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tv   Cavuto Coast to Coast  FOX Business  June 5, 2018 12:00pm-1:59pm EDT

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but with the lack of people showing up. stuart: it is insul >> it is, to anyone to get an invite to white house, i'm sorry, no matter what you think. >>nly go or three players showing up and mascot. get out of here. good for the president. that is absolutely right. that is my opinion. neil cavuto. thanks very much. neil: we're following primary day. california, new jersey, alone, the democrats are looking to flip potentially up to 12 seats there, seven in california, five in new jersey. that would go a long way toward a 23 they would need to make the house of representatives go from republican column to the democratic column. it isn't so easy. it won't be so fast, that is why we're all over this tonight, beginning at 8:00 p.m., till whenever. but early signs are right now, people are turning out for this primary and across one state after another, including the oddity what is going on in
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california. we'll get to that in a second. there is optimism here among some republicans that so-called blue wave might not materialize. a quick peek before i get to guests at corner of wall and broad. the dow is down 83 pointsht now. our charlie brady, who follows this stuff far bette than anyone else on planet, noticed there is narrowing between yield on two year treasury note and 10-year note. the reason why that is important to watch, it is a good thing he is watching it, the narrower that gets it could presage a slowdown, even w cession. not all the time, but the fact it is narrowest it has been between these two instruments in a decade, some are wondering something is going on they don't see or appreciate. you don't see it in technology with nasdaq racing higher. and amazon, and all the technology issues in a universe their own the most part but you start seeing it in financial, financial-related issues. we're monitoring this.
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we want to posit this is just one minor development but we are keeping a big eye on it going forward. now to what's at stake tonight country, including the the granddaddy of them all california. "usa today" congressional reporter eliza collins, "ballotpedia" editor, scott rasmussen and columnist jonah goldberg. california and new jersey, where there is a good chance, there is a very good chance democrats could flip those seats. i say could. doesn't guarranty they would. that is 12 seats right there of the 23 they would need. how doable is that? >> it is very doable as long as democrats don't step on themselves. we're really watching california. you said granddaddy of them all, they have a different system. they have the jungle primary
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system, the top two people come out of the primary, no matter what parties go into runoff. not like other states where republicans have a primary and democrats have a primary. there are seven seats the democrats are targeting they have a chance. hillary clinton won s some are open. but, the democratic enthusiasm is actually kind of a problem for them here because they have so many people running, that the vote could be split and in theory, two republicans could end upcoming out of these primaries. in at least two, looking like two or three of these. democrats are really worried their enthusiasm could step on their chances in at least a few seats. neil: you know, yould argue as well, scott rasmussen, it works for democrats say in a state like california in the way that two top vote finishers battle off in november. those could be for governor, two democrats, right? >> it could certainly happen. it is likely to happen in some statewide races but doesn't really help the democrats that
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much because a democrat would win in november whether there is republican on the ballot or not. that is the nature of the state in today's world. the important thing to realize it's a really stupid system. it is a dumb way to have an election. neil: why do they do it? under arnold schwarzenegger, wasn't the goal to get more modete emerge? >> i think the idea, theoretical idea partisanship is bad. republicans say bad things about democrats. democrats say bad things about republicans. if you get rid of all that stuff everyone will behave. that is not where that works. california district 39, 16 candidates running, if they all split vote, 6% each. what you see in a couple of places is the second place finisher, which we don't kw which party they will come from in margin of error in polls. there is no real way to tell who will come out ahead. neil: jonah, the undercurrent, i know the blue wave, something
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democrats like to talk about although not as confidentially, maybe it is because the economic numbers, the markets, today notwithstanding, optimism that people are reflecting even when they saw a poll about parents and prospects for their kids graduating, more of that kind of optimism. it might, it might, stave off this rampage on the left. what are you hearing? >> yeah. i think that is obviously part of it. i want to echo one thing scott said. as a true-blue conservative i think this is a great example of the law of unintended consequences. we come up with something clever rather than something time-tested can blow up in your face. in terms of the blue wave thing i think the economy, apparent progress on north korea, these things are part of it. but also, a l ofemocrats were convinced when they started to see the polls move that they needed to get out there with their agenda and not just being anti-trump. the problem with that, is that a big chunk of the liberal agenda,
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particularly the hardcore, bernie-based pessive agenda is not popular. and so when you actually to out there, we're not just anti-trump havs agenda, we want to raise taxes, it send as bad m it activates the republican base who may have been sort of uninterested in the midterms. they start saying hey, wait a second, they want to raise taxes do things we don't like. maybe we should vote. it has sort of a catalytic immune response from republicans. neil: age-old quandary, right? do angrier voters are more apt to get out in the polls versus satisfied voters who like what is going on, we'll see. there are more satisfied voters than originally democrats had envisioned but that could change. guys, while i still have you, i want to get reaction i don't know if it's a case of china blinking, willing to deal with president trump, offering to buy up to $70 billion worth of u.s.,
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largely agricultural products, that could be seen as victory for wilbur ross, leaving beijing yesterday apparently empty-handed, but maybe this is the start of something. eliza, markets are not responding as if they don't really care. >> but i think in congress republicans are optimistic or hopeful. trade is a huge issue,ding trade w republicare really frustrated with the president about. neil: right. >> nervous what it means for midterms. they might feel hopeful but we just don't know. neil: scott, sometimes i think trade issues are esoteric until consumers feeling it, voters more to the point feeling it, seeing products they love are suddenly more expensive and hard to find. >> that's right. look, most people when you think about the economy, we don't know what the economy overall is doing. people respond what they see around them. if you're a company hiring people, you feel the economy is great. if your employer is laying people off, you think it's a
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terrible economy. right now that's creating those good feelings that jonah mentioned. it is creating this growing optimism among republicans about the state of the economy. i don't think these trade issues will have that kind of effec beee now and november simply because they are esoteric to use your word. they're not something people feel right around their home and their community until it begins to weigh on the emy at large. neil: esoteric is the world i live in, my friend. that is my entire job. but you know, jonah, i'm curious re shi sorting out here? particularly when you look at the senate where there is a good possibility republicans gain seats, and back to the house where there is a good possibility they stave off a complete wave, enough to maintain conol of the house, how will that b read later on? >> yeah. it is so hard to see. i mean, i still think that if you have, i have a hard time
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believing that this will join with the post-9/11 midterms and fdr's midterms one of the few examples wherehe preside part d take a the beating in the first midterm election. neil: i don't think they won't take a beating. not as a control of the house beating. >> historical average is 24 seats. neil: 24 would do it. >> they now need 23. what would be glorious, if the republicans hold on to congress will be absolute, hammer and tongs rending of cloth, recriminations about what did we do wrong to blow this opportunity in the democratic party. i think that is something that you would deaf see. if they do take back the house, you know, day one, i think you're going to look impeachment hearings. everything that we think is nasty about our politics will get nastier. neil: that is probably an understatement. folks, thank you very, very
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all kicks off tonight. ng going on in all stes as we speak. live coverage ofrimaries. "national review" with my friend lou dobbs at 7:00. at 8:00 we come on to sort of get a read in new jersey, iowa, mississippi, montana, new mexico , south dakota, california. you'reng 27gressi s could be in play. to 15 republican seats now that could easily switch. now there are gubernatorial races in there, some senate races in there. but by and large it is about watching the house and where the prospects go. that could decide everything and is could b telegraphed tonight. which is why we're on it. more after this. alerts -- wouldn't you like one from the market when it migh to buyll? with fidelity's real-time analytics, you'll get clear, actionable alerts
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neil: all right. sad news to pass along. we're just learning fashion designer kate spade has died apparently of suicide this morning in her new york city apartment. according to "tmz," host of other sources including ap and local newspapers. she became famous with a handbag line and later stretched across the fashion spectrum. she was 55 years old. we don't know much more about that but an iconic fashion name, kate spade at 55 is dead. meantime economists are looking at the economy saying
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this can't go on very long, that is this recovery that seems no bound of the by 2020 the view of these economists it end. that will be year of recession. so, longest stretch we've seen in postwar environment without a slump or recession or two back-to-back quarters of contraction. national association for business economists survey analyst jack klein. jack, very good to have you. what does this mean, jack? they're saying by 2020 you could make a case, certainly by ths a good possibility but what are they basing it on? i think it's a possibility and it is the best guess we have that by end of 2019 or early 2020 that there is a good possibility that we might see the end. of course we are beginning the second longest expansion right now as we get into 2018. the growth rate we're seeing for 2017 is not a bad pace. certainly at about 2.8% for this
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year and 2.7% for 2019. we need to recognize that the economy is functioning fairly well. neil: you could make the argument things are picking up a little bit. one quarter does not a trend make. >> that's correct. neil: we've seen trends, all of sudden employment report, including those at the atlanta fed saying we could see 4 1/2% clip activity. first of all, do you see that? does that type of data push this doomsday scenario back a bit? >> i think there is data in the survey that suggests could push things back. industrial production sentiment at 20182.83% which we haven't seen in some sometime and investment in non-residential expenditures and capital x, is very strong, 5.8%. that could carry us along. don't forget the driver of the economy continues to be the consumer. we saw in the surveygests that we have 2.6% growth rate in
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consumer spending if 2018. it is a little behind where we say three months ago that has to reflect we had a softer first quarter. i think as we look at sort of a number of factors and look at some of the data that came out last week, neil, for instance, construction spending was up. we had very good, t datan reta spending earlier in the month. we think about the data on manufacturing looks fairly good. so i think there is a number of metrics out there that really kind of support the underpinnings of the survey. neil: you know, jack, it dangerous f me to say it is different this time because people always regret saying that but the note on this recovery was maybe given the severe recession preceded it, it was slow. it was steady. it was respectable. it wasn't gangbusters though. because it was such a tepid recovery, it hadger legs. and that 2020 thing could be off, maybe by years.
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what do you think? >> yeah. it is very possible.i mea againa probability function for us. neil: sure. >> it is our best guess when this could happen. we need to notice in the survey e are som risks as we look out over the next year-and-a-half. certainly trade policy is one of them. we see that we're walking up interest rates. inflation is a little bit higher as we go forward. so all of these factors are certainly entering into our perception of how the economy is going to perform. but i think, you know, it's not 100% probability. it is a median estimate of what we think is best expected and it could be pushed back as you're saying, neil. i would argue that is a good idea to think about it in that fashion. neil: thank you very, very much, jack. thank you for taking the time. national association for business economic survey analyst, chief economistf the national retail federation as well. thank you again, jack.
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well if those who trade technology stocks are worried about any of this they do have funny way of showing it. nasdaq any gain is good enough for a record. it is being led by normal players like amazon, apple, alphabet, facebook, remember them? if you have a memory at all they are the ones leading this charge. every time they get hit they come back. jared levy following all of that what do you make of all of that? >> there is a lot of talk of privacy iss and concern that would get in the way of things but you know what? the money is there, the momentum is there, they're still innovating, as much as privacy is all right i don't think it gets in the way of these stocks. momentum is on their se, nothing at least i see on the near term horizon that will stop that. neil: tim cook of apple, i know he made this commitment now to get individuals more likely kids, teenagers, specifically, he mentioned my teenagers, he didn't, off of these devices
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find ways of doing this i don't know. he is a very sma businessman. he has don a great job running apple. i don't know how hard he will try because you don't want to kill the gif that your company juggernaut. he is saying all theight things, concerned about it, concerned about privacy and all of that. he has to walk a very delicate rope here, doesn't he? >> funny about that. people hear things, it is funny we look at our facebook feed, oh, tim cook defending privacy. apple was one of the very companies that is buying information from facebook. neil:ingo, bingo. >> right. but the thing is you will not stop that train. iphones, mobil devices, anything that provides us with information, you know, i, got a little 11-year-old at home. he is glued to this thing all day long. you can't pull away from that. it doesn't go backward. i think there will be renaissance of people wanting to get more private and stop t
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big hand reaching into their personal lives, big hand being big tech. but that not doing to happen either. when you look at privacy overall, the stuff we post online, everybody is like, that is my personal information. if it issonahen don't are it. if you're sitting in the middle of the room scrut all of your information, putting up pictures of things you and your family dide opening up yourself up to be examined, to be exposed. it is really funny, i don't mean to ramble on, i have got, just when i was coming on here, facebook set a message. jared, set your privacy settings. we believe your personal ex is important, there are things you need to check up on. if you don't want peel to see it, you have option of deleting it. facebook by the message tells me way your information is fe, if you delete it. that is it moving forward. if they already got it, it has been registered.
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neil: somebody else has it as well. holier and mighty call on part of apple to wave their finger at some of these other including facebook, when they are profiting off thee data is a little r it is what it is. >> right. neil: thank you my friend. always good seeing you. >> thanks, neil. neil: we're following the dow as well as he was speaking. even though there are technology he will points within the dow we have pared some of these losses. it might be delayed response to a news that chinese will buy more of our agricultural items. it is something put out there. "wall street journal" reported ont. t an offer. on'tow serious it is. we don't know specifically what agricultur products. we assume soybeans would be coming off their lows, they were most impact on trade war. bottom line, overture, been a battle, become a war. for now it is technology and everything else in separate categories. we'll have more after this.
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♪ neil: all right, we're finding out a little bit more about the death of kate spade, the fashion designer, gone at 55. she killed herself according to local authorities, hanged herself in her park avenue apartment. developing story. we don't know what was going on. whether the business was in some duress. it started out with handbags, better than 140 stores worldwide. grew into retail juggernaut for women that went on to include a host of other p a sort of one-stop she was famous for simple styles of people of all ages. she is dead at 55. authorities are saying she hanged herself in her apartment. we don't know much more than that. we'll keep you posted on it. keep you posted what is happening at corner of wall and broad. we're down about 76 points here. there was concern, charlie brady, narrowing gap between the two-year, 10-year note.
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without getting too arcane. that is a significant development, the gap in yield between those two securities, the narrowest, closest, if you will, evern in 11 years. normally, not all the, normally slow down in inverted recession. shorter term instruments, more than longer term instruments, almost always guarranty recession. it is not that. narrow enough to get people's attention. we're paying attention to it. as we should. the it is only wrinkle, financials dominate the dow. technology stocks going the other way, leading nasdaq to a record as things stand with the likes of amazon and apple and facebook and google alpha belt. you know the drill. they're all up and up appreciably. facebook just turned a little bit here. the fact of the matter they have been leading this parade. they are the dominant sector parade, for the time-being.
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but again, we'll keep an eye on it for you. meantime, keeping an eye on the philadelphia eagles, now not going to the white house. first of all looked like they had a very small crowd going. then it looked like the president of the united states was given that small crowd, given the fact they wanted to reschedule next week when he would be in singapore, trading dates back and f the, heck with it, you're disinvited. charlie gasparino how this is sorting out. >> i'm just tweeting right now, neil, about this. here is the interesting thing about this from myint. this is a business story, okay? you have major sponsors going to, going to be in new york on thursday to meet with roger goodell just as this controversy is heating up once again. they thought they had this thing put aside, done. remember, they had their little deal with the anthem. neil: right. >> now president trump reignites the issue, appeals to his base, by the way, neil, his base is the essentially average nfl
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ewer. white male, little older, working class, tends to served in the military. he is continuing to stoke that. you have this meeting on thursday. what sources are telling me this meeting will be in new york city at the nfl headquarters, it will be between major sponsors like anheuser-busch, visa, roger goodell and his team. essentially what the nfl is, they're bracing for criticism from major sponsors how they handle this. this thing is still going on, still roiling the league. here is problem sponsors have, i'm a little sweaty because i ran to your studio. neil: i do that all a the time. >> your staff move my hit time up. i had to run here. neil: they said you were always at this time. >> no, it was 30. huge, huge, business story here, what nfl sponsors are worried about. visa brand, anheuser-busch, the pepsi brand.
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neil: whatever they did to fix this didn't seem to work, right? >> as one nfl, one person works as a sponsor, trump owns the league on this he owns them. he understands the fan base better than the league. he will keep hammering them, basically to get positive headlines to appeal to his base. neil: was that the issue, the fact that he heard some eagles ere not going to come? >> it is combination of everything. remember, he started talking about anthem -- neil: absolutely. >> he thought the policy, you either stay in the locker room, come outside, you stand, he thought that was a great asure. what did he say? some of the players should leave the country in light of that. remember, he is using this issue politically. it is hurting the nfl brand. the advertisers and sponsors are worrying about the spillover effect, that will hit their brand. this thing, from what i understand, likely to come to a head on thursday, in new york city. i think their headquarters is right over there.
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neil: wow. >> when roger goodell meets with anheuser-busch, visa, all major players. they will talk to him. there will be ceos there as well. neil: thank you very much for running all the way. we appreciate that, buddy. ii want to pass more on kate spade, the fashion designer who apparently committed suicide in her apartment. charles payne, apparently was not going to see a penny of $2.4 billion coach was paying to buy out her company. i don't know what the details were on that. it seems odd to me coach if acquiring a company, kate spade would not see a penny of that. whether that played any role, but this was a while back. so, it does start raising questions as tther the residuals of that sale, which is actually transacted or announced a year ago, played anything to do with this. of course she created a fashion empire that started with handbags and included a host of
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other items and by cashing out, questions as to whether she got any cash at all. she's dead at 55. we'll have more after this. you got a1c, heart, diet, and exercise. slide 'em up or slide 'em down. so let's see. for most of you, it's lower a1c. but only a few of you are thinking about your heart. fact is, even though it helps to manage a1c, type 2 diabetes still increases your risk of a fatal heart attack or stroke. jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit for adults who have type 2 diabetes and heart disease, significantly reducing the risk of dying from a cardiovascular event and lowering a1c, along with diet and exercise. this really changes things. jardiance can cause serious side effects including dehydration. this may cause you to feel dizzy, faint,
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♪ neil: all right. this is a biggie today. eight states across the country have big ol' primaries that could set the stage how november looks for a midterm election that looks interesting. pennsylvania is not at stake today i should add but in california and new jersey alone, up to 12 seats that are in republican hand could easily switch right now and democrats know it and are pouncing on it, particularly in california, the grand daddy of them all, where they have, i don't know if bizarre is the word but say zealously different approach to electing their officials. anyone can vote for anyone. both parties merge together, top two finishers, in each category,
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battle on in the november election, even if they're from the same party. republicans are hoping to counterthe so-called blue wave. hillary vaughn is on the ground with one of them. hey, hillary. reporter: hey, neil. democrats admit cal is critical to winning the majority in november. so they're targeting two open seats left byiring republicans, darrell issa and ed royce. but they're targeting two districts being held by republican incumbents that are trying to hold on to their seats. one of those is with me today, congresswoman mimi walters. congresswoman, the democrats targeted your district because they say clinton won it in 2016. they think they can do it again in 2018. why are they wrong? >> our tax cuts, conservative economic reforms are playing very welln deep blue california. we're seeing republicans turn out. we have almost 50% of the absent tees that have been returned so far are republicans. i am only republican in the
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race. we feel very positive about this election. reporter: one of the attacks of left over your support of the gop tax plan. do you have any regrets supporting this tax plan? >> i have had so many people i my district come up to me, saying thank you, congresswoman. reform.ou for implementing tax i'm getting more money in my paycheck. i've gotten a bonus from my company. my 401(k), the company is increasing matching on 401(k). i'm greatful for your vote on tax reform. reporter: there will be leadership changes past november in the house. do you have your eye on anything past november? >> i'm looking forward to being reelected to congress. i know we'll have a change. i fully support kevin mccarthy to be our speaker. reporter: thank you very much, congresswoman. neil as you mentioned at top this is jungle primary this is free-for-all. there could be two democrats headed to the general or two republicans in some districts. which means the seats could flip tonight and democrats could be
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totally knocked out of the ballot tonight. definitely all eyes on california. democrats admit this is critical to their path to victory in november. neil? neil: just to explain that again, because so many democrats were interested in so many races across the state this, is played out nationally in a state like california where they have the top two finisher rules, it will hurt them, right? they could divide the vote, hand it republicans, that is the fear? >> exactly. i talked to the dccc about this, they openly admit it' a big problem for them. why they're dumping so much cash into these races. already twice as much money has been spent in these primaries. they tell me they're worried that they could be knocked off the ballot. they have actually been actively convincing some much their candidates to remove themselves from the race. also contributing money to some republicans in the race because they are trying to water down the republican vote as well.
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so, something that the dccc had their eye on. they admitted this will be a big challenge for them. so we'll see how it turns out. watering down the vote between the massive field of democrats that have surged and put their names in for some of these seats has been a big problem for them. it could end up hurting them tonight. neil: hillary, we'll watch closely. coverage kicks off 8:00 p.m. or whatever as we follow eight states including california. thank you, hillary. we're following something else. technology continues on its tear. not as much of a tear early on. to level of trillion dollarloser market cap. now a lot depends on wh company continues to roll out at this sort of showoff week whereg developments, technologies, idea they have to get the gadgets out of your hands or your kids hands, certainly you don't use them as much. good luck on both. we have deirdre bolton, susan li
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here to take a look. a level which we would be trillion dollars, deirdre. is $203.45 a share. we're about 10 bucks away from that. it seems like matter of when, not. >> i think that is true. what they released so far, hey, we're the good guys in the privacy concerns, right? so they're allowing via privacy controls users not to be so-called distracted. that was the term they used by apps or can't be distracted using safari, which is apple's browser, can't tracked for ad purposes by facebook or google. this is apple's line in the sand, all these concerns about privacy, we are the good one. neil: weren't they one of the buyers for all this stuff from facebook? >> the sure were. we talked about 60 hardware companies, apple was on the
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list. we got data from facebook, except we stopped last september. they could be considered hypocritical. with that said the stock is up. neil: susan, what is remarkable, they have these speed bumps for technology stocks for developments and they don't last very long. >> i was impressed what they announced yesterday, augmented reality. that is the buzz -- that is hot in silicon valley as they say. customizable emojis, what kid doesn't like that. neil: i find the emoji thing so stupid. >> you do? how do you emote online? neil: i don't. i find it annoying. like, emoji, what is wrong with you? you're an adult. >> you don't like tone detection. neil: it seems so silly. you're quite right. doubt anything you're saying. that is all everyone was talking about. >> that and new ios 12 coming out in the fall as well. a lot of people are talking about the showdown between apple
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and facebook there. is no love lost between these go companies as you mentioned. they're shutting off tracking software on safari. cookies used by facebook and like. app limits, limiting screen time, what app do you think they use as an example? neil: facebook. >> yeah. emoji. instagram of course with facebook in the background. >> gaming, even though apps, tuxedo- yourself into llama in a neil: really? >> we talked about "fortnite." i have kids who are addicted to fortnight. neil: that free game took on life of its own. >> augmented reality has amazing kind of implications where gaming is going. augmented reality even for consumers. we talked about ikea, is this couch looking good into my living room? >> augustmented tape measure. take a picture, tell you how big it is. neil: in the fall or whatever, is this one that will be able to lock your car door, unlock your
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car door? >> find your keys. that is one of the things they announced. you can say, hey, siri, program it to remind you of your coffee and call your grandmother on her birthday just in case. neil: i don't know if howard schultz of starbucks fame setsent out an emoji when he said he was stepping down. a lot of people thought he was greasing the skids for a presidential run. way back with our own maria bartiromo. >> are you going to run for president in 2020, howard. >> no, i'm not. we're sitting at starbucks because of my day job as executive chairman. i as a private citizen very concerned about doing everything i can to elevate the national conversation to things that are not based on ideology but really trying to walk in the shoes of the american people. neil: what do you think? >> i think he is considering it but i think there are a lot of
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people who consider it, who eventually don't do it. as far as his personal story, he grew up in brooklyn in public housing. both of his parents were high school dropouts. he is now worth close to $3 billion and i think what is interesting about him as a potential candidate he obviously is very strong on social issues and quote, unquote, left-leaning issues. but he also sounded the alarm numerous times and publicly about debt. he may eventually be a candidate that has a little something for everyone. i feel like president trump and some other successful candidates in the past borrowed a little from the right and a little from the left. he is not denying it. he changed the subject but is not denying it. neil: you could argue this, billionaire running for ite house, one did and won. >> changed the whole calculus. neil: it has. mark cubans and you know, all these others out there apparently considering i bob iger of disney. it isn't unfathomable to think we could have several business
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guys entertaining a run. >> not out of the realm of possibility. shults is not only candidate or billionaire that has not denied oronfirmed they're running in 2020. we did a board earlier on of some of the famous names. for instance, mark cuban, said he was thinking about it. oprah, remember the golden globe speech a lot of people thought was presidential launch? mark zuckerberg has been crisscrossing the country on so-called campaign style -- neil: he, that is sad emoji for him. >> sad koala. >> that is tongue detection one. neil: if you think of crowded field, with traditional politicians entertaining a run in a divided field any one can win. crowded field from which donald trump emerged, you never know. >> i think it is about the pollg and feedback. michael bloomberg was long rumored to be interested in a run. he did a lot of data and polling, felt like okay, that
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was not going to be -- neil: good enough polling data what he did in new york to emerge as victorious mayoral candidate. it is possible. but never seen it nationally. >> howard schultz actually said i may consider giving more money away via philanthropic activities or may consider civil service. he actually alluded to it. i think it will depend probably what research tells him for viability. i am with you. a lot of polls were wrong about a lot of things. neil: you never know. >> can i note howard wanted to distinguish himself today, when we talk about ceo in higher office, when you talk about a ceo in terms of public office, he has experience running a global enterprise with fiduciary responsibilities to shareholders unlike others who wan a private enterprise. >> he is really worried about debt. he sounded that bell. another veiled shot at president. neil: he fears his party, democratic party is veering.
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>> yelled at democrats, how are we paying for this stuff? why do you keep giving this stuff away? neil: he is still expensive. emoji on that one, screaming emoji. >> high debt. neil: we'll have more after this.
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neil: all right.
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did china blink? probably too early to say that. country is indicating open to buying nearly $70 billion worth of agricultural products. we're told in response tonights threatening tariffs and the like. markets not responded one way or the other. maybe a sign they're not quite aware of this, or they're doubtful about this. let's go to a media president. about this. what is going on here? that is significant development. it is not chump change. obviously markets are detecting maybe not what it seems? >> well, i don't know if the markets are reacting to that. if you take the 70 billion, china says they will buy an additional imports from the united states. what if they put a three in front of that. 372 billion? this. it is a outrage, national economic emergency. the president should declare our trade deficit situation a
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national economic emergency, to impose tariffs that are necessary. we have to get yawning trade fan down. it is a catastrophe for our economy. neil: do you think that maybe we're part of the problem, stuff abroad. more than they like to buy stuff from us? >> no. that is like saying, some athletes love to use steroids or people l tose heroin. the policies we put in place have, incented people to operate this way. they have encouraged consumers, consumption above savings. if we had a reasonable tariff regime. a 15% tariff on imported foods. that would encourage more domestic savings. more investment. of course more buying american which we need. our newly 800 billion-dollar goods trade deficit, is costing us 3 1/2 to four million jobs a year. being, our workers being
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undercut from foreign imports and offshoring of plants owned by americans, has caused a downward wage vortex in this country. at is why middle class incomes not improved. they have stagnated or actually gone down in real terms over past 20 years. that is president trump was elected in large measure. neil: do you think a lot of this could be in services. quite a different stories, where a lot of countries we run surpluses here. the problem in this country, either for some of the reasons you outline, lee, we don't make much stuff now? we're you know a nation of consumers rather than creators? and that is our fault? >> well, that is -- you know what? that doesn't work. first of all, neil, foreign auto companies and many foreign companies build a plethora of products in this country. high-tech products, automobiles, even robots. the japanese robotic company builds robots here in the united states.
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that is a total myth we can't build it in the u.s. the trouble is we have terrible trade deals. we encouraged our trading ners to take advantage of us, basically put their entire country on sale and to exploit our market and yes, we can build policies place but we can not continue to operate this way with $800 billion goods trade you know where that money comes from, neil? we have to borrow it or forgo domestic investment to come up with the 800 billion. that is very bad for our economy. it is terrible for our workers. you know what? pathetic to me crotchety corker, sorry republican in name only are trying to undermined our president's ability to implement. neil: we're cut o a break. point well-taken. more after it.
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neil: all right, it is primary night across the country. this is the biggest political event prior to, of course, the montana one of the races we are focusing on, so are republicans. they think that the democratic senator, jon tester, is in a world of trouble. to adam shapiro right now with what's at stake. hey, adam. >> reporter: hey, neil. and when you bring up senator tester, remember, it was only april 28th when the president was tweeting that jon tester has to go because, remember, he was the opposition who had leaked the information about the president's nominee to head the v.a., ronnie scrappingson, and
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that all -- ronny jackson, and that all went where it went. also because he's a vulnerable democrat, they believe, in a state that voted for the president by almost 21 points. so what's going on here? take a look at some of the voting that took place when polls opened this morning at seven. we're in helena, montana, but throughout the state roughly 700,000 people registered to vote, half of them have asked for absentee ballots, but it is a race against tester with four republicans vying to become the nominee to run for the u.s. senate. 5.7 million has been spent by the republicans. a lot of money pouring into this. and it works out to manager like $8 more every registered voter. now, a lot of that money going to the front-runner, a man by the name of matt rossendale. he is the current auditor, and he's the candidate of those who usually respect aligned with the establishment -- aren't aligned with the establishment.
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but he's gotten the endorsement from ted cruz and from rand paul. the other three candidates who are trying to get this nomination to be the republican candidate to run against tester include a retired judge, that would be russ fagg, a business executive, troy downey, who is a true veteran. he served in the u.s. air force, and then there is a state senator. that will be important here, roughly 10% of the people in montana are veterans, and that's a big part of this. the bottom line, neil be, they are trying to pick theandidate they bel can unseat jon tester, because the republicans believe this state is in play, and jon tester -- the democrat -- is in trouble. back to you. neil: adam, thank you very much. of course, there's been battle back and forth whether you argue a blue wave that democrats still see happening by november and will flip the house their way, in fact, chuck schumer confident the senate are go the same way, or now this red wave that republicans arguing with the pick-up inconomic activity and
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the markets save today, people feeling good about their financial fortune and their kids' jobs prospects, all of that is combining to narrow the gap between the two parties when it comes to who should control capitol hill. to newt gingrich, of course, his latest bestseller, "trump's america," the former speaker. always good to have you, newt, thanks for taking the time. >> good to be with you. and let me just say the senate's proof there's going to be a red wave, because i think they're clearly going to pick up somewhere between two and six senate streets. the republicans are still going to be in charge. pretty hard to see a blue wave if the republicans increase the number of senate seats they hold. i think that's virtually a lock now between new jersey, montana.- well, you just said a lot of different places in play. virtually all of them democrats. neil: when you mentioned new jersey, bob menendez will lose his seat to a republican. but let me get your take on the house side though. do you think republicans can stave off losing 23 seats which
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would flip that body? >> yeah, i think there's a very good chance they'll lose some seats but not come anywhere close to losing 23. the primary california today of john cox, the republican, comes in second and is in the general election, the difference in turnout among republicans in california may be as high as 23%. that by itself changes things. in addition, there are a couple of seats, i think, where tomorrow morning the democrats are going to wake up, and they have no democrat in the race. and those seats will be gone to the republicans. so what looked at one point -- i just talked to john cox a little while ago, he thinks there are actually a couple of democratic seats that republicans may pick up in california because the anger over the gas tax increase, the anger over what's happening to the economy, the cost of living, all those things are changing california back towards republicans. neil: you know, bill clinton is back in the news making some comments about the me too movement and the whole monica
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lewinsky thing, i was thinking of what happened to the wave that brought republicans to power and you to the speakership. democrats still think that's very likely. there's a lot of palpable rage on thend i think the anger that brought republicans to power, they argue, is alive and wel today only on the left. you don't buy that. >> well, first of all, one of the reasons that i wrote "trump's america" is that there are a lot of accomplishments that are changing things. if you look at the last poll, for example, from texas, both the governor and senator cruz are virtually splitting the hispanic vote, both of them getting a significant share of african-american vote. when you have the lowest african-american unemployment rate in history, good things start happening. and they're beginning to be identified with trump and republicans. but in addition be, look at minnesota. they had a convention on saturday. the left wing of the democratic party -- it's hard to say this. most of us thought the democratic party in minnesota was already the left wig. but the left wing of the
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democratic party took over the party at the state convention saturday. you could end up with ellison, for example, running for attorney general. statew no hope of winning and i think you could see a meltdown of the democratic party in minnesota which could cost them, according to my very good friend out there who watches this ahe time, it could cost them as many as three house seats that they're not expecting to lose right now. neil: do you think when the president weighs in as he has to disinviting the philadelphia eagles to come to the white house or some of these other ancillary issues, they get the focus off legitimate issues whether people like donald trump or not are happening under his watch, the economic certainly the market advances. notveryone's cup of tea, i grant you, and people can look at it through a variety of prisms but that kind of distraction, and he's known for doing this a lot, hurts his message. >> yeah. i think it does and, again, part of why i wrote "trump's america" is to pull together in one
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volume the good things that are happening across the board whether it's energy or what have you. i think president trump at times clutters his own message to his own disadvantage. neil: do you think he lies? i mean, a lot of confusion over statements about meetings concerning his son, what was said before, what'sd now, that a trust factor is -- >> look, i think that president trump often just chatters, and i don't think he necessarily stops, thinks it through, puts it together. he has a compulsive style as an entertainer. he's had it his whole life. he loves chatting with people, and i don't think he it through in the sense youhink would expect somebody who came out of a different background. but it made him very successful as a businessman -- neil: no doubt. but that sometimes can be defined as lying though. you don't remember what you said or you say something different, it's not all the time, but it happens enough times where he could be raising serious doubts
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about what he says and the positions he takes, right? >> well, of course he raises doubts about what he says on and som he says gs that clearly contradict what he said earlier. but the difference is i don't think he thinks in terms of trying to keep a clear, disciplined narrative. i think he thinks in terms of this minute, this conversation, this personality. and i think it's something he's done his whole life, and he's not likely to change. neil: no, that's probably right. newt gingrich, good seeing you. thank you very, very much. >> thank you. neil: well, speaking of the president, he is having lunch with his secretary of state mike ahead of the big summit, rebeccah heinrichs, allen west. rebecca, the president has sort of tried the low-key expectations here, others have said it's all but a big meet and greet. the president, in fact, has used that. what do you think of what's going on here and sort of the
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behind the scene stuff going on? >> i think the president understands just the hurdles that are before them and, you know, these meetings have been ongo the lower level -- still at a high level, but lower level, obviously, than the heads of state between north korea and and they haven't even agreed on the terms yet. so president trump understands that, and so i think he's trying to manage expectations a little bit. and something els the media, i keep seeing the media and a lot of analysts say president trump has raised the stakes so high that he's got to have a victory here, but really he's been pretty consistent in hedging and saying this may not work out. neil: no, you're right about that, yeah. >> i think it's the right take. as long as president's willing to walk when he understands the north koreans are not negotiating in earnest, then we still have the leverage and the better hand. neil: you can't help on the left or the right to have high expectations of just this historic powwow, allen. and i'm wondering given the fact that the north koreans have
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moved to, you know, fire top three military advisers and bring in a younger crop more, i guess, subservient crop, is there your sense here that the north koreans certainly want to do something? >> well, without a doubt, neil. the north koreans want to do something, mainly kim jong un wants to do something because a despot and a dictator wants to stay in power. that's his number one goal and objective. so as we continue to put pressure on china and try to create a economic separation between the support china can give north korea, kim jong un finds himself a little bit much on an island. but also i think when you look at this summit that's going to be coming up in shanghai, china, russia will be there, the iranians have been invited, the recent meeting with bashar al assad and kim jong un, i think that you see the other side, this new axis of russia,hina and iran being very nervous about this position that kim jong un is in and the fact that he is is sitting down with president trump.
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neil: you know, it seems to be like a one and done type of event, rebecca, and that could be good or it, certainly, could be a little wanti i m the case one ronald reagan met with gohev, that went on for days in iceland. he we walked away from that when all of a sudden -- he came back months later and they scored a deal. this is just a one-day event technically unl they s it out in singapore. what are your thoughts about the pressure that creates? >> it does create a lot of pressure and, you know, i've been wrong on this before, you know, with what president trump's strategy here. i thought whenever he canceled the summit that it was going to be at least a long pause to get the north koreans back on track, but the north koreans turned and had this other conciliatory letter back to president trump, and then the summit was back on again. so everything is very much in play. it's like watching the sausage being made right now between the two countries. so, you know, what i'd like to see happen, i wish that the
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photo op wouldn't happen right away unless we get something real concrete out of the north koreans, i really wish that the united states would be careful not to give kim any sort of additional propaganda victory that can legitimate legitimize him and his regime. thhe lowest cost that the united states can grant the north koreans and try to demonstrate that we are interested in negotiating in earnest. this is it. but you're right, i mean, this could just be a one-time thing andn lower negotiations continue, the pressure campaign stays on and really we end up with the status quo at the end of the president's first term. neil: guys, thank you. we'll get a better idea, details, plans, who's going to be with and when and how they're going to roll this out in stages, the first meet and greet, of course, then the big event itself, the meeting with the north korean leader. also ahead of that the big primaries today across ate states in the united states. -- eight states in the united
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states. it will sort of set the table here, and democrats are hoping they'll have some strong candidates in place in at least 12, likely 12, potential winnable house districts in two states alone, just california and new jersey. i'm not even including these other states where they conceivably are looking at up to ten other races that can more than do the harm to republicans. republicans are saying ain't gonna happen. we're on it tonight. more after this.
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neil: all right, they're not coming to the white house. the super bowl champ philadelphia eagles in a date that had been arrange rearranged, they tried to arrange it again, didn't look like a lot of players wanted to come, then they were scheduling -- i can't keep up with this. they're noting, t predent disinviting them, and now a lot of people are asking where is this all going. blake burman following it closely along with other developments on top of the football controversy. >> reporter: that sort of fits into it, believe it or not, neil, because this is the timeline we are getting from the white house in which they are painting a picture today that essentially, according to the white house, just the philadelphia eagles just didn't really want to be here for this
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super bowl celebration that was scheduled at 3:00 this afternoon. here's what press secretary sarah sanders said in a lengthy statement. they say 81 eagles players were -- coaches, management, personnel, etc. -- were cleared to come here to the white house for the celebration on this day, but then on friday, the day after, the eagles had reached out and said, hey, we might need to resc thing, how about next week? well, you know what's happening next week because president trump is scheduled to head to singapore for his meeting with kim ng un on tuesday singapore time, monday night locally here. the white house then says they were informed by the eagles t only a number of people would be on hand for the ceremony today. the white house says they tried to rearrange the format, and at that point the president canceled the meeting. and the white house, in their statement, she football, neil, i guess you could say by positioning it this way. they write, and i quote: in other words, the vast majority of the eagles' team decided to
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abandon their fans. president trump very clearly thinks this is a winning issue politically, that being standing for the national anthem. he put out a series of tweets yesterday and today, one of , for example, he wrote, quote: the philadelphia eagles football team was invite to the white house. unfortunately, only a small number of players decided to come, and we canceled the event. staying in the locker room for the playing of our national anthem is as disrespectful to our country as kneeling. sorry. however, not a se player from the philadelphia eagles last year actually knelt during the national anthem. some did raise their fists, but none knelt. wide receiver torrey smith reacted to the president on twitter yesterday by writing, quote: so many lies, shaking my head -- [audio difficulty] no one refused to go simply because trump insists folks stand for the anthem, three, the president continues to spread the false narrative that the players are anti-military. neil, i did reach out to the philadelphia eagles to see if
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they would sort of confirm the timeline that the white house put out there, they would not comment beyond the statement that they put out yesterday. bottom line with all of this, in about an hour and 40 minutes from n will be this celebration of america, as the vice president will be there as well the u.s. army corp.ists, the u.s. marine ban, the philadelphia eagles deciding not to be a part of this like other. theolden state warriors chose not to come to the white house as well. neil? neil: wow. all right, blake, thank you very much. blake burman. all right, so how big an issue is this? did the president overpush it, underpush it? did the eagles overdo it? really overdo it? especially when they wanted to reschedule to something next week knowing full well that the president would be rather busy. let's get the read from doug you eldridge. what do you think, doug? >> hi, neil, it's nice to see you. you know, i think this is culturally significant but not historic. larry bird took a pass in the
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'80s and famously joked if the president wants to see me, he knowre to find me. tom brady has taken a a pass in the past. perhaps what this doubles down on is how emblematic it is in terms of the platforeach influence modern athle have in modern society. thirty years ago jordan was pressured, hey, why d you have a more vocal stance on pressing urban issues? jordan smiled and said, why should i? republicans buy shoes too. now, if you fast forward three decade later to the present day, athletes are absolutely on the opposite end of the spectrum using that very platform to advance the very social issues that impact their communities the most. i would say that, ultimately, what thisomes back to is that athletes have a scope and a reach they've never had before, and they're certainly exercising and using it. neil: i'm just wondering the more successful, the ones who can risk and roll the dice on either kneeling during the national anthem or raising a
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fist or whatever some are considering now to get around these new rules the nfl has or to spite them are ruining it for players who don't have that kind of financial latitude? be what do you think? >> as you and discussed not too long ago, there's a lot of ambiguity in the rule revision as it currently stands. hopefully, there's going to be some subsequent follow-up and detail, because ambiguity leads to opportunity which at least up to this point has led town the path. in -- down the wrong path. one thing that i would point out, in blake's lead-in he read the tweet from torrey. some of the most vocal players to be objective and f and to parse feelings from facts here, some of these players that have been the most vocal have also head are by action and deed not just by word. torrey, e spearheads a nonprofit thatrovides school supplies for underprivileged kids. chris long donated every regular season game check totaling more than $1 million this past
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season, and malcolm, theird meml triumvirate, malcolm led the players' coalition which was ultimately responsible for the nfl commi seven years and $89 million of investment in pressing social issues. so there really is a balance between the feelings and the facts. obviously, the data's in. a huge portion of america, quite frankly, rightly feel that players should show respect during the anthem. but let's not paint with such an overly broad brush that we then go to vilify those players asking with wrong. at least as the way the rule was written up to now, they were exercising their right. as we always joke, and i'metails anxious to see how the nfl tightens the language surrounding what is and is not permissible as it relates to the anthem policy. neil: doug eldridge, thank you. we'll see what they do. they're between a rock and a hard place are, that is for sure. >> certainly. neil: all right, remember roseanne, that show, and when we ventured on this show they could
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do another roseanne without roseanne? is and a lot of people were e-mailing me and saying, neil, that's the mos idiotic thing you've said. well, guess what? i'm right! it's gonna happen,da. from, yihow we earned your trust. until... we lost it. today, we're renewing our commitment to you. fixing what went wrong. and ending product sales goals for branch bankers. so we can focus on your satisfaction. it's a new day at wells fargo. wells fargo. established 1852. our first day. re-established 2018. copd makes it hard to breathe.
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♪ ♪ neil: all right are, contrary to those of you who thought i was crazy when i first posited this after roseanne abruptly was fired from her show, i said the show could go on. it was a ratings juggernaut, could the crew do something akin to what house of cards is doing right now that kevin spacey is gone if they're churning out another season, see how that one goes. carly shimkus on all of that. they're kicking around, apparently, another season without her. don't know what they'll call it, but what are you hearing? >> i think this is, first of all, a risky move by abc if this happens. this iust a report right now, and it's said to be potentially
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focused on sara gilbert who plays daughter darlene. darlene in the spin-off had a son who his character's storyline was he like ared to ess like a girl. they might keep that as well becaust show to be as relevant and progressive as possible. i say this is risky though because -- neil: wasn't its appeal though that it was more politically conservatively bent? >> well, it was both, right? neil: okay. >> because roseanne played the trump supporter, and pretty much everybody else but john goodman -- i think he was kind of conservative -- neil: and the first couple of episodes it was just what it was. >> and i think that was a good movie them. you can only talk politics so much, and you do want to exe band to other thi you know, i could see that the people that liked roseanne playing a trump supporter and the people that think that she was wrongfully treated by abc doing the opposite of watching this show. boycott abc, always hashtags coming in. the show was also successful for
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other reasons. it was about a blue collar family, it was funny -- neil: but you don'tant to it up. >> but was roast and, there's no binding -- roseanne, there's no binding agent to make the show successful. neil: so there are real doubts. how without neil cavuto, do we really want that? neil: thank you. i waited a good four minutes for you to get there. [laughter] there is precedent for this. other shows have tone this, and they're already committed to paying the salaries of these people for a second season. >> yeah. and it's sad that so many people lost their jobs. roseaid on twitter one of the hardest things was to know that the cast, the crew, the writers all lost their jobs because of her. roseanne is called roseanne though. it is a show pretty much about her, and people tune in because they wanted to see how she interacts with the other characters. house of cards, he is a little bit more replaceable. the show has such a history, you know, years and years in the '90s.
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i don't know if this would be successful. they might toss this idea around. we'll see if there's interest, i'm sure they're going to do some test studies and what not about it. it would be interesting to see -- neil: i think it's going to happen. financially it's in their interests and just roll the dice. they have nothing to lose. >> yeah. but more money. neil: well, there is that. let me ask you a little bit about "solo." 9 this is considere diointme because it didn't make the gazillion dollars other "star wars" flicks have. >> yeah. neil: now disney's got to rethink the launching of so many of these, right? >> it cost so much money to make this movie. it was around $450 million in production and marketing costs and now they're saying that it may lose $50-$80 million. it's hard to understand why -- neil: globally. everything? >>eah. "star wars" movies don't typically have much appeal in china which is the second biggest movie market. it didn't do that well here.
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i really can't specifically point a finger on why this movie didn't do well. it had big star appeal -- neil: i can tell you right now. >> why? neil: the saber thing. they're always doing the same thing with the sabers. >> the light saber, you're talking about. neil: it has never changed. >> i didn't know where you were going. neil: you know, they haven't changed that technology. >> i saw the movie last weekend. i thought it was really good. neil: you did? >> yeah. this movie, this specific one. i thought it was good. i am a bigame of thrones fan, but this is why i think it didn't do well, there was just a "star wars" movie that came out six months ago. they didn't wait long enough -- neil: greedy, greedy, greedy. >> yeah, because hard core "star wars" fans -- neil: i hear from them. >> so do i. [laughter] neil: they think it's all real. [laughter] >> yeah. no, they -- >> my producer's one of them, he thinks it's all real. >> he dresses up! yoda?
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neil: i don't even know. >> not print access leia. [laughter] -- princess leia. neil: it's a new world. >> of the oh reason is because i think harrison ford is the only han solo in so many people's eyes. neil: for sure. thank you very much, carh a pulsen everything that's going on in entertainment. i'm telling you, look at the saber thing. a lot people look at that and say, are you kidding me? you're going --ng the same thing again? [laughter] we have a lot more coming up including what's at stake tonight in all these primaries and some news that mitch mechanic -- mitch mcconnell is making about that august recess for a lot of these guys might not be on. after this.
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♪ ♪ neil: all right, iowa is one of eight states having crucial primaries today, connell mcshane is there with the latest. >> reporter: hey, neil.
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primaries for both the governor's race and the house of representatives. we talk all the time about whether the democrats can pull off what they describe as a blue hey can win in the firstctions. district in iowa, or it's probably personal. i'll introduced you to the youngest woman ever elected to the house, i was with her when she vote near her home in dubuque earliered today, and she talked about being the kind of democrat that can win. take a listen. >> i just don't think that there should be a specific, you know, moor what a democrat is in every single one of these districts. i've told people i am not the right candidate for a distribute in california or new york, or but i'm absolutely the right one for this district. and think if democrats actually want to make headway, you better be listening to your district, and it better not be d.c. talking points.
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you just can't take it for granted. >> reporter: joe biden, she'll have to get by a primary field that include a former labor department official to go up against the incumbent republican, rod blum, in the november general election. you talk to people as we have been around this area, they'll tell you particula on the republican side that the improving economy's a big issue. the democrats like to talk a lot about health care, but just about everybody in this state is paying attention to trade. you might remember yesterday we did some reporting from a soybean farm in a different part of iowa. at the time we didn't know that maybe some progress had been made by wilbur ross and company in the trade talks in beijing over the weekend. since then we've learned at fox business that china has offered to buy nearly $70 billion of farm and energy products if the united states holds off on imposing new tariffs. that would be big in the soybean industry, big in the corn industry, both very big in this state, neil. neil: all right. see you tonight with our
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coverage, my friend. thank you very much, connell mcshane, in iowa. california, of course, the other big state where a lot of this is going down. of course, california has this weird eion process unfolding tonight where it goes to the top two finishers in a primary whether they're from the same party or not which could be the case, for example, in gubernatol ballot measure where with we could have two democrats on top, and the president's choice to fill that with a republican being odd man out. let's get the read from the hollywood conservative host, we've also got ben kissell, show, and alexandra smith -- alexander, i'll begin with you. this process has infuriated both parties in california for different reasons. its genesis was to get more moderate candidates acceptable to more voters, but it's turned out not to pan out that way. what happened? >> you're totally right. and, you know, this has really turned into a dumpster fire for the democrats because instead of
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processing more moderate candidates, we're seeing that in these primaries the democrats are cannibalizing each other and are doing so on issues like single-payer and impeachment. and so these are exact hi the kind of issues that the dccc and the dc leadershi near washington does not want to talk about and is does not want their candidates discussing ahead of this all-important midterm election. so after $8 million spent in these three districts in orange county, the democrats are facing nearly a total lockout. neil: well, but so is the republican gubernatorialing candidate, john cox, the one the president was tweeting his support for. and, amanda, i'm looking at that and the likelihood that gavin newsom, the lieutenant governor, and antonio villaraigosa could be the top two finishers, and they would be the ones competing you have a democrat or you have a democrat. >> yeah. this is the unfortunate aspect of the double-edged sword of a jungle primary. we've got some districts that
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are currently held by republicans that will benefit republicans with this jungle primary because they have a slew of democrats, but in the gubernatorial race, you've got a lot of people split on whether they want to go for travis allen or john cox. people are not galvanized, so as a result we t be pushed to third. last i saw, which i think was, excuse me, about an hour and a half ago, let's see, gavin newsom was at 34%, travis are allen and john cox were locked up in a dead heat i think between 16 and 18%. and villaraigosa was at 9%. so those numbers are going to be shifting throughout the day. i'm hopeful. i think we can have a traditional runoff in november, and we can get one of those republicans in there in the second slot. neil: you know, ben kissell, one of the assumptions was that this system, this whole midterm election was going to be about this blue, angry wave as a response to donald trump.
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it might still occur, but it's not as likely, and i'm wonring between the improving economy, the good jobs numbers and maybe nancy pelosi's missteps that democrats are grabbing, you know, defeat from the jaws of victory here. what's happening? >> we have onetion happening, you know, regarding some of the more contested places that the democrats want to flip. eight out of ten of those places did end up, they do end up leaning republican, but seven out of those ten voted for hillary clinton which lets you know that electorate is relatively pragmatic and willing to cross party lines. when it comes to the democratic message, i understand there are some more progressive democrats, moderate democrats, but at the end of the day we have a situation where donald trump, if those tariffs go through, the farming industry is a $45 billion industry in california, that would devastate them. we have of the situation of legalized marijuana that's going to add around $4 billion to their economy. jeff sessions wants the take that away.
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i think there's a lot of strong talking points, and despite the fact they are sort of perhaps too aggressive and too many cooks in the kitchen when it comes to candidates, i think there is still reason to be positive. neil: you could fripp it around an say -- flip it around and say you have more satisfied people. that doesn't necessarily republicans aren't going to take their knocks in the house and hughes some seats, but they might not lose the 23 that would flip the house. what do you think of that, alexandra? >> i think certainly if you look at the closing gap on the generic ballot, i think that's absolutely owed to the positive economic news that we're seeing. because it's independents that are driving those numbers. so in terms of that generic ballot looking at the people who are sort of evaluating the situation nationally and how they feel at home, they're feeling more positive about things. so there's less of a pitchfork mentality, if you will. i think, honestly, the democrats who are galvanized by issues like single payer, you know, they're kind of scaring
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republicans into turning out in some of these places because we palins are thinking if -- republicans are thinking i better get out there and vote. neil: real quickly, amanda, in california and new jersey alone there are 12 vulnerable republican house members. i mean, really vulnerable meers who could flip and go democrat. that's half of what republicans or democrats would need to take control in those two states alone. is that a worry still? >> i don't think so. you know, democrats, like we've said, they need 23 seats. they are hoping and, quite frankly, needing to extract ten from california. to what ben was saying about the orange county counties, he's got dale issa retiring, ed royce and dana rohrabacher, all three seats vulnerable. we've got 14 seats, and those three are going to be swing seats. gop turnout is going to be key. if we don't have one republican in those top two slots, that -- slots, that represses republican vote in november by 33%, so
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we've really got to get somebody in there on that second spot. neil: that was all arnold schwarzenegger's fault. he came up with that. thank you, guys, very, very much. voting ongoing, we're going to being it beginning at 8 p.m. tonight on fox business. in the meantime, apple if you're looking at sort of a flipping stock market, that one is closing inn a trillion dollar market value. it is getting and closer every day. after this.
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neil: all right, always keeping an eye on apple right now that $1 trillion market cap, that would be an unprecedented event and would have to go a little over $203 a share, a little more than $10 from where it is now. but it's a remarkable story for a company that, if you think about it, started out with some oversurprise priced pcs -- overpriced pcs and veered into the ipod, the iphone and all these services. they got a lot of money off on your download apps and the like, pick out music on these services now beginning to dwarf some is of those other categories. it is a remarkable rise for a company that has become a mutual fund, if you will, on the technology/entertainment industry. the man who's written the
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definitive bookn this company, adam lo shin sky. adam, i guest just a matter of when, no longer if as i mentioned with another guest, but how soon do you think? >> oh, these spikes, i mean, it could happen anytime. if the market decides they like apple in the next week, it could happen. neil: right. >> if it did though, neil, i bet it would fall back. when does it go over a trillion and stay over a trillion. neil: for the most part, amazon follows, google-alphabet follows, facebook follows. not all the time but most of the time where those have been drawing investment dollars. and when they get hit, they're not hit long, and they come soaring back. apple a good case for that. what is it with these issues that survive these tests? >> well, each of the companies you mentioned with the exception of netflix is a great cash generating machine.
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amazon, because of its web services division, apple the entire company, facebook, you know, this ridiculously high margin company. so i think that investors get upset for one reason or another whether it's a policy issue or a competitive issue, and then they say, wait a second, what am i going to do that's better than these companies, and they go rushing right back in. neil: your thoughts on tim cook, a very different type leader than steve jobs. obviously, jobs a shrewd guy in his own right, entrusted him to carry the baton and take it to this new company it's emerged to be. but now a company that ironically is saying it wants to sort of de-- i don't know, its biggest names, its biggest draws, the intoxicating effect they have on particularly kids. do you think he means that, that cook wants to find ways to get your kids maybe to just get a lot of everyday users off the
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phones, off the ipads so that they're not on them nearly as much? because that would be self-damaging, wouldn't it? >> well, i think it's sincere for two, sort of in two ns, neil. e, i think cook is the kind of guy who genuinely believes what he's saying, you know? he wants, he wants to leave the worl better place than he found it. and in this he's consistent with steve jobs. it's the sort of counterintuitive thing that jobs would have done just because, you know? it would have been his hippie thing, hey, man, this is good for the word, let's do it. but secondly, apple is notoriously long-term-focused. and they've proved this over and over where they'll work on a product for five or seven years before we've even heard about it and then go crush it with it. and i think this is a long-term investment. they're saying of course we want people to keep buying iphones, but it would really be in long-term interests if we could find a way to cut down on this
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criticism of our product being bad for children. neil: but then again, if you say you're going to do something, that's good enough, right? >> well, no, because there'll be the likes of you and meo criticize them for saying something and not following through on it. no, i think they generally tried to do what they say,nd they have a decent track record, you know, on the environment, for example. they were a little slow to it, and once they said they were going to get right on it, they gotight on it, and they're considered one of the better companies. neil: all right. now i just get a little worried when apple is going to be doing what, i guess, facebook does, and they're going to make that call. somehow i don't think anything fox is going to be include in the mix of offerings they have. i could be wrong. [laughter] but should i be worried? >> no. i mean you may be surprised. i think they are, you know, they're clever business people. are they -- you're implying that the good people of northern
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california are less inclined to choose fox news sties or videos to put in apple news, and that very well may be true. i don't know, i give them the benefit of the doubt to do the clever thing and to have a wide variety of offenses in the human-curated part of their news source. it won't all neil: all right. i mentioned facebook and, of course, coo a zuckerberg have come to blows on a couple of issues about data and sharing that data. ironically, we find out a lot of facebook stuff was shared with apple, and apple did like that. are we getting mixed vibes from apple? >> well, i guess you can blame whoever you like. their defense would be their device was used by facebook to share or the stuff that people didn't want to share. apple would say, well, we didn't originate that. their alternative is to make it so that you can't to any of that, and they're trying to move in that direction. i think they're still on a higher ground on this than
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faceboause they're not primarily in the information-sharing business. neil: okay. >> they're gad maker. neal neil adam, you're areat gadget watcher and chronicler. adam lashinsky in san francisco. >> thank you, neil. neil: we'll have more after this. the dow down 25 minutes. really helped me up my game. i had a coach. math. ooh. so, why don't traders i hhave coaches?ath. who says they don't? coach mcadoo! you know, at td ameritrade, we offer free access to coaches and a full education curriculum- just to help you improve your skills. boom! mad skills. education to take your trading to the next level. . . . over 260 years later, with a little resourcefulness, ingenuity, and grit, we're not only capturing energy
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neil: all eight begin to have future of this primary. the we'll have far better idea later on tonight when we kick things off. u.s. farm and energy products. only if president trump promises to abandon the 50 billion-dollar tariff threat. we are on it. markets are off, this progresses as we go throughout the session. significantly off lows earlier. i'm trish regan. welcome, everyone, to "the intelligence report". ♪

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