fixed as scott davis says who takes over va at time of that. we know it will be acting administrator robert wilkie. he has a lot of work to do. words are cheap, action not happening. the wait times are still real. the crisis hotline where wait times are dramatically reduced. things need to move and move fast, former navy seal scott taylor. great to have you. >> neil, great to be with you. neil: the gist i got stalking to
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this whistle-blower, no matter the administration, no matter the lofty goals this, it is like a frozen agency in place. why is that? >> you're right, it's a huge bureaucratic behemoth. i represent the district that has the fastest growing veteran population in the nation. i'm a veteran myself. that i very much care about. there are many things, could spend a career in the va to fix problems that are there, the first and foremost thing you need to work on is revolution in culture quite frankly. that will take serious leadership. it is a very big, expansive agency but there has to be a change in culture first. and then you can start looking at all the other things. obviously simultaneously, you need to be working on these problems but there needs to be a culture shift. neil: you know in business this would not last long. you would be out of business and heads would roll. i'm not a big question of firing people willy-nilly. >> no question. neil: few people have been
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replaced or displaced or even moved. i wonder if that is part of the problem, inertia of a large institution, whatever its goals, serving 185, 185 billion-dollar budget i should say, more than 350,000 people it works with, in various branches of the military, that's a lot to do. and i'm wondering whether it is just simply too big and unwieldy? >> it is something that should be talked about for sure. listen, under this congress and this president of course you saw a sweeping accountability bill, va accountability bill that was passed allowed for firing of folks. i think it is important to say the vast majority of people who work at va, are competent, capable, they want to help veterans out, no question about that but you had a huge problem with accountability. some of that is taken care of. they have gotten rid of bad actors in many instances across the va system itself. neil: where have they got rid of them, congressman?
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i'm going from a whistle-blowers report said very, very few. he said most are just reassigned. >> i like when you said that. from what i understand there is a list on the website that talks about some of that stuff but i will also say i myself passed legislation in the house, waiting for the senate, waiting for the senate to pass it, that talks about that reassignment. yeah, quite frankly if you're simply reassigning underperforming folks, then you're taking one problem from this population of veterans and giving it to other veterans, the same problem there. we're working on that as well. but i do think there has to be culture change. i hope if confirmed, acting secretary wilkie will create that culture shift. neil: put a stick in all of this. thank you for your service as well. >> thank you, sir. neil: hawaii, this volcano is getting worse. the lava flows are getting worse. now they're getting dangerous. roads are buckling, there are concerns this is bigger than the
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big island. we'll tell you all about it after this. the ♪ there's nothing small about your business. with dell small business technology advisors you get the one-on-one partnership you need to grow your business. the dell vostro 15 laptop. contact a dell advisor today. at crowne plaza, we know business travel isn't just business. there's this. a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly.
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neil: every day look the like a science fiction movie. now they're talking about something that could be on the verge of out of control. fox's jeff paul in hawaii with the very latest.
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hey, jeff. reporter: hi, neil. the volcano remains very active with another explosion erupting from kilauea's summit there. is growing concerns about the lava in the lower rift zone where the flows are growing wider and moving much faster. two fingers of lava are entering the ocean, creating an air hazard known as lays. this is a steam plume with hydrochloric acid and tiny particles that can be corrosive. this is crucial way out for residents this is a we just toured with the hawaii national guard and it is shut down and stranding anyone on the other side. >> this particular flow very fast, compared to earlier lava flows that people might have seen on videos where it is just kind of crawling along, inching along. this is, as far as lava goes,
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this is pretty fast. reporter: now, neil, i will have to tell you while the air quality in some spots like the one we're in at times can be poor due to those toxic gases, the ash, and laze from the ocean rafah mix, it is not impacting commercial air travel. we're having people ask us if it is safe to travel to hawaii. they say still come. this place is still open for business. the volcano is only impacting a very small percentage of this island. neil? neil: wow. good to hear on that front. jeff paul, thank you very much. now to jeff flock on improving economy, rising gas prices, jet fuel prices just in time for summer driving season. jeff at o'hare international airport. hey, jeff. reporter: hey, neil. it is about oil largely but complicated when you get to jet fuel prices. oil is up again today,
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approaching $72 a barrel. it is long, slow, steady rise. that has driven up gasoline prices up almost to $3 an average nationwide. that is nothing like what happened in jet fuel prices. they have been up over the last year 60% worldwide. part of that is the result of shale, phil flynn talked about this extensively. shale is light and sweet and so it unfortunately doesn't yield as much diesel and jet feel when it is distilled and processed this. is why jet fuel cost as whole lot more. what's that going to mean for air travelers? see what doug parker of american airlines said about it. one as cost of production goes up, the cost of the product generally follows. i would expect you would see higher fares to consumers over time. these are other things that airlines are doing quickly to try to maintain their profits.
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one, they're eliminating free checked bags on overseas flight. american and delta doing that. reconfiguring airplanes to get more seats on it. that means a little less leg room for you if you don't pay for it, fewer bathrooms. do you believe that? fewer or smaller bathrooms? that is what they say. they will cut routes that don't yield at much in terms of profit. so the squeeze is on. travel now. prices are going to rise. neil. neil: wait a minute. you have two bathrooms maximum on a plane, right? for the most part. >> yeah. neil: they take one away. reporter: and smaller. neil: there is just one left. reporter: make them smaller. neil: how much smaller than they can make them. they are the size of a laptop case? reporter: you're a big man, neil. i know it. neil: well that is not going down well here, that comment. i totally was a mistake asking him questions.
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this can't stand, jeff. we can not let this stand. you're thin and fit. all this stuff. you have to rally for all men everywhere, big men, those bigger than 40-pound. this is ridiculous! fight the battle! be with me. reporter: it is crazy. i'm with you. i'm with you. i also need more access at this age. neil: yeah, fine, fine, fine. left prune juice on the side for you. don't forget that. can you believe this, two bathrooms and whittle down to one. don't even go there. we'll explore your options for travel after this. what is an act of mutuality? for a single mother, it's preparing her daughters for the curveballs life throws. ♪ and it's guarding a family weekend- ..l.
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.. it's planning so by the time this little guy's ready for college, she will be too. ♪ and it's sharing this retirement, with those who make life worth living. ♪ every way we look out for those we love is an act of mutuality. we can help with the financial ones. learn more or find an advisor at massmutual.com
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and a full education curriculum- just to help you improve your skills. boom! mad skills. education to take your trading to the next level. only with td ameritrade. neil: all right, this is all about china, the rally we've got going on in the stock market bringing in and out of 25,000. it is all about avoiding trade wars one wireless server per day. the trade is on hold. it doesn't mean it's all. the administration feels it is making significant progress here since the chinese agreed, again without offering too many specifics to buy a lot more u.s. goods. whether that would ring the deficit down from the threat of $75 billion or so to a figure the administration wants to stay close to 275, 250 billion isn't going to happen, but it is the first time that in order to avoid a wave of tariffs that could have taken effect, the
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chinese have done this. the purpose of the putting of finding out how they will go about this, what they will buy, and anything and i doubt that relates to trade in most of these are multinational concerns are they all relate to trade. they do a great deal of business to china, like boeing, caterpillar up smartly. the rate for market watcher mike murphy. everything is in the details here, but right now we avoid what could've been a trade war at least i had a presumably the june 12 the north korea talks. what do you think? >> great to see you. great news for the u.s. economy in the u.s. stock market. the president went out and said he was going to stand his ground, renegotiate a better deal for the united states because he said the deal we currently have was unfair. now you are seeing that china is coming to the table. they are going to negotiate them will have a better deal for the
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united states of america when all said and done. >> you agree? >> the decision to stand down and do not push these tariffs lowered is a very brave and proper decision. i was there antagonistic towards the original talk of imposing trade protection for putting tariffs into effect. this is a wise move. we need to make sure we can move forward with nafta at the same time, but this is obviously a good decision in the markets are taking it properly. >> if it does work and they agree to something with an outcry for, you could argue this approach, may be crude as it is will be the marker by which we get things out of the future. i'm sure you might think twice about that. >> the only thing that bothers me is it's a little confusing. we've had a president who's pro-trade protection and terrace and decides to stand down. if fans the beneficiaries does
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the same boeing is doing well, ge is doing well, but the most benefits -- the great beneficiary of all of the american agriculture appeared cotton through the american agriculture appeared cotton through the site, saving 2%. those are the things that will do well over the next several months. neil: those are the areas that presumably target other cultural goods. i do notice that gold is at the lowest it's been this year. the dollar index is soaring. why is that i'm not the markets getting ahead of themselves? >> i don't think it's getting ahead of itself. on the back of good earnings, the market is flat or up 2% or 3%. the market has some catching up to do here. gold as a safe haven in the event that the trade were materialized into some great big battle between the united states and china and some people went into gold for that reason and are realizing that simply a
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negotiation so they are selling gold, getting mongrel prospects like the u.s. market. >> be ancillary to this is what is going on in the 27 to $30 billion of the merger proposals announced on the day that shows that the markets are worried about this cloud of uncertainty over the molar probe, china and where ago. they have a funny way of showing it. why is that? >> you see a lot of m&a activity and you'll see that and remember we also run venture capital funds. on the lower level, you see even more activity there because technologies have proven so rapidly that the bigger players are going out and rather than trying to build something, they go out and acquire because they have strong balance sheet for smaller rivals and it's great for the u.s. economy as a whole. >> if they are talking about a nafta deal that might be imploding, one that doesn't
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require congressional approval. how likely is that? how difficult is that? >> i think it's very likely and will have to happen quite soon. in the united states, most americans don't realize how much trade we agree with. and probably japan combined. the amount of trade is extraordinary. if we don't do it quickly, we will have the left wing government soon to be a lack and that will be difficult. it is what is being discussed and probably what shall be accomplished. >> thank you very much. again on that point, and one that doesn't require approval could also mean a skinnier package but not as much in it that the president would want to see the wheeling and dealing beginning with republican
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senator bill cassidy are not. are you optimistic that a nafta deal could still be had? it's tough as he reminded me. >> i actually think it will get done because it is so important. we do more trade with canada than i would have with mexico than we do with all these other countries. we export more in that case it's incredibly important to our businesses and workers. i think it gets done. >> on the china thing, were you surprised that it might not be a full-fledged deal yet, but there is a commitment on the part of the chinese to buy more goods for months. i guess the details would have to satisfy the president that it will be substantial number of goods and services. >> it doesn't surprise me at all. they support excess of $500 billion more than we do today.
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we need our market to keep our folks moving out of poverty to a higher income level. if they don't have our market, they will have civil unrest. on the other hand, they may decide to purchase commodities. that would be fantastic for louisiana, natural gas, things like that. they have a lot of capacity and they can achieve whether obligating through that. >> i always wonder, be careful what you wish for, if it ignite economic activity for those who work at the places from which they are buying, they are more inclined to buy a lot of stuff undoubtedly from china, which stands the prospect of increasing the deficit. it would be weird, but it wouldn't be unfathomable. >> we have agreements to send them methane and natural gas. i think that benefits us in a variety of ways. we pointed out as manufacturing moved to china because they use
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coal as a feedstock, not natural gas. they're concerned about the environment there's more things to buy and that's a good thing to have. >> i'm wondering which you make of this reported division among those of the white house with steve mnuchin is more globalist these days, but more inclined to do things in moderation, not sort of blow things up as this peter navarro is inclined. in china a couple weeks back, we don't know what the truth is. we know that they come from distinctly different points of views. does that worry you? >> it's going to be a tension that is there. i would say mnuchin is at the camp that trade is not zero-sum. it can benefit both sides for us to get offense from others in the administration did you think of zero-sum.
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the u.s. benefits from our investment in other countries. they tilt the roles doing business there to favor thereof. if you wall of china, in general i am for free trade because that brings more business than otherwise. >> i'd be remiss if i didn't feature a thought in texas and once again democrats say they have dropped the ball on this on reining in guns better than 300 million out there. they are big fans of what happened in florida where they attacked on a variety of levels including more officers in schools, raising the age become by certain weaponry. what he think of all about? >> i think you posed the problem correctly. this young man stole his father's weapons. if you want to repeal the second amendment until the father he does not have the right to have
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these weapons so his son cannot steal them, that is an issue. democrats actually believe that. as an intellectual honesty there they can dance around the issue. we live in a free society and so far the american people have voted for freedom. >> this would have not been the case certainly in texas where i believe the gun purchasing age is 21, wherein your case as you aptly pointed out the assailants stole guns from his father. leaving that aside, is there something where the sides can agree on the multitiered plan much of this was done in florida or not? >> a couple things. we've agreed on a lot of things implemented. chris murphy and mike, progressive senator from connecticut co-authored the mental health bill of 2016, which is now being implemented. the understanding being at a young person has a mental
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illness, they would have been mental illness addressed as opposed. the last senate bill passed created millions of dollars to make your schools more secure. there's also another proposal in the bill yet to be implemented but now pass on a bipartisan basis for the charges released from school. where cruise was in parkland, florida, but into a system where the one for us men and mental health professionals would collaborate with the school system to bring needed help and supervision to the child. there is a lot of things that have been passed, just not yet implemented and i would hope was implemented we can do something to decrease the frequency of these attacks. neil: senator bill cassidy, thank you for taking the time. we will have a lot more on not. they are buying like crazy. i believe nine of 11 s&p said yours are up right now.
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most of it on the relief that will not at least be going to war with china over trade. for now. after this. with this clever little app called audible. you can listen to the stories you love while doing the things you love, outside. binge better. audible.
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trying to all right, the
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president is apoplectic about that. a lot of people around him are curious about that. a lot of folks wondering, informant is kind of like doing something weird in the middle of a presidential campaign which has never happened before. blake burman at the white house with the latest. this is why president trump was reading about this throughout the entirety for a good portion of this weekend. a handful of tweets. he has not said yet 3100% believes this was the case. his team has not yet said the 100% believe this was the case. the president continues with the possibility of this. for example, one of his tweets over the weekend. if the fbi or doj was infiltrating the campaign, a benefit of another campaign is a really big deal. documents at the house intelligence committee and senate judiciary can give conclusive answers drain the
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swamp. in another to read over weekend, the president demanded the department of justice what into the matter appeared shortly after that, doj says inspector general is looking into whether a counterintelligence investigation was used for political purposes. the top republican on the house intelligence committee is devin nunes. he's been seeking information to no avail. the president was wearing an the new cia head gina haspel at one point he made a point to point out devin nunes in the crowd. >> a very courageous man. he's courageous. congressman devin nunes, thank you for being here. appreciate it. over the weekend he said if this was the case, if the fbi was using informant on a political campaign, he said that would cross a red line.
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>> blake at the white house. thank you, my friend. what happened in this case for an informant, spy, they've been very careful about saying this is a huge deal or not a huge deal. someone planted in the campaign for the presidency of the united states. this strikes me as a little bit odd. the federal white collar criminal defense attorney extraordinaire. caroline, sorry i was just looking at my notes there. is that your thought this is unusual? they say it does have my brother, charlie gasparino one. this happens all the time. i have no doubt it does. but this is the president of the united states or someone campaigning for him. >> there's a reason why we are also focused on the semantics here. in one sense it is not out of the ordinary to have discrete contact with fbi informant and
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was likely the case. contracts were three members of the trump campaign before mueller was appointed. when you start using the words mole and implant mole and implanted an mole and implant it in embedded, that's a little bit of a different story. the question is whether the doj policies and procedures for confidential informants were taken into account here. certainly it sounds and that is not to say that rod rosenstein doesn't come out publicly stating that he is going to expand the scope of the ig investigation into potential corruption within practices the fbi used in the campaign. it doesn't seem like this is out of the ordinary. >> already. could this inform the basis of what could be an investigation that would morph into the mueller investigation, that itself was partly spared by a
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still report another controversial methods. obviously they are coming back to say it's all built on a house of cards. >> we saw president trump deliver that demand via tweet. that is just his justice department beginning an investigation into this issue. i think rod rosenstein is toeing the line sorted in his response. look, we are already having this investigation, which is sort of the doj's internal watchdog into potential fraud taking place within the doj. already an investigation underway. the throw that into this without having to open a. neil: i can just imagine i'm almost done with my report, ready to wrap this up, and in that report. >> it may not. it would be a separate affair, would it? >> i think what rosenstein is doing this a long standing
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historical precedents to maintain the independence of the department of justice. not to say the department of justice is part of the executive ranch. it certainly is. historically speaking, they stay in their own lands and the oval office there's not much say about what the doj does. rod rosenstein is in a very precarious position and i think it's really struck a balance here in his response. neil: do you at level find it odd that the fbi is sending someone to sort of be a mole in a presidential campaign. i know the reasons that might have prompted this. that old saying is a bad mission impossible script. >> is a criminal defense attorney, it's fairly opaque. the ways in which the fbi send confidential informants in all aspects of criminal investigations are very opaque. there are clear rules and regulations because of the nature about work.
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we sing talk about protect his sources and methods over the course of the past few days. the argument goes that is essential to safeguard these types of investigations. we could all benefit from knowing more transparency about the process, but again, a delicate balance. the mole versus confidential informant with discrete contracts they think there is a distinction with a difference there. i don't know for sure if they made contacts with these trump campaign officials. >> if the person they shouldn't be there. >> they indicate someone, kind of casting a wide net on a fishing expedition where sap talk about a discrete informant looking for particular probable cause to investigate a
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particular crime being investigated. the fbi doesn't investigate political issues. they investigate crime with potential espionage. >> knee-deep in a presidential campaign. thank you very much. good to see you. the president meeting with south korea visiting the white house. this will be the final sort of setup event before the big event in singapore on june 12. what do you think is going to happen there? after this.
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neil: i think this is the last setup of the south korean president meeting with the president tomorrow. what they outlined ahead of those big talks with the north korean leader, slated for june 12. the former state department adviser under bush 43. christian, always good to have you. what do you think tons of tomorrow's powwow?
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>> just to get on the same page. the president is from a left-wing background and his party is much more inclined to deal with north korea to give up concessions even if it comes before north korea delivers a confidence building effort whereas trump, bolton and others lead to failure twice before. this is an effort to demonstrate solidarity and get on the same page. >> do you know the joint milita? north koreans were upset about that even though they've been going on routinely are not meeting. we dialed it back with the big wedding ring for the big personal matters like the b-52, what have you. what do you make of this and whether this is something south korean suggested they consider to avoid any impediments before the talks? >> it definitely came from south korea. it's not a huge concession.
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b-52 is not a very survivable weapon system. as one with a long history. neil: educate me here. they didn't give up the joint military exercise, just scaling it down. >> this comes on the heels of significant exercises delayed during the olympics also at the request of south korea as a sign of peace that the will of the korean peninsula. we are to have extensive military cooperation, cetera. not much of a giveaway. neil: if you don't mind in this back-and-forth division, maybe it is not a big one, but it went public when you heard that navarro and treasury secretary mnuchin were arguing quite loudly in china. two different approaches to deal with the chinese. now this potential breakthrough the calls were no terrorists been implemented because the chinese have agreed to buy a lot more good from us. your thoughts.
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>> this is more of a statement than a concrete agreement. i fear that the treasury secretary may have oversold what china is willing to do. we will have to wait and see. maybe china is willing to concede and found threats of serious sanctions under 311th dealing intellectual property. other parts of the administration, everyone aside from mnuchin and kudlow think we'll need to go through some serious pressure on china to get real administration, it tends not to be mnuchin, ross, the lighthizer. neil: when i first heard of the dustup if you believe everything came out, that mnuchin may be in some trouble here. who knows. is it your sense that say what you will about the chinese can say that whatever they do is more than they've ever done on this matter going back decades with republicans and democratic presidents alike.
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>> hard to find any in administrations from china and that's the problem is they are used to getting their way and have a lot of support from wall street here. even people here who understand they have a method to systematically selling our intellectual property don't want to incur the near-term pain to get back to some sort of fair, normal relationship or achieve that with china. any sort of concession would be an improvement, but we should hold out and i think the president wants to hold out for something if you can't change from china. not just a few more soybeans. >> a wooden happen before the meeting. >> as far as the june 12th meeting, they are running on separate tracks. we have complex trading negotiations.
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being negotiated. in sanctions on europe going on at the end of the month. good seeing you again. don blankenship, the coexecutive is spent some time in prison and is on the verge of disrupting the entire process and what he left out to the republican attorney general. he is running as a third-party candidate. republicans worst nightmare is now happening. the fallout after this. it's absolute confidence in 30,000 precision parts.
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neil: udon blinking thing, after losing the primary, he wants to run as the members of the constitution party is here. that could effectively hand this race. it is true to joe manchin. >> here's what i know about don blankenship. they don't want him. he came in a distant third.
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neil: when they siphon away from republican nominations? i vote third party. i love independent ideas. i love the idea of a coalition of interesting people. that is not wide don blankenship is doing. why would you hand it to joe manchin? >> you are convinced the matter what it would tip the scales in favor of joe manchin? >> i think people dislike don blankenship so much it might make him a better candidate. it may force him to focus on the issues most important to the people of west virginia and not just his own political aspirations. as we know, those are two vastly different things. joe manchin is a readable democrat and i don't think he's going to do enough to go far enough right in order to really please the people there. but he is an establishment political beast. he knows the landscape well, but does he have enough goodwill to become victorious?
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i think don blankenship is dead behind the eyes a little bit. drinking now what we are looking at is the race at is a race that's a potential pick up looking less likely. i'm still seeing republicans have been a very good shot at increasing numbers. >> that's what it's going to come down to. good candidate and inability and speak to people off at dead by that state in the economy therein. from southern california to eastern west virginia. even though it is the west. europe to date on whole starbucks thing. not even customers. what do you think about that? >> starbucks wants to have it both ways. they wanted to be politically correct, but they have to realize that their audience can be quite snooty and customers who go and are willing to pay $8 for a cup of coffee. do they really want to hobnob
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what do homeless person who's making a big party in a public bathroom. neil: i never thought of it that way. obviously in doing this, they are trying to get over the incident with a few african-american men who were treated poorly and all that stuff. are they going too far the other way than what would have been to every major player that has to do or consider doing the same. mcdonald's, burger king, department stores. >> you can pretty much sneak into any bathroom. it is not like sneaking into the "vanity fair" oscar party. neil: you act like you know. >> i'm so full from that bone dry cappuccino. >> they are so busy in starbucks. if you walked in here telling me a lot of the bathrooms are locked in coded your >> a lot have keypads with five
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digit codes that you have to ask twice. is there a setting in there? you have to remember the bathroom code. i just gave away one of them. neil: you have to then -- how would they know even without. if i said hey, kennedy, did you give me the code to the bathroom. you're not going to give me a look like wait a minute. >> that is either closing starbucks on may 29th. someone asks you for a code who doesn't look like your typical starbucks customer come you can't eyeball them and assume this is a ne'er-do-well in the wrong place who wants to harm your words. neil: they stand at risk with their existing base to customers to get annoyed. >> is it going to become a hobo bath house? >> you will spend five, six, eight bucks. maybe nothing happens.
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in the metropolitan area. >> it wasn't just the two men in philadelphia. there have been pregnant women and police officers who've also been refused the louvre. neil: pregnant women? i can't stand. >> hurling her pregnancy, perhaps he wasn't showing it. every pregnant woman is a goddess and should be able to find relief. neil: it's very hard to find restaurants. >> the nicest ones are the fancy, high-end clothing stores. very nice. the tile and -- you have to look like i'm just spent $6000 on london's. i need to find -- [laughter] neil: they know you when you walk in, don't they? >> i get treated like julia roberts in pretty woman when i
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go to fancy stores for the first time. there's nothing there for you. i ago when then say big mistake. neil: something is very true. companies spent another to be so politically correct that they just lose sense of everything else. >> that's why political correctness is. sometimes you don't want everyone in the world using your bathroom. how much of an open borders policy do you want in this country? if you and the entitlements they come you're not going to create such a mad at. starbucks has made a brand-new magnet for lord knows and they said we don't want to be a public bathroom. too late, howard. that's what you've created. neil: talking about howard schultz, the founder. you think this is going to boomerang? >> i would be my chops because i know the windfall is coming. don't condone a.
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neil: dunkin' donuts doesn't have that. >> maybe that's the key. do people still go to dunkin? >> that's a brilliant point. thank you very much. if you want to keep abreast of what's going on in the world in a way that may not be helpful to you. can you imagine her walking into berg horse? did you enjoy the wedding this week? >> i loved it. i loved all the uncomfortable feelings in the giggles. i'm a huge fan of british history. >> if anything it should have begged for like a science fiction. just a comment on the hats and everything else in >> the hats. $16,000 hat will never get detonated. neil: barrenness cut off right
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now. thank you, kennedy. you are the best in the funniest. hard to top, but we are going to try after this.
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>> tesla model three might be called for the masses, but
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supporting a price target here that might not exactly before the masses. susan leigh has the details that isn't quite as affordable as it was once deemed to be. >> hey there, neil. not being recommended by consumer reports. a couple of hours ago saying it's not recommended because the big flaws that requires a longer of 150 pickup at higher speeds. that's not good as they try and sell the premium model. just this weekend promoting and treating a new performance model. it comes with a dual motor, and so much more. the problem is they will set you back nearly $80,000. more than twice the price of a model three to advertise that it excludes the autopilot feature. a basic model three will be a collectors item one day because it's just so rare.
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in fact, they started delivering last july, only premium costing $44,000 effort being made and delivered. defending the lack of basing models would actually cause tesla to lose money and died. tesla has had problems. had problems ramping up production twice pushing back the market and executive departure, utah, florida and california and is one of the most shorted stocks on the market. the stock is rallying today. up a bit more before consumer reports came out with the recommendations are lack of recommendation predicting tesla will have $500 a share as they tried to make more money than they might make more money selling premium model three. back to you. >> thank you very much. do any of your member kodak, the photography giant eclipsed by digital photography didn't see
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what was going to be the new technology on the horizon and was thought to be all but buried and gone. entering a development that is striking people is interesting. the new crypto currency tailored i believe for the time being the digital ceo and kodak partner. what will this be? exactly what is kodak doing right here? >> first of all, we have a brand licensing deal with kodak together and we are developing the platform. the kodak decided three major services. the first is documenting her registering the images on the block chain and proof of ownership and secondly providing a post-licensing service where you can crawl the internet for images and detect infringement
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in offering a post-licensing service that would legalize and monetize these infringements. thirdly, create a marketplace where you can then purchase and related products. only with the kodak claim. neil: and only for photographers. >> only for photographers. we have a professional approach. neil: everyone thinks this whole technology through the prism of that coin, but it is not. explain. you see the whole technology itself the thing we should be talking about. >> sure. the block chain technology i consider a little bit more not only is movement that brings exciting opportunities to all sorts of companies, but especially for the usage of digital assets documenting were digital assets are going to and how much is going to be paid for one digital asset for the industry itself in not only the
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creative industry, but the creators felt because he's really getting back the control of his asset because he knows he can really follow a license has gone. neil: can do that, jim, i'll would technologies that exist? >> obviously not greater photographers should have put it out there in the digital world. he at least has the contact to his agency. as soon as it's out there, he doesn't know where it's going and how much it has. neil: some are taking advantage of in using more traditional avoids that. >> the traditional system will end. >> the accounting system would have two things here with a payment layer beneath it. first of all, the documentation
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of all the license agreement that won't be existing anymore in the future. neil: daycare trouble in a sale and understand it and i won't know it. on the unesco playing with with this. you say what? >> we have a lot of education to do because watching technology is not an easy field for everybody. neil: but is it the death of existing currencies down the road? >> no, definitely not. existing currencies would always be there. it's a huge opportunity for product which are creating their own currencies within an existing platform. neil: so this developed photographers. contractors of any sort that could use this in only this. easier more efficient. >> definitely. basically transferred the internet, which is a huge field.
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it is interesting to deal with the block chain technology. neil: what about those who worry this gets to be a purview for people like the mob that can hide their purchases and escape notice. you say that's not the case. >> i think it's the other way around because what you have to understand even with the currency, everything is well documented in the block chain. neil: is it? and traceable? why do so many of these groups who don't like all the burdensome regulations for traditional currencies like this? >> they didn't realize it because there wasn't a big focus. it started when the authorities were looking on this. by the end of last year, it's a very new field and everybody is realizing that they have to take a deeper look into the whole story. neil: i discover a lot of people are realizing that it's a whole new way to do business. you put anything crypto related
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in your business model, like kodak and is legendary. this technology has the waking dinosaurs that have something to do with this business. >> i think so, but it's not because they were dinosaurs. neil: they were until they put sending crypto in their name. >> is the exciting opportunity they see in it in a misunderstanding to say you put in is really exciting to jump into it >> been the digital ceo who's raising for a whole lot of attention. word that the president with rod rosenstein well at 3:00 p.m. presumably to go after these
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plans are insider that was spying on the trump folks. they say not fine, just sort of looking around during the 2016 campaign. it gets murkier and murkier. right after this. . .
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neil: not too far away from the president meeting with fbi director christopher wray and deputy attorney general rod rosenstein. that will occur about an hour from now at the white house, presumably on this spy, mole,
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curious person, planted in the trump campaign in the fall of 2016. so much we don't know. this much we do. the administration is not letting go of this. trish regan to take you through the next hour. dow up 320 points. trish: thank you, neil. we'll get to questions. breaking rally up, 321. wall street cheering the administration progress with china on trade. perhaps breathing a sigh of relief. i'm trish regan. welcome to "the intelligence report." ♪ wall street has been so worried about a trade war, right? that dominated so many conversations. today as we basically stick with the status quo while negotiations continue, you got investors saying huh, it will not be that bad. treasury secretary steve mnuchin saying the trade war with

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