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tv   Cavuto Coast to Coast  FOX Business  July 16, 2018 12:00pm-2:00pm EDT

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>> he said i hold both countries responsible. stuart: that's right. not what we were expecting, the press conference started, dow was down five. when it ended it is up five. our time is up. a lot more from neil cavuto. sir, it's yours. neil: this is most incredible thing i ever witnessed. you talk about vladmir putin, i have an idea. comrade we'll exchange information from each side's accused hackers. we'll exchange information, so sort of like, fireman after it cause as fire, say i will help you look into the fire. wow. stuart: it was not forceful presentation from president trump with putin standing right next to him. neil: i don't know. i will give the benefit of doubt to maybe jet lag and time differences but holy -- thank you very much, my friend. as stuart and company just reporting here, we got very confusing read what happened
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down in 2016 what really transpired. where did all of this go? suffice it to say vladmir putin was of the mind-set what interference, what election meddling. the president appeared, the president appeared to take him at face value, it didn't seem to be much there there. of course it was said at a venue where vladmir putin was telling this to the president behind closed doors and explaining what was there. the only hint where president of russia was indicates woe be open to look into this was this notion of exchanging information with essentially each other's agents. i'm over simplifying here but good luck on that front here. could explain why the markets are nonplussed or just dropped jaw awe. let's get read on all of this here. what is important, this dominated discussion with the media. i'm not quite so sure better than 90-minute two-hour discussion these two leaders had. let's run through some major highlights here which will put this in perspective, these two
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leaders wrapping up up is mitt where they exchanged a lot of ideas not just on the 2016 meddling issue. let's go to the highlights as they a. >> but our relationship has never been worse than it is now. however, that changed. as of about four hours ago. i really believe that. nothing would be easier politically than to refuse to meet to refuse to engage, but that would not accomplish anything. >> the cold war is a thing of the past. the era of acute idealogical confrontation of two countries is remote vestige of the past. the situation in the world changed dramatically. today both russia and united states face a whole new set of challenges. >> during today's meeting i addressed directly with president putin the issue of russian interference in our
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elections. i felt this was a message best delivered in person. spent a great deal of time talk about it. and president putin may very well want to address it, and very strongly because he feels very strongly about it. and he has interesting idea. >> translator: going to interfere in internal american affairs election process. neil: all right. so that was vladmir putin's way of denying all of this. what was interesting the president saying a couple of key follow-ups here. i don't see any reason why it would be russia, talking about russia election interference. president going on to say that he found vladmir putin to be extremely strong and powerful in his denial of all of this. was very intrigued by putin's offer to allow u.s. investigators access to russian suspects in the mueller probe, vice versa. that does not necessarily mean
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bringing those russian suspects to this country for questioning, but i think what he is saying is, they are investigators could go there for questioning. i don't know what that would prove or where that would go but blake burman was in the room with this fascinating exchange among these leaders. i can't see, you know, the front of reporters faces because you get backs of their heads but i remember a number of dropped jaws but what did you make of this? reporter: there were some oohs and ahs, i don't know if conveyed on television or not. but i was standing, i don't know, 40 feet from vladmir putin or sitting, rather, when he was asked about russian interference, that is really when he stood up, shoulders back, looked at jeff mason, and my other colleagues dead in the eye and pushed back incredibly hard on the notion. the criticism that is going to
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come from this, neil, is that the president of the united states, donald trump, when he was asked who do you side with, vladmir putin, who says this is nonsense, or the american intelligence community, federal bureau of investigation, central intelligence agency and national security agency who who all sayg russia meddled in the election the president took a pass. what matters was there was no collusion from him or his campaign. what he wants to know about going forward, is not necessarily russian interference but where are the servers, the servers from the dnc and the server from a former aide to one of the top democrats on capitol hill. critics will push back incredibly hard on this, neil. like i said, there was president trump standing 10 feet away from vladmir putin, if not shorter, five feet away, and he did not say, i side with the american intelligence agencies. instead he let kind of vladmir
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putin push back in his own end and the president sees this very clearly through the lens of no collusion, where are the servers? peter strzok is a shameful fbi agent and people of the fbi should be ashamed of him. i remember being on air with you, neil, june 16th, 2016, standing in lobby of trump tower, you came on air, no, no, don't laugh, take this incredibly seriously, what donald trump just said that could make him president of the united states. that was 37 months ago almost to the day. this might have been the biggest inflection point of then candidate trump and president trump since then. the president also saying that he wants to work with russia going forward. there was that one moment, in which vladmir putin presented him with a gift. it is a very clearly, a seminal
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moment, one in which, oh by the way, vladmir putin admitted he wanted donald trump to win the 2016 election that leaves the quote open if russia interfered, if potentially vladmir putin knew, does he want president trump to win the 2020 election and what might that potentially mean for russian meddling on down the line. a lot to ask, still a lot unanswered. i will send it back to you, neil, because two hours might not do it justice from here on out. neil: no, i hear you. great job as always, my friend. blake burman. look, i don't know what your views are on this but the american intelligence community, say whether it is right or left, pretty much unanimous agree that the russians interfered with the election, they seem almost unanimously agree it didn't change the results of that election. road rosanna last week indicate -- rod rosenstein last week, government agents, intelligence workers, swept up
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in and indicted for trying to rig that election or certainly trying to interfere in the election process through the democratic national committee and hillary clinton's campaign. so we know as a given that they were mucking around. it does push the bounds of incredulity to say that they were not involved at all as vladmir putin repeated it. it is quite another for our president to sort of side with vladmir putin on that and accept him, essentially at his word after this meeting. that, again, i don't care whether you're republican or democrat, that is unreal. just unreal. former deputy assistant attorney general tom dupree. tom, this was a moment for the president to say, stand strong on this issue, look, enough's enough. whatever happened, but it better not happen again. then this offer on the part of vladmir putin to say, you know, you can come talk to these guys. this would be like me offering
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dietary advice to people, my volunteering i will help you with the salad. you don't want to go there, tom. i'm just saying, it is crazy. the whole thing is crazy. i don't think it makes this president look good. what do you think? >> neil, what i was hoping to see today and what we didn't see a forceful condemnation of russia's interference -- neil: there was none of that. not even a hint of that. zilch. >> that is what i wanted to see. all well and good for the president to talk about the strzok and server and hillary clinton and all of that. but this wasn't the time and the place this is the time and place for the president to look putin squarely in the eye and said you will be punished for what you did in 2016, don't ever think about doing that again. neil: but he didn't. that made it disgusting. that made his performance disgusting. only way i feel. not a right or left thing to me. it is wrong. u.s. president foreign soil talking to our biggest enemy or adversary or competitor, i don't know how we define them away,
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essentially letting the guy get away with this, not even, offering a mild, a mild criticism. that sets us back a lot. >> i had very similar reaction, neil. my sense is that many people in this country voted for donald trump because they wanted america to project strength and toughness overseas. this was the ideal opportunity for him to take that approach with putin on world's biggest stage. so i was disappointed he didn't see it in that light and that he made comments again, not saying that they are fairly placed or misplaced but they were not the right place to make that line of attack. he should have confronted putin directly, that is what i want to see. neil: i can understand his frustration with this whole thing, what is really sticks in this craw is the notion that he is not legitimate president. he lost popular vote. he won the electoral vote by nefarious means a lot of democrats and critics seemed to get that, no proof of that.
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no indication of that. not a scintilla of evidence, separate that aside he won fairly and squarely, most of his critic was agree. then go back into the notion that the russians were able to crudely, effectively, however you want to describe it, interfere in our election process and stand poised to do so yet again. if you are the leader of america, and you are talking to the leader of the country that did that, it is a golden opportunity for you to say, not again, not again. i don't know what russian is for not on my watch, sparky, or sparkeski, it didn't happen. it is surreal. >> it is. it would have been good to take on president to take on putin, putin talking about a treaty and possibility of exchanging information with the military officers who did this. that is all nonsense. we know putin will not make these people available.
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neil: explain to me now that will go. we will not have the guys extradited over here. what is he offering we go over to talk to them. >> i think that is what he was offering. neil: that is stupid. that is i'm not perry mason but that is beyond idiotic. >> the idea we would send intelligence officers to question these people. putin viewed this as reciprocal. he wanted to ability to question u.s. agents is completely ridiculous. i think what putin was offering is total nonsense. i would love to see the president call him out on that. neil: but he didn't. i am wondering what this means to the investigation going forward. maybe it doesn't. you know, just, more waves here that, we had plenty of waves, but what do you think? >> my sense it will not have direct impact on the investigation. i don't think bob mueller is operating under illusions that russia was going to extradite its military intelligence officials to the united states so they can stand trial. neil: if you're bob mueller,
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looking maybe to get a chat with the president, is that less or more likely now? i don't think it will ever happen, but what do you think? >> i've always been of the camp that will happen. neil: really? >> i think it will happen but under very limited conditions. i don't think the president will give him a huge amount of time. i think they will very cabin about the topics discussed discn the sit-down. my sense that president trump's strong interest to have interaction of mueller just get this behind us so we can move on. if you don't sit down with mueller, you're inviting subpoena, another year of litigation in the federal courts. what all of us want is mueller to wrap this up so country can move on. neil: all right. well the president's moved on. that is very, very clear. all right, thank you, my friend, very much. tom dupree. go to the "washington examiner" commentary editor tim carney, columnist lies peek, market watcher jim lecamp. thank you all for coming. not that the markets moved one
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way or the other with drop jaw confusion, i don't know if the relish, our president, being in the position of nodding his head in agreement and forcefully so. that is what vlad says. that's what is. what do you think? >> well, i think this is a moment where the president was really caught out. i think he should have practiced his response. his aides should have told him he would get this question, because this -- neil: i think was his planned response. i really do. >> i don't know. it seems to me, clearly it will engender a huge amount of rolling of eyes and further confirmation on the left he was working with putin all along, et cetera, but look, i think there are legitimate places where we need to work with russians and we have a lot of common interests. certainly anti-terrorism is one of them. also standing up to china is something where russia is sort of a natural ally. and obviously there is syria. so what does president trump really want?
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he wants to get out of syria. he wants to get syria resolved in humanitarian way. we've seen that be really serious interest of his. vladmir putin could well be the key to that. is he really turning around on global tv to say to putin you're lying, i think we have all the president, you're lying about all that. i didn't expect him to do that. i am surprised everybody expected him to do so. neil: i wouldn't say you're lying, be a little forceful, not accept everything at face value. your thoughts? into i think donald trump embarrassed himself and the country today. he was supposed to be in the strong guy, i would be in iowa, we need a strong leader, none of these washington wusses, he wouldn't talk tough to vladmir putin. we not just the fbi, dan coats, director of national intelligence saying russia meddled in this election. there are ways to be diplomatic and forceful at same time. almost any other president of the united states would have been able to handle that, this
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is not acceptable. if russia does this again we will crack down and we expect you putin, to police your people. there are ways to do it. he didn't do that. he instead spun into his own little software everybody knew he really won the election. he did not show himself to be a strong man today next to vladmir putin. neil: just a couple of examples where he says he finds putin to be extremely strong and powerful in his denial. must be something there. if putin was so strong in the denial, must be the case. the offer to allow u.s. investigators access to russian suspects in the mueller probe, i guess in reverse, vice versa, that was very novel, special ingenius way to respond to some of the charges in this country. i don't know, jim, i take nothing away from what this president has done economically with tax cuts, regulations, but, this is humiliatingly embarrassing and just a joke. just my own view. >> not what ronald reagan would
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have done. ronald reagan said make our enemies fear us more and keep friends closer to us. what we saw is a last week we saw the president go into nato and bark a lot at our nato allies. maybe they deserve it. maybe they do need to pay more. what we're seeing here, seems to be almost capricious arbitrary who with us and who is against us. the president seems to not mind at all a whole lot of people being against us. and trade war is notwithstanding, the trade wars are accelerating. i'm a little surprised market not responding to it more than they are. but at some point you have to wonder what the great plan is. neil: we have to give them a little bit of time. they fainted about ten minutes ago. a lot of them are just waking up. i mean, i'm being facetious, but make a bigger point here. you know, maybe liz you can help me with this, i don't think you get a second chance to make a good first impression at a stage and venue like this. i know two have met before.
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this is different beast here. i just found that vladmir putin appeared to run circles around the president and get him to buy, that is the guy standing next to him, donald trump, hook, line, sinker, every single snakeky lie and misstatement every made on this matter, when we have him so cornered and known, practically photographs. it is still denied. come on. >> i guess i have been more influenced, neil, by his actions since becoming president than by his words, because his words are all over the place. he is not all -- neil: you think he is acting, the president, president trump acting a lot tougher behind the scenes, really no. >> yeah. face it he put the missile defense system back in play in poland after obama took it out. neil: all right. >> he sent military-grade weapons into the ukraine when obama refused to do that. he sent the missiles into strike syria when there was evidence of a chemical weapons attack which
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obviously was something was great affront to the russians at that time. and look, let's face it, go back to nato, what is he haranging angela merkel for? for relying on russian natural gas. why is he doing that? because russia is not reliable. he knows they have used energy -- neil: live, i love you to death, you're a genius, i'm not slapping you here, but tim, that whole german thing with the russians is, to me the height of irony because he is going after the germans making a deal with russia. he is complaining to nato members not paying up enough. when in fact the bill they're encuring is because of all, you know, the venturing about that has been defined by vladmir putin's leadership. they wouldn't incur this large bill if it weren't for his makeky actions. so it just seems to be off the charts weird and hypocritical for this cozy -- while our own european allies we're spending
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more time fighting them than the guy who is poisoning, killing people an doing all this other nasty stuff. he gets a pass and they don't? >> i think that distinction from liz's comments that comes out, this is not a pro-putin administration that we have in the u.s. and i don't even think trump is a pro-russia guy. i think donald trump has undo fondness for vladmir putin that is rooted in the fact that trump really wants to see himself as a strong man and he sees the strength in putin. strength both in ways that you know, maybe some people in russia like but certainly are not democratic liberal values. strength that is connected to putin's assassinating political rivals. neil: go ahead. >> we have administration has been strong but -- >> couldn't be trusted. george w. bush said i looked in his eyes and i trusted the man. next thing you know we got snookered. obama said the same thing. we've been shown time and time again is that putin can't be
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trusted in any way. and so when trump goes over there and appears to kowtow a little bit to putin, certainly doesn't look like the strong, bully type president that we wanted to have, at least against our enemies. neil: i'm going to go with what liz peek is saying. i have great respect for her. i hope she is right about this, in actuality there is method appears to be this madness, where on a global stage with leader of russia the president seemed to passively acknowledge and nod in agreement with everything that vladmir putin said. vladmir putin is not a nice guy. we have a cozier relationship with him than we do the prime minister of canada, just north of us. and at least the advantage with canada is, their maple syrup is delicious. we'll take a break here. we'll have more after this. i will get off my high horse but weird. more after this.
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neil: wall street right now, the dow up about 20 points right here. we have good retail numbers. all of that stuff. that is always thing going for this president. the performance of the economy, markets liking what he is doing on the economy. tax cuts, low regulations. all that to the good. what the president did today, again, stepping way back, not good, not good what happened today but again the markets don't care about that sort of thing. maybe believing this was kind of how they thought it would be scripted out here. not that a summit is going to change anyone's thinking buy or sell ibm. let's get the read of one of the best market watchers i've known, for many decade i've known him. bob doll. bob, do you factor in craziness like on russia and 2016 election stuff whether the president went far enough or went far at all criticizing that or focus on other issues? >> not really, neil.
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it is noise for the markets. this stuff, relationships with important countries in the long run is important, in near term tell me what happens with earnings an economy as you just said. the news is pretty good. neil: all right. so, if relations are good with russia, could you make the argument under, whatever the means that's better than if they're bad, right? >> well, i guess that's right. if relations are good with russia, does that mean they're bad with our european allies? can they be good with everybody? the market will come to terms with that over time. right now we're in the middle of pretty decent second-quarter earnings, as you pointed out due to tax cuts and regulations. there is tailwind there, corporate america is doing okay. so, meetings like today, people pay attention but don't make a whole lot of decisions based on it. neil: so what do you do now? let's leave this out, if we can, i'm still flabbergasted is still
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questioning whether russia was meddling in the 2016 election. i can't get over that. people get over it, and cavuto eat lunch before the show. having said that do you look at the underlying economy as strong. that these retail sales for the month of june are going to confirm we'll get a very strong second quarter gdp report that wins out over everything? >> yeah, buy and large. if we had accelerating inflation and interest rates along with the strong economy, i would have to hedge my bets. if b.e.a.r.r. going to get -- if we're going to get 3 1/2% and three for the back half of the year, that is reasonably good. that would enable a earnings pattern for last couple quarters to continue at least couple quarters more. that will put a floor under the market. may not push the market a lot
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higher, this puts a floor. these are powerful earnings tailwinds, neil. neil: if someone came up to you now, bob a young person, i've been seeing the resilience of the markets through all this. haven't invested in market, i want to come in now in this market as these levels, what would you tell him? >> i would say, as i say almost all the time, nobody can guess the short-term. therefore coming into the market, congratulations, let's get started, do a dollar-cost-average over time. putting $10,000 in, $1000 for the next 10 months that is the right way to enter markets in my view. neil: bob, thank you very much. >> all the best. neil: the deals are out there, bop kind of touched on. charlie gasparino has latest on one getting a good deal of attention, charlie. >> right. last week, neil, it looked like a positive for the sinclair decision to buy the tribune
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networks, making it one of the biggest media powerhouses in the country. we heard from sinclair essentially tacit doj antitrust approval. today the deal is stopped short in its tracks. some people saying it is all but dead. now we have the fcc, federal communications commission opposing deal, has serious concerns the way the deal is structured. whether it violates law. let's back up a little bit. you can have doj approval and fcc disapproval and deal not going through. what we essentially have. fcc saying opposed to it. doj backing off any official announcements our sources are saying approving the deal. we hear if the doj had to decide today it would be a jump ball. for intents and purposes this deal is dead. here is the next step. there will be a hearing. when fcc schedules a hearing amid serious doubts for a deal,
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usually not good news. a lot of these deals die in the black, black hole of an fcc administrative hearing. by buying these tribune stations they would create one of the biggest media powerhouses in the country, dominating local news with conservative commentary as well. they would have penetration into 70% of all u.s. households if this deal went through. it faced massive amounts of opposition from consumer groups, from, left of center good government groups, from some competitors, that they didn't like the day the deal was structured. sinclair was getting around caps in ownership caps how many stations they could own through sort of finagling, any way you put it, fcc put kibosh on this thing until further notice unless sinclair changes the terms of deal. this is a big story. not as big as vladmir putin
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hanging out and breaking preyed with donald trump, but if you follow media and how news is consumed and delivered to consumers. neil: thank you very much, my friend, charlie gasparino. we have a lot more on joint presser with vladmir putin and donald trump and we're getting a lot of email, tweets and all of that stuff back and forth here. i want you to just frame this though in the way it probably should to get our facts right. every u.s. intelligence agency, everyone who is investigated this, every republican i talked to, every democrat, of course you could say politically i talked to, there you could glean a political intent, not so easy with republicans, unequivocally and man and woman, saying russians were trying to screw around with our 2016 election. vladmir putin denies that. our president, who is privy to all of this intelligence and data, accepts that denial. and accepts the fact that vladmir putin had nothing to do with it. no one is saying this interference changed the results of what would have been a
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donald trump victory. he ran against a woman who ran a horrendous campaign and lost in key states that she shouldn't have lost, owing and having nothing to do with the russians or collusion or anything else. there would have been no harm for the president of the united states simply to say don't even think of pulling this again, because i have the proof you pulled it before. you better not pull it now. even ronald reagan, in a joint press conference with, gorbachev, remember that, mikhail gorbachev, talked about in very firm tones how the russians wanted to go one way on this administration's space defense initiative and how he politely but firmly insisted he wanted to go the other. he then gave the ground and the discussion back to gorbachev who was a little taken aback, a little bit stunned. reminded that this president wasn't going to even politely take a lie from the guy next to him. that was then. it is not now. ♪
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>> all i can do is ask the question. my people came to me. dan coats came to me, others said they think it is russia. i have president putin. he said it is not russia. i will say this, i don't see any reason why it would be but i really do want to see the server. neil: all right. so effectively what the president is saying here, i believe this guy next to me, than dan coats, top u.s. official or any intelligence agency or any one of, virtually all the republican senators there is something here. they were trying to screw up the election process in 2016, mr. president. there is something to it. so i don't know. a lot of people were saying there is method to all of this. the president had a public view and different private view. maybe this was his way of publicly trying to show his support for vladmir putin.
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behind closed doors, it was quite the opposite. i don't know about that, that might be a leap of faith. liz peek indicated that earlier on the show. this remind me someone trying to sell is the view the earth is flat. someone has to provide pictures, no, we've actually been in space and darn it if the thing is still around? we have "axios" reporter erica pandy and brad blakeman and connell mcshane. wow, that is all i can say. >> that would be a good one. there is a lot of wows out there. one of the thing thinking when i watched particular sound bite played coming in, whether or not there will be resignations as a result of what we saw. dan coats as director of national intelligence gave a remarkable talk in washington on friday, saying red lights are blinking again. basically making comparison what we're seeing now in the cyber world to what we saw pre9/11 using comments george tenet made when he was cia director. couple days later standing next
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to the russian president, the president of the united states is to ask to choose, are you with your people in the intelligence community or are you with this guy. neil: no, i'm with this guy standing next to me. >> at best he never answered. or at worse he said that it was remarkable, it really was. neil: i don't know, i'm not, people, oh, what about the tax cut and, fine, lovely. i'm just saying, sometimes you know, there is something is bigger than fattening your wallet. i think we're hollowing out our core if we accept this as face value the way to be on this thing. this is a big deal. it happened. it was real. no one saying, mr. president, it made you president. whereas if it didn't happen you would be president. no, no, we just know you as leader of our country should fine this very offensive. >> i think, this will reverberate so much more than we've seen today. all -- neil: not among his base. >> that's true. i have been all around the
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world. neil: they don't care about the world. >> this is big deal. china to deal with on trade. north korea to deal with on nuclear weapons. he just has shown he can be outfoxed in negotiations like this. i'm sure our adversaries are very happy. what surprised me walked bacalling putin adversary. he said in europe, eu, china, russia, are our foes. take aside the eu is our ally. he is walking that back, you're our competitor. which doesn't make economic sense. they're 30th biggest trade partner. they're not competing with the u.s. >> that's true. neil: you will so get audited. kidding. brad, what do you think? >> i think it was huge missed opportunity. i'm a cheerleader for the president. i agree with you. the economy is humming but there is a disconnect between international trump and president, domestic trump. i think he had a opportunity to take it to putin. i was sitting ring side seat, hoping the president was going to nail him.
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we have it hook, line, sinker, chapter and verse, our intelligence services are no match for the russian intelligence services. the reason they would do it is in their interest in screwing where you our elections. the president has a interest in his midterm election and own election, to let him know behind closed doors. i don't know what you did before. i don't have 100% proof. i have a good idea what you did and i got to tell you got to cut it out. neil: that is is what liz peek was say earlier what was going on behind the scenes. >> but it didn't match. neil: i don't buy it. >> people keep saying what president says and what he does -- almost 700 russians between people and companies under u.s. sanctions right now. the president increased sanctions on russia in 2017 when he had a chance to do so. if there is any way to defend the performance we saw overseas, probably would say you have to watch his actions rather than
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his words. to me in observing this, words matter, right? matters what you say. certainly international relations, matters how you handle yourself is. so the president should be graded not only what he does or his administration does, you have to think people like the aforementioned dan coats and others were pushing for additional sanctions, what he says. he is leader and how he handles him seven. neil: this is his toughest issue. he has a tough time, harkens back to him, people questioning his legitimacy as president. i don't think that is fair and right. i though that is out there. he won the election fairly, squarely, all the electoral votes. i think i got 306 of electoral votes. that is exactly what i got. but, so i can understand this sticking in his craw every time the issue comes up. minimize it, don't make it a big deal, but you could still say that. most people are of that opinion this was offensive is but didn't alter the results, he didn't to
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that. >> exactly. connell said the thing he has been tough on russia on some fronts. look in crimea he has gone further than president obama arming ukrainians. he is tough on russia. neil: we have very different views on crimea. i said this will be fairly substantive presser. >> sources inside the white house heard him speak with putin, even on nuclear weapons he said, this is unacceptable. if you want to get into arms race with us, we will win. he has been forceful. when it comes back to the election meddling issue, he sees it lens of himself, people trying to cut down the election victory. that doesn't sit well. >> every single time he is asked about it, every single time ever tweeted about it, always comes back to himself. he never at least to my recollection, correct me it i'm wrong, he has never come out with the russians. first he was doubting they were responsible. he sort of came around to it. every single time it comes up he makes it about himself. when you do that this is the result. neil: what i worry about the context of all of this.
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at a time he has been going after nato allies and g7 guys on trade and other matters, not that there are not legitimate points in a lot of these cases where some have been reluctant to open up their wallet, irony here with the nato stuff, he wants them to beef up their defense commitment to ward after aggressive actions presumably of vladmir putin. yet, he is destroying that. >> absolutely. he had an opportunity to take it to an adversary. if you take it to our friend you certainly have to take it to our friend. you know who had a legitimacy problem, president 43. we were in a worst position than president trump. i remember being senior staffer, the first day, the i'm the president. we won. now we got to deliver for the american people. there was no more talk about recount or legitimacy. that was gone. the president needs to get over it. you are the president. you won, fair and square. you don't have to apologize to anybody. what you got to do, you got to lead and be fair handed with
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all. adversaries enemies and friends. you have to take it to all when necessary. people taking it to us, screwing us. as trump supporter i was seeing there rooting for president to take this guy down a couple pegs. he needed it. more importantly, he deserved it. >> teed up for him. two questions from reuters and associated press were both very fair and very straightforward, the way they were worded. opportunities given to both leaders to answer the questions. especially second one from associated press reporter, literal i, are you with your own people or with this guy standing next to you? halfway through the answer somehow the topic of collusion came up. that was brought up by the president. but the question was never answered. it was a very straightforward question. i thought it was well-asked. >> no one is saying don't confront allies on trade when they played unfair, use the psalm rhetoric. neil: he doesn't.
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praises china's leader. praises russia's leader. humiliates our nato allies. humiliates our g7 partners like canada even with delicious maple syrup, forever soils that relationship. makes you wonder, questioning his own people, again, not those he inherited in the intelligence community, his own people in the community who said this happened, to deny it. it's weird. >> i mean, our allies have said over and over again, that regardless at end of the day we much rather be partners with america and do business with america. you see germany saying, we can't trust the white house completely anymore. that starts to shake these alliances a little bit. >> if president has any logic what he did today, might be what neil brought up, this for lack of a better word, plays with his base, so the base won't get upset about this. think about how dangerous that is in many ways, if that is true, further erodes confidence in basic institutions like our
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own fbi and intelligence community and free press as well. as people report on this, if his base is believing how he is spinning or talking about it, it will further erode confidence in all of those things. neil: to brad's point are a little leery of vladmir putin. >> you would think a lot leery. >> the other thing is, putin and xi are dictators. they see trump passing through. neil: nice. thank you all very much. in case you had any doubt how some prominent republicans feel about this, this terse statement from orrin hatch from utah, retiring utah senator, utah saying russia interfered in the 2016 election. more after this.
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>> we'll be competing. as you know the united states is now or soon will be, right now the largest in the oil and gas world so we'll be selling lng and competing with the pipeline and i think we'll compete successfully although there is a little advantage location alley. i wish them luck. neil: all righty. he was also referring to lng, liquified natural gas, we're firing on all proverbial cylinders.
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we're behind that. seeing a lot of oil prices pegged down a little bit. that is happening of late. this is gyrating phenomenon. nbn's deirdre bolton know it. i look, deirdre, where is this all going especially the remainder of the summer? >> one of the comments that moved oil market, down 3%, under 69 doyle lars a barrel, just last week before the 4 july holiday, how high oil prices were and they hadn't been that high in a few years, but treasury secretary steve mnuchin said something put a lot of pressure on oil prices, while he is not encouraging this idea that perhaps some in the u.s. might get a waiver to buy energy from iran. it is not a done deal. it is this kind of waiver. there is, if there is tons of supply, no need to keep the price where it was. neil: so is that a way to exert pressure on others or not?
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wasn't that long ago he was telling russia, hey, churn some more out. >> exactly. we heard from president trump speaking with saudi arabia also saying, please churn some more out. perhaps a way -- neil: did they do that and follow-up? >> no. i think this has not been confirmed either. i'm not saying that the treasury secretary isn't in control of the situation but hasn't been confirmed by any other sources. neil: i want to bring in our mutual friend, gary kaltbaum, one of the smartest mind on the street. what is driving this? say oil prices continue to move southward now? while that can relief inflationary pressure, they are such dominant themes within the dow and s&p 500. it could have not so positive effect, right? >> well, for me nothing bad happens if oil prices come down. at the gas pump, over one year period, 10 cents equals $10 billion in the consumers pocket not to mention what it does for businesses like airlines and the like. so good to see it happening
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today. looks like that 70 to $72 area is getting tough to get through. reading a lot of articles saying we'll go to $100. when you see that, you're usually getting close to a top. worried about supply disruptions. libya is sending out oil, also. hopefully it continues. neil: deirdre, we were talking about the president and his, talks with vladmir putin and that there might have been a method to all of this to get past the russia thing, the focus on doing business thing. working with syria on getting a peace thing. all this other stuff, that is where the president's goals are to get beyond this. what do you think? >> hard to digest as far as investors go. i mean on very just myopic level, which is, sometimes where i focus, it is a big earnings week. i think that is more what investors are focused on right this second, than any headlines we've seen coming out of
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helsinki. neil: gary, what do you think? >> you know, i watched it also. i can just echo ralph kramden and go, humma, humma i keep hearing about the bigger picture. all i know worldwide he took putin's world over our intelligence and, that from me is really worrisome. the good news is the markets are up on this news, believe it or not. you know, markets are their own engine. even when we put tariffs in place, markets started rallying. who knows, i think lower interest rates and earnings are driving the market forces right now. neil: all right. as ralph kramden would say, you're a real pip, you know that? we'll have more after this. including why is the market doing what it's doing after this i'm a four-year-old ring bearer with a bad habit of swallowing stuff.
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still won't eat my broccoli, though. and if you don't have the right overage, you could be paying for that pricey love band yourself. so get an allstate agent, and be better protected from mayhem. like me. can a ring bearer get a snack around here?
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neil: all right, the president is heading back from the putin summit. you know what? i'm going to go so far to say someone will get fired. i don't know who it is going to be. whatever agreed upon talking points for president to make here, hook, line and sinker, it was a vlad glad day and not so for the president of the united states. again we talked about the environment in that press room there. i wasn't there. my friend, blake burman was in helsinki. fallout from a jaw-dropping performance from the leaders of the two biggest nuclear leaders on the planet. blake. reporter: important to note right off the top here, this is
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not the first time that president trump and vladmir putin talked about election meddling. they have talked about it before at international events on the sidelines. what was different this time around there was a press conference that followed. western journalists that got to ask vladmir putin about this, in this case reporters for reuters and associated press. before the cameras, for the entire world to see, president putin once again strongly denied that russia was involved in any meddling whatsoever. i can tell you, neil, that 30 feet away from him. he stood up, put his shoulders back, leaned in and was as forceful as anyone could be. the president, president putin said that if there was evidence, that there was an election meddling, that it should go before an intersnags court to decide. he put a new stance forward. that is when president trump was asked, mr. president, one of the follow-up questions, who do you side with here, the u.s. intelligence community, cia,
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fbi, nsa, said there is election meddling, or was election electr do you side with vladimir putin? this is part of president trump's response. >> people came to me, dan coats came to me and some others and said they think it is russia. i have president putin. he just said it is not russia. i will say this. i don't see any reason why it would be, but i really do want to see the server. reporter: the president went on to talk about hillary clinton, why she deleted those 33,000 e-mails, went to talk about the dnc servers in question where they are and why the fbi didn't take possession of them immediately and then, the president continued to hedge. listen here. >> have great confidence in my intelligence people, but i will tell you that president putin was extremely strong and powerful in his denial today.
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and what he did was an incredible offer. reporter: one outtake from senator lindsey graham who posted the following on twitter. he called it a missed opportunity. this answer by president trump will be seen a rush as a sign of weakness and creates far more problems than it solved. not the only republican on capitol hill with what the president said today and that doesn't of course include the democrats as well. neil: thank you, my friend. including chuck schumer who has just none of this word. trump's comments alongside putin are thoughtless, dangerous and weak, putting himself over our country. orrin hatch also releasing a statement currently is the headline was rather pithy that they did interfere in the 26 election. something that virtually no one has ever denied. they seem to deny and alter the results here. that wasn't the issue.
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just taking on what the later russia behind all of that in the president didn't. the president touting progress. listen to this. >> nothing would be easier politically then to refuse to engage, but that would not accomplish anything. as president, i cannot make decisions on foreign policy in a futile effort to appease partisan critics for their media are democrats who want to do nothing but resist and obstruct. neil: said they did in that meeting. the u.s. ambassador to the united nations come economic and social council under bush 43 from ambassador terry miller. what you think about how the whole thing went? >> well, i was disappointed. i think there was a missed opportunity on the part of president trump to really make the case publicly against president putin and russian interference in our election
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process. neil: why don't you think he dead? >> well, apparently, he did make that case in the private meeting, but one of the problems with a summit like this when you have a meeting between the two leaders with only interpreters and play, and it's very hard to get an accurate record of what was said or not. it does seem he raised -- our president raised a number of issues appropriately during that meeting. things like iran, things like ukraine. so, these issues were raised in apparent election meddling, too, was raised during that meeting, but we don't know what was said or how strongly it was said. neil: i wonder in this election meddling and must not have been said to strongly with the president accepted at face value the russian president denying it. i wasn't there. you weren't there. another guest was saying the same thing. they made our president look really, really bad.
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i only say that because i don't ignore some of the progress he's making and the economy and markets is fine. i am just saying this particular performance made him look very, very weak and out of step with reality and facts. >> i don't understand why the president turned a question about russian election meddling into a question about hillary clinton. neil: i know, i know. >> there is no need to re-litigate the election of president trump one at this point. certainly no need for the president to bring that up. it is a very different thing. it's an attack on all americans, not just an attack on him or the republican party. neil: this is the same president who had the nerve to criticize germany, making a deal with russia to get natural gas and provide back and forth. a very rich deal.
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this somehow compromise security issues. i would say this performance today with the russian leader took been on steroids. >> well, i don't know how much real damage is done by something like this. neil: you look the other way at the leader of the country was trying to screw around our election, whether they had the desired effect. i don't believe it did. i do believe the intelligence agencies are clearly at his appointees of the president of the united states, not just those he argued have all come to the conclusion virtually every republican senator and talk to that the russians were trying to get involved, did get involved and are ready to get involved yet again. >> well, one would've liked to. i would've liked to have seen a more powerful denunciation of the russians attempt to meddle in our elections. that didn't happen and we have
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to find a way to move forward from here. that is litigated in our courts, clearly and we will have plenty of opportunity to talk about what russia did going forward. neil: well put. ambassador, thank you for the time. >> thank you. neil: the ambassador trying to step back and look at the unique pressures in a situation like this. whether you get out there, but we have learned from john f. kennedy and ronald reagan, there are ways you can get your point across without looking like sour grapes or that you're trying to embarrass the guy next to you even though you might be tweeting the guy next to you. that is not what happened here. "the wall street journal" associate editor in madrid. i get the coconuts as an assignment appeared he oftentimes will be in the far-flung capitals and exotic cities across the globe. john, good to have you. what did she think of this?
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>> the europeans will look at this much the way you've been discussing it, which is they will be perplexed and worried. they were worried going into this that trump might give something away. by sitting down with putin, he essentially gave space to putin. remember the allies, nato, the united states has been busy trying to isolate russia after its encouragement to crimea and into the ukraine. they are concerned that the u.s. is going to pull back from this. and then the language, stupidity and foolishness of america. this is the president's language , sort of criticizing america previous presidents for the relationship with russia that now only he can prove with especially as language will concerned the allies particularly after the last couple days you point out his criticism of germany, criticism of theresa may end of nato. neil: nothing angela merkel did
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in that deal with russia and everything else compares to the possible damage of this sloughing off the russians interfering and our lack for a process. again, that is just my opinion. that is a far bigger concern, a worldwide security concern than anything angela merkel has been doing. >> you might not be able to blame the president for wanting nato members to spend more on their run defense so that they are strong should nato ever be called on for international engagement of some sort. you can make an argument that twisting arms in that regard maybe it's not a bad thing. but the language, the oblique language that he used in the press conference where he did not condemn russia for meddling in u.s. elections, which the intelligence agency has said that they did. that will again play here in
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europe as this particular peculiar relationship president trump has with russia, where he is cozy with them. he seems to want to nullify them and no one can figure out why. even his own party has had a hard line on russia for years. why is this president afraid to criticize putin for what he did, which was to meddle in the u.s. election for which they had indictments now of russian intelligence agents. neil: you know, the offer that the russians had, even talk to these guys. i thought that was a joke when i heard it, but apparently was not a joke. >> we are happy to cooperate with the united states on getting to the bottom of this. that is letting the cat into the henhouse for the last thing the u.s. intelligence agencies would want. they've reached their conclusions were very good
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reason. they are capable of what they do and intelligence agencies have determined that mr. mueller has determined that russian intelligence agents broken to the idea being took e-mails. again, this oblique language during a press conference will concerned european allies, particularly they are concerned more broadly about shaking up the international order. not just the criticism of nato and not just kind of arm twisting theresa may on brexit, but calling the allies a trade so as he did in the cbs interview over the weekend, pulling out of the paris climate agreement from the europeans look at this and say can we trust the americans as a longtime allies we have in the past. neil: the irony will be written here that the nato allies, whether they are cheapskates are slow to raise money for their
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defense, the whole rationale for them being around is in response to the aggressive nature of russia's actions whether it dated back to crimea or other aggressive stance is around the world. the president goldeneye today. he just raised their bill today i think. >> you certainly gave space to the russians. the u.s. does kick in more money for global security, that the u.s. has set these tripwires up. troops in south korea appeared as a tripwire to anybody who wishes to engage in hostilities, you will have to engage with the united states. that seems to have worked at keeping strong photos i'd day for decades now. that is what the europeans say. that doesn't let them off the hook. they need to spend more of their own defense. they can't just count on the united states. but the language being used in context with all the other
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criticism and then this performance with vladimir putin certainly has people on this side of the atlantic concerned. >> my friend, enjoy madrid. hope to talk to you soon. "the wall street journal" associate editor fox news contributor. it otherwise seemed like a tepid wall street day with the dow up 11. our stocks editor always finds the most remarkable things going on beneath the surface. the dow moved just 74 points from a hike to a low and is the narrowest trading range in all of this year since new year's eve to be exact. i'm glad he posited that. it also says the dow has crossed the unchanged level 74 times a day. i want to correct mr. brady. it has been 73. i have no idea. more after this.
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neil: all right, keep your friends close during enemies closer or something like that. the president keeping our perceived enemies closer, but let's get to read on all of this whole russian talk with vladimir putin, former ceo john allison. john, what do you think?
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how did it all go down? >> i think it was ridiculous. it is very discouraging that we seem to have picked a lot of trade fights with people that are our friends in on the other side, superficially at least been accommodated to russia, which we've had many conflicts with this that make sense. free trade raises a standard of living for everybody. that is one of the few things that all economists, serious economists across political spectrum agree taking trade wars for example is a particularly rational activity and at the same time, cozy up to someone we thought is hard some very aggressive action against u.s. allies over the years. it just doesn't integrate together. neil: the president loves this sort of thing. i can't imagine very
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conservative by nature wants to ever see a position where vladimir putin looks good today. he looked good, the president did not. your thought. >> i think that is totally true. it is interesting that camino, president trump has picked so many fights with so many countries that are friends and he seems to be cozying up to putin. i'm also come in the way he handled this issue of the russian impact or effort to influence our election. it seems to be a strong consensus that they did influence the election. neil: no one besides that. i understand because everyone says with a wink and a nod if not for the russian thingy was president hillary clinton. people look into this and say no, you would've run regardless. always comes back to the president just, you know,
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instinctively smashes the whole thing down. there out to get him, just a sham. i understand where he's coming from. when you're presented with your own people telling you what happened, your own intelligence people who you pick telling you what happened with republicans to a man and woman in the senate seen it happen. house republican leaders say that have been. sometimes you have to wake up and realize what you are smelling is in fact the coffee. >> i totally agree with that one. we talked about the ultimate psychological send, which is the activation. some piece of information you know needs to be examined and you refuse to examine it. when you do that, you always make that decision in a lot of businesses have failed for that reason. i think the president would be wise to face the facts. neil: if you say anything critical of the president, never
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traverse and all of that, i'm a globalist, at first i thought they were talking about my waist size. but here is the one thing that worries me. you set the stage now for looking the other way if the russians are just as inclined to do this in this midterm elections to say nothing of 2020 elections. what do you think? >> i think that's absolutely true. we need to face the facts as a society. the president needs to face the facts that i need to try to keep the russians from trying to impact our election. i don't think they really have any impact. but that is beside the point. it's the principle involved. neil: well put. you're one of the more honorable men out there. former ceo, former cato institute president and ceo. thank you, my friend. i think using the pattern emerge from largely conservative
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thinkers, and all types of persuasions. some of whom are big fans of what the president has done for the markets, the economy. it's not monolithic, not a group that goes one way. this never trump way, sometimes it gets too crazy. it is just looking at this fair and balanced and wondering when the leader of russia gives you a soccer ball has a gift, he is just kicked you, mr. president. he has just scored one on you. he has just taken a lot of things that you have done, which have done a great deal of good and wiped out by an embarrassing display, the likes of which he will not be able to come back from anytime soon. this isn't about your base, mr. president. this is about you being base and been hoodwinked and being fooled and been embarrassed on the global stage. a little more after this.
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>> the judge wrote a very thoughtful, very reasoned, very thorough order and we feel really good about going to appeal. no surprise. >> if you're a shareholder, how should you feel about this? it's technically two different countries anyway. this won't disturb the merger as it is. >> the merger is closed. we are about executing right now. this is in the lawyer's hands until they go to appeal. neil: will you take this to the supreme court if that's where it goes? >> of course. we don't anticipate that. granted i was really interesting. this is why i love my buddy, charlie gasparino even though some of you never trump our mean about it. he had no nose there, caught them on the fly and had been easiest interview could imagine. that is what is in his head. good to see you. welcome back. charlie: thanks. i usually hate going to this conference. i got thrown out a couple years
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ago. he's a cockpit and lights. he was there, although we patched things up a little bit. it is very managed -- neil: how did you get him? charlie: we have a story the day before about how doj would appeal and i caught it out of the side of my eye. i was on the phone with brian jones who owns fox business and i sitting on, i've got stuff and then. what happened is brian told me, he did a great job out there, but this is a little bad news. cnbc had an exclusive. as he was finishing his sentence i said i'll call you right back on the various. make your person and producer. let's go. i knew the five questions to ask him. i donate 10 oneness with him. i just need five to lose a stop. neil: that's what you did. charlie: we are way ahead of sinclair. the sec said no to sinclair. the doj was poised to approve
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it. that caused them to reconsider. that deal has a lot of media stuff going on. they create a huge media. neil: not such a done deal. did you get a sense that he thinks this justice appeal could at the very least delay implementation of things he wants to do for many months? charlie: you know, he's not saying, but it is a bankers turned on a synergy. you have to combine new countries. it's hard to combine overlapping get rid of. neil: the court has to agree with that. >> the d.c. circuit court has to listen to that. in the meantime, did you go full steam ahead on the merger comic eliminating any sort of overlap would you keep them truly separate that makes the deal
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less advantageous. you probably have to keep it somewhat separate because of that. i think he is underplaying what this does. the other thing is the d.c. circuit court is stacked with consumers and liberal judges. that may vote in favor of trump. trump is going to rely on obama appointees basically to kill this deal. neil: the solicitor general wasn't keen. >> they would've approved it from day one. they lost on june 12. the solicitor general said no, i don't want to roll the dice on this. it basically stopped the appeal for weeks and weeks and somehow they prevailed over the solicitor general. he signed off and they are going for it. what this does is put a lot of in jeopardy. comcast, much harder for comcast going to disney. it basically means that regulators may not approve that
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deal. remember, the comcast model is what they hate more than anything else. the distribution, lots of content. neil: speaking of comcast, is that nothing else now? charlie: i took about 2% of your portfolio when i said comcast may not bid on all the fox assets anymore. neil: is not 2%. as on .5%. you're not going to build a go now for a couple days. so, looks like they are focusing on sky, instead of the whole enchilada. you caused quite a stir with your comments on president trump and vlad. you know, it doesn't accept that russia interferes. >> you can see them rationalizing it.
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i saw something that if it weren't for russia we couldn't have won world war ii. i mean, really? neil: i think a lot of those conservatives are not fans of vladimir putin, would not be surprised at all if he was behind a lot of the interference. no one necessarily says it would change results. but that it happened than acknowledge that it has and won't happen again. charlie: donald is playing with fire here. no doubt they wanted to change the election in his favor. no doubt that he asked in a he's kissing up to them? he came on and said i want russia -- come on. neil: speaker ryan is among the latest to say yeah, mr. president the russians were involved, quoting here, no question that russia interfered in our election and continues to undermine democracy here and around the world. every prominent republican has
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come to the same conclusion, mr. president. russia interfered. what the were you thinking? after this. i have to tell you something incredible. capital one has partnered with hotels.com to give venture cardholders 10 miles on every dollar they spend at thousands of hotels. all you have to do is pay with this at hotels.com/venture. 10 miles per dollar? that is incredible. brrrrr! i have the chills. because you're so excited? because ice... is cold. and because of all those miles. obviously. what's in your wallet? obviously. touch shows how we really feel. but does psoriasis ever get in the way? embrace the chance of 100% clear skin with taltz. up to 90% of those with moderate to severe psoriasis had a significant improvement of their psoriasis plaques. most people were still clearer after one year. with taltz, 4 out of 10 even achieved completely clear skin.
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learn more about why you should choose an aarp medicare supplement plan. call today for a free guide. >> we discussed this also zero collusion and it has had a negative impact upon the relationship of the two largest nuclear powers in the world. we have 90% of nuclear power between the two countries. it is ridiculous. it is ridiculous what is going on with the probe. neil: okay, so what does this all mean now for the mueller pro going over? the president saying he thinks vladimir putin was not involved in this. vladimir putin inviting folks to go, but one outcome and talk to
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russian entities. criminal defense attorney, where's this going and how does this joint presser signal where we go from here? >> i think this is a non-mitigated disaster. we can all agree this is not a good day in american history. we have some communist dissonance going on in the american public's mind right now. we have robert mueller and his team coming out with this for small indictment of affiliates at the behest of prudent to medal in the 2016 election. neil: specific names and entities, these aren't made of entities. >> was a forensic analysis at a granular level of exactly how they did this. no one is questioning the veracity of what is in that indictment. i would recognize it as a speaking indictment laid out in perfect order just how they did it. on the other hand, president
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trump been played like a fiddle on the national stage and it's reprehensible. he is conflating not to answer these questions about the meddling. he is conflating collusion with the meddling. we are not getting through collusion, but president trump is dodging any question he can about the underlying meddling. it is pathetic really in a disgrace. neil: i had people come on the show. a number of conservatives or otherwise big supporters of the tax cuts, regulatory relief, singing we don't like what we saw today. what i have to wonder is one of them said something to the effect you don't know what was said behind closed doors. that is fine. what was said for the world to see, which carries equal or greater weight was an embarrassment. >> i shudder to think what was said behind closed doors if this is what we got in the public
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sphere. to your point about what this is going to do for the mueller investigation going forward, this will have no impact. he is keeping his nose to the grind stone, moving forward with part 2 of what will be a three-part act. we have a social media campaign on the part of russian to infiltrate and manipulate the social media surrounding the election. now we've heard about the stealth infiltration and dealing of information from the dnc. hillary clinton's campaign and the timing. the timely dissemination of the material to impact 2016 election. just as you said, no one is alleging that had any impact on the election itself. the fact that donald trump can't acknowledge that fact is incredibly troubling really. neil: i am wondering if you're bob mueller and dean what the president said today in how he acted in the face of all of
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this, you are too young to remember the columbo tv series, but i'm scratching my head is beginning to wonder, that is an odd reaction to all of this and i am beginning to wonder why, mr. president, you reacted this way. it could make me a little bit quizzical. what about you? >> it looks like we may be witnessing collusion before our very eyes. this is the reaction of a russian operative. i hate to say it. i'm not being dramatic. you do worry. voeller wasn't expect they'd putin to extradite. absolutely not. this is a name and shame tactic to go out there strongly and say we know what you did. we know how you did it and we are going to get you. let's be clear about it. these guys are going to be tried on american soil. the president when he was interviewed this week inside the thought hadn't really occurred
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to him to demand putin to extradite these defendants. the proposition that putin gave under the mutual litigation assistance treaty, that is preposterous. it is a ridiculous, laughable proposition that robert mueller and his team would come over to russia to do his own investigation while at the same time, putin would send over people to investigate bill browder. it is laughable. absolutely laughable. neil: i've never taken a law class, so i'm not a fraction in your leg on the subject, but that is just alice in wonderland. always good to have you. let's get to read on all of these. the solution funds group chief investment officer. i'd be remiss if i didn't get into this with you a little bit. it is not affecting stocks at
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all and i always hasten to add to those who think i have something out for the president here he's been very good for the market from a very good for the economy, tape up the obama bull market obama bull market in for another steroid. this has nothing to do with any of that. everything to do with something that raises big questions going forward that were reviewed on trade me be on the markets. what do you think? >> i think it's all about growth. look at the yield curve, outright raids and as you mentioned, the stock market really is weak is still overly focused on the headlines. like him are not like him, this says the president has been good for the market. neil: do they ignore this stuff? that should be wrapped. recriminations about the russians, what they did or didn't do and whether they do it again. there were some, but the beauty of these guys are not red or
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blue. they'll be making a lot of money. >> .begets opportunity. we look at stock correlations against one another, during an earnings season. correlations are the lowest they've been in a very long time. what i am saying is you will see groups or industries silicate estimated and not quickly come back. markets are moving up and down together. we are seeing fractures. to me that the correlation has dropped. when something comes out like last week the technology stocks taking the brunt of it. they come right back to where they were. neil: so, you are saved for the market, unless we get more acceleration or questions, is this noise?
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>> yes. it is noise. it is hard to listen to. i have learned over and over again that its noise and underneath it all, all the market cares about is growth prospect of not so we have to look at them stay away from the noise. neil: larry, well put. thank you very much. i think after the close we will get netflix earnings. not so much earnings per with netflix you look at how many subscribers do they get millions more every quarterly report. 5.5 million more subscribers for netflix. that will be the focus. what if it falls short of that? after this. i'm a four-year-old ring bearer with a bad habit of swallowing stuff. still won't eat my broccoli, though. and if you don't have the right overage, you could be paying for that pricey love band yourself.
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neil: all red, netflix catching everyone's eye. you know the drill where they look at that and a lot of other developments, but particularly subscribers. they are looking for better than 5 million additional subscribers and not what kind of be the same going forward. the market watcher and fox business suzanne leigh. suzanne, that is one of those cases where it is beyond earnings or revenue. it is all about people hooking up with you. >> it evidently has peered hooking up with you, that's a good term. looking for 6 million
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subscribers. for the past four quarters, netflix has missed eps target and how many people are paying to stream. for the first time ever, revenue for netflix, that says expansion opportunity and we still have 40 out of 44 analyst meeting by. neil: what if you make of this stock. when you see a phenomenon obviously in the camp of other high-tech names that are similarly gotten a positive response. certainly a volatile ride. >> well, they lately has not been volatile to the downside. it hasn't really been choppy. it's been almost straight line, with from our vantage point as contrarian and value people
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makes us even more skeptical. the bottom line is if you believe the multiples going to keep expanding, you can keep buying the stock. neil: even after 10%, but that craziness doesn't dissuade you. it's the other stuff. >> 10% off the high with 380 times earnings. the multiple is such no one can say it's expensive but it's growing. the multiple is capturing all the growth that meant some for the remainder of a long, long period of time. i'm hoping to list several more decades. you are betting on continued multiple expansion and from a risk reward standpoint, it is so far out of bounds of what we would do, i lack the words to articulate it.
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neil: that's big right there. looking at technology, of course a market leader all about technology stocks, what you hear from folks on not. investors have been patched for getting out on a date for a split. >> look what happened at the beginning of this year when we have the 1000-point decline, selling out of technology and instead, netflix actually bounced from the first-quarter numbers because they save netflix, can they do it again, can they beat the numbers? and they do. a stock like netflix into these technology names because let's say it. it's really been the top five. facebook, amazon, apple and google and microsoft getting all the money. >> a lot of people invested in the nasdaq 100 or technology is an ongoing play, stick with that
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is the theme going forward. what do you tell them? >> well, i think the argument whenever the leading argument for ownership of the stocks for a certain sector, in this case it's its own mini set there. fortified names arguably the leadership space in the market. more and more people are by unit. that is a game of musical chairs. historically it does not end well. i'm not saying cell today. these are incredible companies. from a risk reward standpoint, they are so expensive in price for such perfection. as you said, based on other people by unit to drive the stock price higher. i just think there is such better value available in the market. i'm talking about netflix and some of the other teams do. if i have time, and peered
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netflix is not really in this part of the technology space, but the political pressures that we think are coming around privacy related issues, around monopolies, that is not been fully priced in yet. i think this transition of silicon valley, the way that wall street and big oil have 30 been in decades past. i think that's a big impact long-term on the multiples for the stocks. neil: guys come in thank you both very much. good catching up to do. the dow up 11 points. not a whole lot of movement active force. but the russian leader and by the way he's on his way home from that summit right now. wonder what they are telling him on the plane. it could have gotten better. i don't know.
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i don't know if it's such a blessing. we will be back right after this. . . .
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neil: all right. the president flying back right now from finland. a lot of republicans have been tweeting and emailing to let the president know that the russians were involved in the 2016 election. they didn't alter the outcome, they were involved. for the president to say otherwise was a very big taboo
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there, that he shouldn't have said that it looks like he was saying everything vladmir putin wanted him to say. whether that is true or not, we'll get the read from kentucky senator rand paul, his unique reaction to all that, 4:00 p.m. eastern time on fox news. to trish regan right now. trish. trish: neil, pretty ugly stuff you give a pass to a nation willing to undermine our democracy and stand on stage and let that happen. i don't know what went on there. we'll talk about all of it. neil: good for you. trish: the president is on his way back to the united states after holding the first one-on-one meeting with russian president vladmir putin. i'm trish regan. welcome, everyone, to "the intelligence report." ♪ trish: the president concluding his historic summit with russian president vladmir putin after both leaders held a joint press conference in

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