tv Cavuto Coast to Coast FOX Business August 13, 2018 12:00pm-2:01pm EDT
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remarkable. great news for tv. i think the ratings were up 69% over year. the network saying god bless tiger. the tiger effect is back. that said is, the golf news is over. i said cavuto being anchored by neil cavuto. i was losing track of the names anchoring the show. neil: might i point out, tiger wint didn't win. someone else won. let's calm down here. ashley: depression. neil: do you have miniature golf results? we'll have tiger update ourselves. thank you all for your very love-filled notes and emails. some i can't repeat here, connell mcshane wrote them. one of the fellows i definitely want to thank in my absence, charles payne and david asman. they thought they found a troika to replace me. not so fast, america.
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look what happened in the corner of wall and broad right now. down 100 plus points on concern what ails turkey, ails the world. anyone with exposures to this may be bigger than we thought, maybe 70 companies deep, could be exposed even indirectly to the madness going on halfway across the planet. let's get the read with connell mcshane. chief prudential market strategist, quincy krosby, "wall street journal" editorial board member, crackerjack writer, dan henninger. the idea that exposure to turkey knows no end. even though they have a plan to stablize the markets it hasn't done the trick, what is going on here? >> there is no plain to stablize the markets. the problem lies inside of turkey. mr. erdogan is giving no indication that he will allow
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the turkish central bank to stem the fall of the letter a. we went through the mexican peso crisis in 1994. you're frying to find out where the exposures lie. turkey has 50% of hard debt in its currencies mostly in dollar. we're trying to find out which european banks hold turkish debt and how much exposure do they have? that would be the big question right now. neil: it happens again and again, right? every time we see this sort of thing crop up, we could go back to thailand and the bat crisis. seems like the exposure would be minimal, never deemed minimal or reaction is never deemed minimal. what do you make of isn't. >> you always worry about collateral damage. go one year to 1998. when russia defaulted on its
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ruble-denominated debt. everyone thought i don't have ruble denominated debt. i don't have their "gq"s, but guess what, long-term capital management went under. they had to give super medicine to get liquidity and confidence back in the market. the question is there a hedge fun levered up and got it wrong? the dollar is rising against other currencies. that in off itself with a slow volume and low volume could move markets dramatically. that is the worry. better ask questions now, better be safe than sorry. neil: talking about number of companies exposure to this, those exposed to countries like brazil, china, india, russia, "bric" countries, mike son, citigroup, morgan stanley, on and on, it wasn't about their
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direct exposure to turkey but those with -- did you know about this when you were subbing. >> i didn't want to give it away until you came back. neil: clever. >> always interesting in these crises after we look back on them, we always have them identified and thailand or wherever it melts or collapse of long-term capital management. if hindsight wasn't 2020 we would know about the things before they happened, it is always easier to identify them afterwards. just reading about it, spanish banks i believe had the most exposure, $81 billion lent to turkey in the first quarter, than french banks and italian banks at 18.5 billion. who is the first and fourth down the road exposed to it. conventional wisdom which sometimes is proven wrong can be
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contained. that is turkish problem. that is why in the united states, stocks like amazon sitting -- hitting all-time highs. we'll see. neil: i am curious what you make of this idea that we, we are always reminded about people who can be exposed to something and not know it. if you're investing in a fund or realize that a lot of banks indirectly or directly have exposure to something like this, do you clear out of the fund? do you clear out of investment? or do you just let cooler heads prevail? >> eventually cooler heads will get their arms around the subject like this. neil: not when the president is doubling the ante and the tariffs. >> exactly. president trump imposing sanctions on turkey because he wants pastor brunson released. he raised steel and aluminum tariffs on turkey at at time the
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lira is falling. i would argue the u.s. treasury has to be very careful at this point. you don't want to be sanctioning a country which we do have to have relations, because of a relationship with syria and so forth at a time when their own financial problems are under such pressure. so i think the president is probably playing a little bit with fire here. >> what about the use of tariffs rather than just plain old sanctions this time around which we don't -- >> imposing tariffs on a economy that is collapsing is only going to make the economy collapse more and presumably we do not want the turkish lira to fall and collapse because the contagion effects on people we're trying to identify. conceivably making it worse by imposing these tariffs. neil: quincy, didn't these guys get along, erdogan and president? they were tight buds. what happened? >> weighs in the group the president was he found off. that is the american presence, military presence in turkey.
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that is one where there is a lot of friction regarding whether or not he wants us there. and you know very important geography for us, the middle east and over, towards europe. and you know, this is going back and forth and back and forth. the president is extremely irritated. one other thing, typically in events like this you will hear from the imf, whether you like it or don't like it. a headline will come in. they're working to do something along with the shareholders in the imf. this time around you don't see it because of the night. that is a political position when you represent the u.s. to the imf. neil: what do you mean by that? >> we're a big shareholder. i'm sure right now the president is saying, i don't want the imf, i don't want -- neil: to help out? >> at this point to keep quiet and the u.s. takes a position. >> pressure on them. neil: we're getting word fenn,
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you might have heard this earlier in the forecast, former fbi peter strzok has been fired from the fbi. the president responded to that in a tweet. agent peter strzok was finally fired finally. the list of bad players in the fbi and doj gets longer and longer. that he was in charge of the witch-hunt, will it be dropped, no collusion, no obstruction, i just fight back. i am surprised but it is what it is. >> he was moved to hr for a while. still a member, still an employee of the fbi. i think it was surprising he was left there for this long. to that second part of the president's tweet, i don't think one necessarily related to other. the strzok had not been involved running investigation for some time. this idea bob mueller's investigation will be affected firing by peter strzok seems to me a reach. neil: what does it mean? >> it means that peter strzok, went into trump panic, 2016,
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started exchanging -- this is a high fbi official, crucially central figure. the idea he is exchanging those kinds of emails with lisa page and as the inspector general's report pointed out, wasn't just him, fbi agent number one, fbi agent number 5 and lawyer. neil: those texts got him fired. >> those texts got him fired. neil: that is interesting. a lot of folks text thing backs and forth. they were not in the line of fire. >> such a collapse of professional discipline in the fbi. christopherway, says perhaps -- neil: taking a long time. >> the taking a long time. is this sending the right message. they're doing it quiet internal way. the fbi has real problems with the public and its credibility right now. at some point inspector or director wray will have to make a big statement about the way to behave if you're an fbi agent. neil: quincy, brought a
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republican on to talk about this subject. they say to a man or woman, they would prefer the president not comment on the investigation, however, ill his views are of this whole process because it just festers and boils and they would rather, just wait it out. he is obviously not going to wait it out. he was pushing, as he was last week, this idea that hey, shut this thing down, all but saying that. where do you think this goes, and what effect will it have on the markets? >> i don't think, the market is immune right now. he says it over and over and over again the same language. the market just says, they're not paying attention. you could see the market -- neil: what if the president agreed to testify and talk to mueller, would the market get nervous about that? >> probably not. neil: really? >> i think if he actually said he wanted to do it and the lawyers said we agree, and was prepped, well, that is a good
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sign. neil: that it is wrapping up. >> that it is market positive. i don't think the tweets matter anymore. it is too much as part of the fabric now. tell you exactly what happen will happen, very near all-time highs. >> relate all of this through the prism of the midterm elections, why the president continues to use language overall, rigged witch-hunt and like he keeps going back to. in his mind i assume he thinks it is firing up his base. there are arguments whether he has the base or needs to expand it. in his mind he still sees that as being a legal problem or something that holds him back as being political advantage make people think he out to bet him. >> one point, collusion, story, when does it end, right? we've had this investigation
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gone on since is january of last year. mueller at some point has got to some decision whether he is going to file charges or not. neil: you wonder that we haven't gotten it wrapped up. >> does make me wonder. these things go on, special prosecutors go on forever, take a long time. given the damage this thing has done to the country, to the presidency, to the fbi, i think mueller has got to wrap it up as quickly as possible. neil: you're not in the cynical camp looks at this, get your thoughts real quickly that mueller is on the verge ever something and that is what he is dotting the is and crossing the ts for here? >> it looks that way. he understands it as well. but remember, he has to work as quickly as possible and stop very close to the midterm elections. neil: or they carry over past the elections? >> perhaps. but there will be a gap because you have to do that. neil: guys i want so do that thank you all very much. as the we're speaking president issued another tweet. just fired agent strzok,
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>> there's a lot of very corrupt things that are happening in the white house and i am going to blow the whistle on a lot of this. >> are you concerned at all about any legal consequences for taping in the situation room. >> they should be concerned. >> don't know what is happening in the white house. general john kelly is running this white house and donald trump has no clue what is going on. he is being puppetted. that is very dangerous for this nation. neil: you know, the president has been so irate about whatever omarosa was saying i thought this was her first name. it is not wacky. wacky omarosa has disclosure agreement. you can't waltz into the situation room to tape people. there is agreement you're not supposed to be blasting the place you work. get the read from blake burman from the white house on the back and for the. this doesn't stop. reporter: first two issues, non-disclosure agreement, president tweeted about one
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issue. secondly, back and forth between omarosa and now the president. her book which are pretty explosive claims. you, she essentially claims the president is a misogynist, racist, puppet of john kelly. two are going back and forth. this was the tweets president put out. wacky omarosa, new nickname, got fired three times on "the apprentice." got fired for the last time time never made it, never will. begged me for a be joe people in the white house hated here her. she was vicious and not smart. really bad things, nasty to people. would constantly miss meetings and work. you get the idea. that is issue number two. the number three, this taping of the president of the united states secretly within the white house but also the taping of chief of staff john kelly want situation room. the situation room is known as a scif. that is a sensitive compartment information facility, bottom line a place you do not bring
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recordings in. anyone and everyone within government knows that. not only are you not supposed to bring a recording device in is cell phone for example, but also not to record within the scif. in this case, the white house situation room. to that end, here was the white house deputy press secretary hogan gidley earlier this morning. >> that a staff member, former staff member, would go into the situation room and attempt to record someone else shows a complete disregard for national security. i can't believe someone would even think about doing something like that. then on top of that her character and her integrity have been impuned beyond measure. reporter: neil, omarosa said on "the today show" earlier this morning she has mirroreds, absolutely mirroreds. unsure exactly what to do with them. i bring them up. i was speaking with a national security official who is expert in the field of cybersecurity and this person said to me that if a dedicated nation-state
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essentially wanted to get at those recordings, there is little to nothing that a private citizen in this case, omarosa could do somebody trying to access those recordings. did she give it to a professional service? we don't know. what son the recordings? we don't know. might it compromise the president? if somebody wanted to get ahold of them, appears they very well could. neil: you know that building far better than i. covered for so long. are there alarms or mechanism that would go off to signal someone as active recording feature on a device of some sort to avoid just that? reporter: it's a great question. as far as we know in earlies of it alarms, no. keep in mind there is a cell phone ban in the west wing. i was speaking with a white house official. certain areas you can bring your cell phone. certain areas you can't bring your cell phone. not detailed what those rooms
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are for obvious reasons. they are not going to tell us, as it was posed to me by one former white house official today there are laws on the books for anything, just about everything in this country. some people break them. some people don't. what can you do to stop people from breaking them? that appears to be the case here. you know you're not supposed to bring a phone in a scif, let alone the situation room. omarosa did. how do you stop it going forward, especially in the age of cell phones and recordings? might be something the white house will have to look into, not just for this president, neil, but for presidents down the line as well. neil: because it does keep happening. thank you very much, blake burman at the white house. this is the second major figure in the white house or close confidante of the president taping him when he didn't know it. you remember the president's personal lawyer, michael cohen was taping him left and right of. why does that happen? what does it portend. former romney campaign policy advisor lanhee chen and gop
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fund-raiser, noelle nikpour. what do think of this, i don't want to call it a trend, but the second prominent time we've seen proof the president is recorded unbeknownst to him. in the past we heard presidents like richard nixon and lynn done johnson and john kennedy, regarding unbeknownst to those who were visiting them, but this is a whole switcheroo on that. >> this is very strange. it's a very strange deal, donald trump has people very close to the vest, his own personal attorney that is supposed to be on his side taping the conversation. on the flip side you have omarosa who knew him back in "the apprentice" days, trump gave her start, her claim to fame. she turns around and she has got recordings of him, it is just all really strange. the only thing i will say is, i think as far as this damaging the white house or the administration, or trump in
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general, i think the public, i think that we're so used to things, there has been a big resolving door, scaramucci, sean spicer, there has been a lot of people going in and out of the white house. i think we're all a little immune to hearing people coming and going. so at least that is okay. i think there are other headlines that will be a lot more important in the days to come than omarosa and her unhinged book. i really think a lot of people that are trump supporters, you know that very serious base, they have already written omarosa out. they have written her off. they feel like donald trump has been betrayed. they love donald trump. that is his solid base. i think if she is out, he doesn't like her, he nicknamed her wacky, the base has already written her off. neil: what do you make of it when you see this going on it calls into question the loyalty the president can enjoy from
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former aides, what have you, but a lot were doing this at a time when they supposedly liked the president. i can understand how fortunes change and all of that, you know, fall out of love with someone but, it is weird in that this taping was presumably going on, both in michael cohen's case and omarosa's case, when they presumably said publicly, exposed to the world they liked him? >> it goes in my mind some basic character flaws, whether it is michael cohen or omarosa, them doing this. the omarosa case, neil, is particularly problematic, this notion she clearly took a cell phone into a place where you're not supposed to take one. when you go into the west wing of the white house, you lock up your personal cell phone in a locker they have at the entrance to the west wing. did she do this with a government cell phone? that is another question. that raises other issues as well. so i don't know if speaks so much as to the president people
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here who think it seems to be okay to engage with this kind of behavior with someone who is president of the united states. you have to respect the office. you have to have some respect for the office and building not to do this. this is troubling. i think it speaks more to challenges with these two characters than anybody else. neil: if it is limited to these two characters, right, noell? >> who knows, people. we don't know if other people gone around the administration trump hired, now taping their superiors or taping people around them. it would be a very difficult atmosphere to be in, not knowing who is on where. thinkthis. you don't know if the friend you're eating lunch with, that works for the white house, if they have a recorder in their bag. you don't know what is going on. i think you see a lot of people work for anywhere in the white house, the administration or -- neil: anywhere, lanhee. i was mentioning with my staff earlier today, you know, it is
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open season on recorded conversations now. i think if it weren't already going on, it is exposed that if it can happen at the white house it, could be happening a lot more places. >> true, not very good. >> the tough part of this, certainly the president, is it going to have challenges if there are recordings out there. i really feel bad for general kelly, he is the one in this situation who is caught. it is his responsibility and job. neil: you say caught. i heard that exchange, it didn't sound threatening to me. what did you make of it? >> exchange, i thought general kelly performed exactly the right way. he said the things are act absolutely right. he manages the staff. he is trying to do the best job he can to get rid of a problem staffer in as discrete of a way as he can but he has to deal with these situations over and over again. he is being put in really tough position. frankly his job is crucially important. i am glad to hear he is is staying on a little while
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longer. he is under tremendous amount of pressure. neil: i was waiting for a tony soprano moments, you sleep with the fishes, none of that, there was none of that. guys, thank you very much. meanwhile elon musk defending a certain tweet, people say you want to go private, first of all you might want to hire a lawyer. the tweet that has caused the storm. ♪ you shouldn't be rushed into booking a hotel. with expedia's add-on advantage, booking a flight unlocks discounts on select hotels until the day you leave for your trip. add-on advantage. only when you book with expedia.
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neil: all right. elon musk is saying that he is having meetings with the saudis that preceded this tweet on taking tesla private. it is all a mishmash to a lot of folks who just want to know how you pull that off in the first place? but whether he could be stepping into some legal hot water with some his statements. charlie gasparino following all of that. what is going on here? >> nice to see you back. your office is kind of like a situation room. you know what that means.
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i have tapes on you. neil: i have disguises. i am a master of impression. >> can't disnice insider trading and calls to bookie sal. neil: they know sal? good. fine. >> getting back to the topic. why actually do some work, right? neil: yeah, sure. >> here's the thing. i haven't met a single securities lawyer that thinks, not saying he is going to jail, not saying he did anything wrong, when you speak to people like harvey pitt, former sec chairman, others that do this for a living they think that there is real problems with that tweet, funding secured. neil: what does that mean, when he says, funding secured, i can do this, i can pull this effort? >> or i have people signed on. it is secured. neil: here is where i ask you a series of dumb questions. what is wrong with making that statement. >> if no one signed the document, if people can back out of the funding, if the deal, because they can back out of it, the price is not worth 380 but
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really worth back to where it was, what is it trading now, 350? that's a problem. that takes out -- neil: they have lost money in this venture? >> well he pumped up the stock based on something that is materially false, allegedly. i think that's -- neil: what if he, i understand that, but at face value accept it, say it was the saudi consortium, had the money to give him and told him that. what's illegal? >> if they did, it's yours if you want it, we'll take you private tomorrow, then he might be okay. but we don't -- has anybody heard from the saudis that they're about to write the check now? that they have the documentation? this is -- neil: so what is the rule of thumb with this? you remember when dell went private, how was that handled? it has been a while now. now they're talking about going public again. how was that done? >> that was done through official documents. neil: right. >> and pr newswires.
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it leaks out he was thinking going public or private first. bloomberg broke the story. neil: my memory is that too, in cases where we see public companies want to go private it, always leaks out. what crosses the line potentially? >> it is okay to leak out. remember it leaked out the saudis were taking a 5% stake in tesla. ten minutes later he puts out the tweet the funding is secured. that is different ball of wax. why do we have securities laws? so insiders can't mess around with the stock price and hold one group of investors above the public investors. very basic for securities laws. '' 33, and '34 act. you have to disclose stuff. it has to be reasonably at the same time. they have increased that level of disclosure with reg-fd recently but on top of that, it has to be reasonably true because you don't want to give people, you don't want to manipulate the stock.
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you don't want to give the ceo, the board members to hurt a certain class of investors. neil: aren't your shareholders going to be concerned -- whether you were an early investor in tesla, right? >> right. neil: you would be against a private move, wouldn't you? >> not at 420, if you're an early investor, right? neil: okay. >> it squeezes the shorts. neil: betting the stock goes down. >> guys like jim chanos. here is one other thing people are forgetting in december, if there is convertible, if there is billion dollar convert due in december or, i think maturity date is february but you could start it could start paying off in december. neil: right. >> if the stock is above 360, my understanding is he only has, tesla has to pay additional shares. it converts to additional stock f the stock is below 360, that converts into cash. that means they have to come up with a billion dollars in cash. neil: what's in it for him?
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>> squeezing the shorts. getting the stock price up. neil: i mean, private, is any richer than he would be public? >> he own as lot of stock. if it trades at 420 he makes a lot of money. neil: but you could make the argument the stock was heading in that direct on its own? >> it was coming down. i think the real question is this with musk. a lot of people don't ultimately know where he wants to go with this the securities laws are not designed for us to get in his brain cells. it is not. then you're playing a fool's game. it is about your disclosures and your disclosures are reasonably accurate. if your disclosures on accounting are not reasonably accurate, there are a lot of laws that put ceos in jail, post-enron particularly. if public disclosures, what you say about a stock, this is part of the securities acts of '33 and '34, if those are not reasonably accurate you have a
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problem. it is not in our job to get in his head. we shouldn't have to do that we should look at a tweet which is way of publicly communicating with investors and figure out whether it is reasonably accurate. if it is not reasonably accurate, if the sec does not do something to him there is no reason for a securities & exchange commission, none. this is the basic, the foundation of securities laws is is you have to tell investors reasonably accurate information. obviously if you make a mistake that is one thing. you come out and correct i. neil: the people you talk to, recap, think he stepped on this? >> unless they see funding secured soon, and they're skeptical, okay? because remember, the saudis didn't come out, saudis bought a 5% stake. they didn't come out with a statement we want to go public or take it private. maybe they will, he is fine. maybe they won't. neil: but he does have a big mouth, right? >> listen, i wonder about this guy. we talk about the president's tweets all the time f there was one person that rivals the
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president's aberrant tweets it is this guy. neil: absolutely. >> president can pardon himself theoretically. he can't. neil: you brought you "a" game. >> i heard you mailed it in for connell. >> was so excited, see you. i was up all night. neil: you are awfully -- >> i was up all night. i couldn't sleep. i was telling my wife, neil is tomorrow. do you wish neil was on the other side? neil: that's fine. look at the time. he is the best. multiple best-selling author on all these type of subjects when it wasn't cool to be talking about this, he was talking about it. we joke a lot here. i'm telling you he is the best. we have a lot coming up on turkey and erdogan and remember when he was the president's favorite president? now that is not the case. we're at or near session lows. this market is looking like a
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♪ neil: all right. the president is using trade on turkey, slamming canada over cars. there is a pattern. executive vice president and head of international affairs for the u.s. chamber of commerce joins us now on all of this. certainly with a last name like brilliant, who am i to challenge. you've heard that once or twice. >> i heard it a couple types. neil: i don't get that with cavuto for some reason. myron, let me ask you about this, one conflict after another, i appreciate the president's goals in turkey to get this pastor out of jail, using the trade thing as a wedge how to do it, it played out in a number of other differences and arguments, what do you make of it? >> well, first of all we're concerned because we do have a foreign economic relationship with turkey and we run the
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u.s.-turkish business council. we're concerned about using trade, 232 action to basically deal with a political problem between the two countries and let's have context here. there has been challenges in this relationship stemming back now several years back into the obama administration. so we've got to put this political relationship on the right track. it's too important from a military standpoint, from a geostrategic standpoint and we're concerned clearly from an economic standpoint as well. neil: you know, you look at canada alone, you know far better than i, just the cars assembled in canada, then exported into the united states, run into millions of vehicles. they include those from gm and ford and toyota and honda. then i come to discover that just the sheer number of cars and vehicles could be affected from the chrysler 300 to the dodge grand caravan, ford edge,
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on and on this, could have a huge impact. what do you think? >> the administration said they're investigating autos, not just related to canada but to every major market we're dealing with. think about our dealerships. think about the auto companies. this is huge. we're talking 10 times the importance of steel and aluminum to our economy. think about the jobs tied to it. think about consume that's will be impacted if they go ahead. in part the administration is trying to use this to get a deal on nafta. we're hopeful a deal on nafta can get accomplished in the weeks ahead. there is a lot of work to be done. certainly the administration is working with the mexicans and the canadians. they're using the 232 auto issue to put added leverage. but it is a gun at the head of the canadians. neil: 232 feature is where national security is at risk here. some say that is a bit of a leap. you talk about nafta cobbling
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together an agreement, we're making progress with mexico and than the canadians. what do you make -- >> we need to make progress with both countries. it is about north american competitiveness and mexico and united states working together. it is about shared prosperity. of course it impacts the u.s. market. it is not just about the u.s. market. we have to get canada and mexico working with united states. we have work to do. some of the issues are outstanding between the united states and mexico and canada. we don't agree with the approach of this administration, the approach of the trump administration. we've been very clear. we agree with dealing with unfair trade practices as in the case with china but we don't agree with provisions that would undercut our economy, hurt our workers, raise prices, make unnecessary complex rules of origin, make it difficult for supply chains very complex, whether auto industry or other industries. we have concerns. we hope a deal could get struck. but we'll see.
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we heard this before. neil: myron, always good having you. thank you very much. i appreciate it. >> thank you. neil: you ever wonder how big the new smartphones can get? the galaxy note will be soon in a lot of folks hot little hands. comes at a time when they're saying these things could soon be the size of place mats. the proof after this. ♪
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neil: you know, there is a feature with google maps if you want to turn it off, the function that can allow all your prior directions and turns to just be memory you can, so we thought. hillary vaughn with the details and mapping out some problems for the company. what's going on here? reporter: neil, if you turn off location history in your google settings, a lot of users assume that means google isn't saving your location history but they're wrong. a new report by the associated press reveals that google is still tracking you and storing your movements. privacy advocates say users are getting tricked into thinking the tech giant isn't recording where they go using some of their apps. google is seth the record straight. even if you proactively protected your privacy by opting out of location history, when you open google maps the company
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will still pinpoint your location and store that data, if you're using google's weather app, they will locate where you are, and track that information down. google also tracks your search history, even if you're googling something not related to a particular location, they often pinpoint where you are, then save that information in their database. users and privacy advocates are outraged, arguing that google is misleading consumers making them think their private information is not being collected and stored by letting them turn off location history without making it clear that doesn't keep the location data off the books. a google spokesperson gives me the following statement reacting to this report, saying as the story notes we make sure location history users know that when they disable the product, we can continue to use location to improve the google experience when they do things like perform a google search or use google for driving directions. google says they're being clear and straightforward.
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if users want to keep all their movements private they have to turn off genseting, called web and app activity. if you want to check out what location google has stored on you, and anyone that is using google's android software, 2 billion something users or anyone using an it phone that utilizes google apps or google search is affected by this, neil. a lot of people not realizing google stores their whereabouts, where they go, when they go all along. neil: i don't know if i like that. hillary vaughn, thank you very, very much. surprisingly enough on my search record they notice all the dunkin' donuts. okay. there is a battle brewing right now in the android world for the newest, biggest and most expensive phone we have ever seen. that will likely be the note when it does come into people's hot little hands in less than a week or so and it could at the top end fetch prices up to $1300
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or more. if you had everything to go with it. tech analyst eric shiver joins us right now. that is a lot of money. i thought the thousand dollar threshold would be a big deal. lo and behold the iphone x model that was not the case, but samsung seems to be pushing it with this model but what do you think of it? >> they're pushing it, neil, you're right. it is a lot of money especially for most people. they're trying to appeal at the high-end but the problem is they have not really supplied high-end goods. yes, it has a bigger screen. and yes, it has more memory, and yes, the battery will last all day, but these are not killer innovations this is not something that is going to cause iphone buyers to suddenly clamor for the samsung or other smartphone buyers. so i think they are going to have problems. samsung is has never really
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recovered in a big way from a sales standpoint. the sales have been down since the note 7 debacle on the engineering side. you had phones lighting up all over the place. it will be a future opportunities for them, not this one. i think you will see more innovation but not in this round. neil: eric, i wonder whether they're competing or cannibalizing against themselves? that is eight or nine plus, what have you, all of a sudden they're getting sales for this new bigger device with the fancy camera and better pixels, all that stuff, guys like you follow closely but at a cost to themselves? >> yeah. it is a cost to themselves and it is not the smartest move. i mean, look, they have problems organizationally, neil. their senior leader is
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struggling. the heir apparent is in jail struggling. and so they're not, i think making the best decisions right now. they still are a great company and i wouldn't bet against great innovation in the future and better business moves but this was, this is surprising. and i think it is going to prove to be not the big boost they want on the sales side. and frankly i think, there will be a lot of question marks over their future, but i wouldn't bet against the company long term. just a short term challenge. neil: we shall see. eric, thank you very much for the time here. again that big old puppy, the biggest phone to hit the market will be out soon. people can weigh the odds, do you want something like this or not. you decide. dow down 115 points. more after this. it lets you know when you go too fast... ...and brake too hard. with feedback to help you drive safer.
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neil: all right, the dow down about 127 points. again, stop me if you've heard this before. turkey be in the big problem with the german economics minister on the wider same trade disputes aren't helping matters any. two economists brian wesbury. also god market watcher gary caught on. you know gerry, if history doesn't repeat itself assert they does sound like thailand with the currency and the freefall in the russian ruble fiasco a couple years after that. i always wonder whether it
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justified. is the next exposure fairly limited her and i missing something? >> all we know in the past usually comes and goes. you never know how hard it's going to come and how far it's going to go this is something we've got to watch closely. google the words proposed tariffs. the amount of tariffs that number as well as dollars is pretty darn huge and that is just the proposed. we do not know what the outcome is going to be. just remember all this talk is no big deal, the market is doing fine right now. tariffs usually take a while before there's a good reaction to it. i saw germany's numbers the other day on manufacturing and they were pretty darn low based on the fact that the tariffs that are going on right now. something that has to be watched closely just because markets are reacting doesn't mean they don't react in the future.
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neil: i guess the fear is contagion i understand goldman sachs warning that a number of u.s. companies have exposure. i think it was to those who have exposure to this. so they included the likes of wynn resorts and morgan stanley, citigroup largely because those companies have exposure to brazil and russia and india and china. but isn't it a bit of a leap? >> yeah, i think so. there is no doubt that these tariffs hit specific companies, specific industries and the consumers in those industries as well. when i look at this, i back off and look at the macro economy. if you look at the tariffs, and a pair when you compare them to the size of the corporate tax cut. one of the things that is hurting the rest of the world is the united states the united states has not reduced its corporate tax rates to levels that are competitive.
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we allowed other countries for other years to grow at our expense and now by cutting regulations, cutting taxes, putting pressure with tariffs on them, we are hurting them more than we are being hurt. in the end, what will happen is okay, tariffs around the world will come down and i look at the end result of all of this even though people are fearful today has been a real positive not just for the, but the global economy. sure into what if we overstate the importance of all of this? i guess i'm asking a weird question and i'm not minimizing its importance, but in the scheme of what it will mean to her gdp, sometimes it can be a rounding error. i am wondering what the chinese are saying now by not doing anything in response in some of these other countries just
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think, you know, we can wait us out, too. >> i agree on one thing. we have a $20 trillion economy here. china's pretty darn big and in turkey they are only about 1 trillion. i think you have a darn good point there. but it is also about what is the possibility of next. what i mean by that is we find easy money for a long time. stocks drop markets for a long time, which has helped the economy. if that unravels because of something come you never know what the catalyst can be, do you know why ken starr rolling downhill. that is what i'm always worried about in the affected spent 10 years of easy money. no big air markets out there and i just do not know if this'll be the trigger for something that will be hurtful, harmful to the economy. i keep my fingers crossed that brian is 100% correct and this'll be a be a fly on elephants you know what.
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>> ryan is always 100% correct just a footnote. help me out with this notion that, you know, cooler heads prevail. we apply that to trade infractions of currencies and responding and nasty sort of tone. but it can take a while for those cooler heads to come, right? does that worry that even if it goes the way you say in the interim there's quite a beating to take. >> well, absolutely. there is no doubt when you put a tariff on a specific industry, a specific product, there are consequences for some of those companies. my belief is that the consequences are more damaging for other countries, for china, for example. for germany. if you think about it, we have lower tariffs and higher corporate tax rates for a long time and that lets other countries get away with bad
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economic policies. china is a communist direct control kind of economy and it's gotten away with this because we have allowed it to grow. we are now backing off, cutting corporate tax rates, raising tariffs, putting pressure on them and they look at her worst. that is what leads me to believe that they won't take this to the zenith, that it won't end up being this crazy ping-pong ball of economic reaction in action that leads to some kind of major crisis. at the same time, if you look at the u.s. economy, we are over 3% growth. manufacturing is booming. employment is continuing to grow. unemployment is coming down. wages are going up, earnings are going up in that tells me the u.s. economy is weathering this awareness that's what we want to call it very well.
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neil: guys, thank you both very much. we are down about 153 points on the fact this is going to expand. jon hilsenrath, "wall street journal," global economics editor. obviously turkey is taking all measures to make sure that this doesn't get worse. it doesn't inspire confidence in the guide taken the measures is the son-in-law of the leader of the country. having said that, they are doing everything that would hurt the turkish lira to little success. what is going on? >> they are doing everything now, but a lot of people would argue that it's too little too late and one of the big problems in the market is the central bank, which is controlled by the government, by erdogan hasn't raised interest rates enough to protect the currency. that is part of what's going on. a lot of people would argue that
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they haven't done enough to really stabilize their currency. the other thing i would say just kind of looking forward of where this is going, in my experience looking at currency crises are not so we have is they tend to turn into banking crises. interest rates start to rise on the we see that substantially in turkey. that slows the economy, and puts a lot of pressure on banks. the next chapter of what we see in turkey is what happens to the banks. when did they start collapsing and critically who rescues them? neil:.com and normally the hardheaded approach of the government where they are now seen customers can't open new foreign exchange accounts. you can't even think of trying to exchange or lira for new current day. it's not exactly reinforcing free-market principles. >> no, it certainly is sent. if you look at what happened in
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asia in the late 1990s, malaysia putting controls in the middle of the financial crises that spread over there and a lot of people in the west that it was a terrible move and it would never get investment again. it actually helps launch the collapse, so maybe capital controls helped them to a certain extent. but this authority gotten so far that things look like they are getting out of control for the turkish government. watch the turkish banks the next two to drop here and how did they get rescued when they start failing? neil: who would rescue them? >> that such an important question. the other thing that we tend to see in these crises is the imf has come in and help these countries stabilize their bank. i don't know if the imf has a role in the situation in part because the u.s. is rather than trying to stabilize the situation for turkey is ramping up pressure in the imf has
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answers to the u.s. i began to come in and rescue the banks, i don't know. did they turn to china, russia or did they let their economy sink? it's a really important question. neil: what would happen if this was released tomorrow morning? >> i think that would change a lot. this matters a lot to make president and peered lets not forget, you know, the trump administration did improve imf loans when their currency was seeking a few months ago. they let the pastor go, then the u.s. may be more willing to help out and might in fact reverse some of those tariffs they doubled which would help confidence in turkey. i think this intensifies and i think again you put your finger on something really important. what happens to this pastor. a lot of pressure on turkey to
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let him go to deal with their economic problems. their economic albums will get much, much worse over the last couple months. neil: always good seeing you, my friend. be well. jon hilsenrath. peter strzok as you've heard by now has been fired by the fbi. about time says the president of the united states.
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>> she's certainly violating national security regulations which i didn't have the force of law. i'd have to look at it more carefully. the shoe violating every bit of trust that people should have been someone? donald trump made her. what kind of gratitude is this? neil: he does have a good point of a rethink of the present of the united states about omarosa come you are where you are in the celebrity you are an immediate figure you are because the president by two before he was president and stood by you. ed rollins, didn't stop her from taping and then recording it. do you know if anyone ever did that with ronald reagan? >> we didn't have the technology and those days, the iphone for not tough. my senses a lot of us in the
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nixon era were very cautious about it. neil: did you know at the time the recordings were going on? any embarrassing stuff about you? not that i've ever seen. i'm such a minor player at that point in time. i give them more as the cleanup crew. neil: what you think about this? >> what's amazing about me is the fact that she was never in there. he put her at the highest level of white house in a makeup job. there is no such thing as the public liaison person. but they paid her at the very top level. she makes as much as anybody in the white house or anybody else and had no qualifications to be there. so my senses it was kind of a favor on his part. he liked her for the apprentice, maybe the african-american outreach, what ever it was. at the end of the day this loyalty is what is the key thing. you know, i worked for ford, nixon and raised in nyc sense of
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loyalty that you don't want to do anything to hurt him. reagan was someone every day do you want to make sure you did nothing to hurt him. and he certainly never did anything to you. msn's trump is never going to be mean to her. this is a total betrayal and to a certain extend she thought she was more of a celebrity than she deserved to be and that's part of what's going on. her book is going to be a very short seller. neil: she's had a lot within 15 minutes over the course of her career. i am curious what you make of the fact that this is the second prominent trump confidant to do this. we don't know if others who might have been doing the same thing. what is the protocol? i know it predates smartphones but is apparently very easy to do this. but it's happening a lot. i am just wondering --
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>> someone needs to be a disciplinarian there. certainly we didn't have all the systems we have today. i would say, understand that you are here representing the president and anything you're doing you have to always think about could be on the front page of the "washington post" tomorrow and what would it do to this presidency. so behave. go out there and behave and be careful. you didn't get any votes. only one person has the right to be here and not the president. every single day you ought to be thinking about in the thing that i'm doing is helping this president. neil: if the president bashes the attorney general for perfectly valid reasons and has gone after intense and disparaging things that leaked out about other confidant and members of the white house team, does that foster that type of atmosphere roller --
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[inaudible] >> possibly it does. i can't speak for the president's news. it's been an environment unlike any i've ever seen. the disloyalty here and the mistreatment of people. and so, i should go in and be the white house counsel. she had entitlement with shared and ivanka. even shared an ivanka didn't have the right to be there and in all probability. neil: the difference with the ceo they still have the loyalty because it's a rough, tough, cruel world. if you're not into it come you get out of it. i'm loving with the longer-term effect would be. wouldn't it chase people away for joining matches this administration. any administration.
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>> i think people would be very cautious with the high level of the government. i've had many people say to me, what if i take a job, what are the consequences? will it benefit your career in the short-term because at this point in time there's a lot of danger and the danger is very controversial administration and doing a lot of good stuff. you either come out of it and fitted or not. at the end of the day can you make a contribution. the critical question. neil: peter strzok fired by the fbi appeared would he think about? >> i think he should have been fired long time ago. he was doing things whether it's clinton or anybody else, doing things the fbi agent should not done. neil: always good to see you, my friend. ed rollins, former reagan campaign manager. he didn't even brag about it.
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>> welcome back to costco spirit and not neil cavuto. i'm gerri willis from the floor at the new york stock exchange new york stock exchange. all eyes on netflix says david wells announces that he will step down. this is what's going on. you will stay until a replacement is found and he wants philanthropic causes. as you know bad things for the company, but in this case even though the company had a bad miss on subscriber growth announcements, it does look like this does not cause for bad news. hastings on a valuable partner
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for netflix. you should know that david wells has been with the company since 2004 coming named cfo in 2010. he's been around the company, then that the company by mail service a long, long time. that stock down 12% this quarter and 80% since the beginning of the year. taking a look more broadly on amazon and apple both hitting all-time highs today. google and microsoft down marginally. you'll see the numbers right there. microsoft down a little bit. all three in the green now as you see amazon has hit a new high today. microsoft down just a little bit here. again, david wells believes netflix an undetermined date. back to you. neil: gerri willis on the floor
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of the new york stock exchange. how would you like enough to deal with canada, maybe just mexico. hey, edward. >> welcome back. good to see you. the president now tweeting about how close we are with the deal with mexico. i heard it from the mexican economy. i heard it from a u.s. chief agriculture investigator when he was talking to farmers at a symposium. we are very, very close at the bottom line on this. listen to what white house economic advisers are now saying. >> to do with mexico is very, very close. the team has been working overtime late nights going through what animals i am is characterized as the final details. we don't have a specific announcement, but stay tuned because right now it's closer than it's been since i've been here. i've been here a little bit more than a year. >> the mexican delegation is coming back to d.c. later on this week had one issue not
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addressed last week with a sunset clause could be a selective enough to end in five years. the mexican delegation would see a reassessment of the numbers after five years. companies can make long-term capital investment as well if it's going with mexico, canada is a different story. the president tweeting audi has praise for the new mexican president-elect sadie is a gentleman and canada will have to wait. tariffs and trade barriers are far too high. will tax cards that we can make a deal. canadians again say they have no plans to come to d.c. this week to talk about nafta. once we have a deal with mexico, the deal will be presented to canada to see if they want to sign on. the president in the past as that is fine with a lateral agreements. neil: edward lorenz, thank you my friend. good to see you. the president saying he's okay to boycott harley-davidson over this effort right now to move
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several plants overseas. prosperity chairman dan mitchell on all of this. this is getting nasty. >> it has been nasty, but trump is blaming of it done. harley-davidson has an incentive to increase operations overseas not because they're going to sell motorcycles back to america, but because they want to earn market share abroad. that is something we should applaud. the problem is trump deal in aluminum character make an inexpensive for harley-davidson to build motorcycles in the u.s. time should be looking in the mirror instead of blaming the company. neil: i've heard my friend charles payne talk about the fact that harley-davidson was planning this all along had the company was using the president appeared in characterizing his comments, not quoting them and that this is really not the reason or the rationale for this. would he make of it -- and mark >> i'm obviously not sitting inside the boardroom at
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harley-davidson, that any american company worth it out will try to earn market share abroad. that is something the politicians in washington should be applauding. the more our companies can earn market share and even if the plants are based overseas, that is still good news for americans and for the company and potentially damage them in the long run to the benefit of foreign companies. i don't know. doesn't make sense at all. neil: obviously, the pressures on if you're an american company and you think of switching jobs overseas, you're going to ruin the day. and yet far bigger companies have farmer workers abroad. you know, getting paid at a fraction of what they would get paid in the united states. apple, for example, comes to mind. is it a double standard? >> at the double standard but it shouldn't be. we benefit of the country. we have lots of exports as a
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country because american companies are operating overseas. as to her advantage. we want to get that market share. i give trump credit. he's the regulatory steps, these are things that strengthen american companies come and make them more competitive. he's taking away with his left hand what he did good with the right hand by doing the protectionism. i hope yet for three-dimensional chess game going on and it's all about playing hardball to get other countries to lower their tariffs. i worry that it might be motivated by protectionism. neil: it is the elixir for anything that ails us economically. the president fighting fire with fire. we are slapping some tariffs on you. russia don't respond more favorably to what we see going on around the world. we are going to throw more sanctions on you. but this is an administration that is clearly used the power and the leverage economically to
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extract confession. where do you see that going? >> if you do a very judiciously, maybe you get some good results. here is a warning sign. the united dates benefits enormously by being the world reserve currency. the more we make at some other countries don't trust us because they think we might go after them, the more we risk other countries saying we need to use the euro or some other country. when that happens, all of a sudden we have to pay higher interest rates to finance our government that. it'll be very, very bad news if we got a little bit too much like the 800-pound gorilla and caused other countries to decide to not use the dollar anymore. that's the risk of going down that path. neil: the president feels it's well worth the risk. would you think? >> again, it just depends on how smart we do it. yes, we can pick on turkey.
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the government there has done some silly things and there's no question they should release the pastor they have in prison. if we start doing that with major economies around the world in other countries decide what's not use the dollar to sell oil and conduct trade and have bank reserves, is just like trumps tariffs. these things can backfire against american companies and the extraterritorial application of sanctions and things like that can backfire against the united dates government itself. i just hope that there is some caution in some second-level thinking in the white house so that we don't wind up with this thing exploding in her hands. neil: always good seeing you. thank you very much. i'm a big proponent of space getting back there. but the world is my oyster all of a sudden. it's one thing to say we've got
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neil: alright, time for one of my favorite guest on the show. former deputy national security adviser to vice president dick cheney. all of us anytime we are learning they are conducted missile tests. i'm not talking about north korea. i'm talking about if and in effect they are doing their own rattling. in case you think this is unnerving the markets, forget about our doubt which is focused on developments in turkey. look at oil. is there concern that the strata for moses suddenly going to be ground zero showdown. they have a funny way of showing it. why is that? what's going on? >> the markets in a lot of theaters around the world have learned you have to resist the
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impulse to react to short-term tax rates and keep their eye on the long-term trends and results. they see a president who has rebalanced a lot of relationships around the world, trade and security. a country like iran played on the defense at home and in the region, economically and politically. they are going to flesh out and test us, but markets and others are overreacting to the short-term. broadly speaking a region that is more stable and predict bull. neil: we are the only ones who walked away from this deal. all the others, england, france, germany, they are sticking with it. what can happen? >> well, there is always the risk that iran could overreact to big sanctions that come into force like november. they wanted oil and other industries a bit more than the ones today. a lot of these governments have their economic and political
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interests here they've invested in trade with iran much more than the united states ever has been. policy wise, they favor implementing the iran deal and snapback sanctions, the day see president trump is being resolute. he will likely grayness at something he campaigned cleanly on as much as fair trade he campaigned on the ev'ry and deal as the worst deal ever. i don't expect them to back off for his reelection at the very least. i think they are playing both sides to a degree. if you are advocating economic interests of the president likely to hold firm in a region that's kind of adjusted. neil: i've seen on the break that whatever you think of the president, the markets largely on turkey notwithstanding to give them the benefit of the doubt all seems to work out.
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i think that characterizes the response. what do you think? >> i agree. that is basically from experience. we had a tremendous run which you and the viewers know better than i. in terms of the market in the tenure in this president. we've gone through a few cycles for chicken little has said the sky is falling you can't do this. this is going to break our alliance or planet. neil: in your capacity as national security advisor, does this risk whether we get it tears that extract confessions and those who take advantage of it or even when it comes to iran and north korea, does it do some damage? >> occurred, but in general we are basically using tools in our toolbox for a long time. previous presidents and administrations have held back on using them as strongly as this president has. he's taking some risks. though we've had some issues that needed fraud recalibration.
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the relationship with iran, north korea and china are three big ones. he set his sights on the voters generally support m4. neil: are you surprised the midterms look as tight as they could be in the president's numbers up to your point that this booming economy and booming markets again, recent is notwithstanding that is not doing better. >> owes the state party chairman through the cycle and i've grown to visibly feel how polling can be inaccurate. neil: so you don't buy it? >> i don't. people i talked to at the grassroots don't dare say publicly sometimes. the family can have good dinner together. when it turns out to vote him in the direction the president is doing is something a lot of voters feel good about. i think that will filter into the midterms in a way that made right as historical models. neil: we relate to our wallet. former deputy national security adviser to vice president dick
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cheney. so much more. also following over drivers who want to take you on a long ride. not the right you thought going home, but a much longer ride. why? after this. i take trulicity once a week to activate my body to release its own insulin, like it's supposed to. trulicity is not insulin. it works 24/7. it comes in an easy-to-use pen. and i may even lose a little weight. trulicity is an injection to improve blood sugar in adults with type 2 diabetes when used with diet and exercise. don't use it as the first medicine to treat diabetes, or if you have type 1 diabetes or diabetic ketoacidosis. don't take trulicity if you or your family have medullary thyroid cancer, you're allergic to trulicity, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have symptoms of a serious allergic reaction,
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pickup truck in new york city is happening right now. fox news.com jerry gastineau on what is happening here. what is going on? >> last year the big five truck big five truck makers sold to .5 million pickups around the country. the one thing they had in common is it to take them all to the gas station. it is a commercial truckmaker from ohio. we are also working on an electric version with 200 miles. they haven't done this. >> i think it is a classic case of the comments might not bring the innovation. pickup trucks sell pretty well mistake. we pulled our customers. there's a huge desire. so when you have desire and it's not meant, you build it.
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>> 6000 orders so far. 52,000 to go into production next year. you're publicly traded company. martin says her by $50 million company right now. it costs hundreds of millions of dollars to develop a new product. how are you going to build a pull that off? >> well, we think the market might be this value it in us a little bit. we have to make this differently than a billion dollars it generally takes. so this is all carbon fire. even the rails underneath it. you just make it differently than a conventional vehicle. >> how about this. also working on a hybrid of $2000 off the ground in about two or three years. neil: amazing. thank you very, very much. editor in new york city. "the wall street journal" is reporting that some bluebird drivers are taking the are taking a long way home and is beginning to pay the price.
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what is going on here? >> i feel like i can start with a pond and so you're getting taken for a ride but it seems to be this is according to "the wall street journal." over drivers are taking it is that cabs you have to pay that longer route with uber, the company pays because you have an estimated amount up front right when you get into the uber, which is by eating the app. the drivers are purposely doing this because afterward they are paid based of miles they are driven and wait time. uber and must pay their employees or take a 25% cut of the total amount and the rest of the money is given to the drivers. there has been a lot of tension between these drivers and the larger companies. because some of these employees
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or drivers want to be considered employees. they are not at the moment. they are considered contract yours. you have high driver turnover because they are constantly switching over from lyft in new york city and then you have uber. the fact that some cities are actually decreasing the amount that they are getting per hour which is why new york city recently last week put in a place that they want over drivers and lyft drivers to be paid minimum wage. this is still a contentious issue between both the drivers and uber. uber says this practice is only engaged with less than 1% of drivers. they say it's not a big issue. nonetheless, a billion dollars in the go public in mid-2019. neil. neil: kristina partsinevelos coming thank you very much. how would you like to know what is going on on the sun? so close to the almost landed on the sun. in seven years that is going to
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be within a little over a million miles of the center of our solar system. try to find out some stuff. former astronaut tom jones. what is this going to do? >> it's a solar probe and the job is to get closer than any spacecraft has been to the sun and try to unlock the secret of how the upper atmosphere, the corona come in the part you can see during the solar eclipse is 2 million degrees hot and we don't know how the sun service at 11,000 degrees can hit something about it or should eat getting cooler to a much higher temperature and it forms the solar wind which streams by the earth and actually interacts with her global geomagnetic field. we get over a 10 power outages and a crippling zoeller's dorm from the heating mechanism making its way up a layout to earth here it is important to understand physics that we can predict these in the future. neil: i know when it gets there the point at which it is
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traveling -- which is like going from tokyo to new york in just a couple of seconds. have we ever done anything like this? >> in terms of spacecraft speed and the technology to reduce the sun, this is a new high for nasa. they put together a spacecraft package that can not only survive a seven year times that gets close to the sun, but it's also put together technologies that have never been tried out before. it is a real challenge to keep the instruments of the communications relay school while the front side is that 2500 degrees. neil: that is amazing. while you're here, the president is pushing the space for for vice president pence has elaborated a little on it. somewhere this is going to quickly militarize and the russians will respond and all of
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a sudden it's a whole different set up there. what do you think? >> we do need the capability to protect our space assets and prevent somebody else from surprising and taking out her very valuable military satellite. we need the capability. we don't probably need the extra bureaucracy of the six military service. but we need to reinforce the space command efforts to protect our assets, make them defensible and make sure opponents know anything they do in space to us will come back 10 times worse to them. it's already a military arena. we use a peer adversaries using them i have to make sure we can access to multiply military power in the ground. >> to your point we do have the space command already. so are we just layering this? is this answerable to that? >> i think what we can choose between as reinforcing the current air forceis command,
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which also draws and expertise from the other military services at present. or we can choose to create a six service and the bureaucracy that added all the money going into that will going into that will be not where it needs to be, which is protecting our assets in the developing faster, cheaper launch services and so on. neil: been a team of astronauts being assigned to this commercial effort. i don't know if it's the mercury seven or the gemini launch, but it is nice to see the naming of men and women who will be going back up there. would you think of it? >> this is an exciting development for me because i've been waiting since 2011 for the u.s. to regain its ability to launch its own astronauts from the u.s. to the space station and beyond. when the shuttle retired in 2011 we turned it over to the space station program and the dimly seen seats from them ever since. our problems doing with russia
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these days is wise to get on domestic capability. the naming of the astronauts are colleagues of mine they were put back in houston. to me one will be writing this commercial transports and reestablishing our ability to launch our own space. neil: they are not exactly tom jones, that they are close. very close. >> they learned for me and picked up a lot of wisdom. >> thank you very much. tom jones, former u.s. astronaut. it is nice to see as far as space we are back. i'm going to try this joke again. we are going that night. we are going that night. okay, fine. a little more after this.
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endorsed by aarp. learn more about why you should choose an aarp medicare supplement plan. call today for a free guide. ♪ neil: all right. what's interesting about the comeback of the dow, it's a minor comeback. i don't want to overstate it here. some have found encouraging in turkey is that they're going to show some flexibility with customers who might want to sell their turkey letter remarks their currency -- lira. here is the rub on that you can't do it easily. not everyone can do it unless you're a big investment bank. you average joe or joanne are not able to unload your currency. they're trying to make it next to impossible for you to do so. the market says that is step in the right direction. i sense the turkish markets and authorities the guy orchestrating these moves is the
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son-in-law of president erdogan, you can quickly conclude with that alone, maybe this isn't a cure. i'm taking that leap. biel explore that a lot more detail. i want to go to trish regan who worked so hard in my absence. i had to run back so fast. trish: not only did you run back. i saw at the bottom of the screen, neil is hosting "mornings with maria" for rest of the week at 6:00 a.m.? >> they need an italian. wait a tech, man, you took two weeks off. trish: you took two weeks off suite make up that time. neil: thank you for everything. trish: live picture of fort drum, new york, where in a short while from now president trump will sign a defense bill that will increase military spending and boost pay for our servicemembers. the bill will also ensure our military is ready for any potential threats or aggression from russia and china, says the
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