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tv   The Evening Edit  FOX Business  August 17, 2018 5:00pm-6:01pm EDT

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harmful inflammation and aging. we need pizza in there. that's the good thing. melissa: all i heard is i should eat more pasta so i'm going to do that tonight. throw inpizza, too. david: then you have to have beer. enjoy yourself. the man made up a charge he's a phony spy. he's not a spy. he's going through a trial right now, if you want to call it a trial. they should have given him back a long time ago. turkey has in my opinion acted very, very badly so we haven't seen the last of that. we are not going to take it sitting down. they can't take our people. you will see what happens. liz: the white house is ready to rachet up the pressure on turkey, which is on the brink of a major recession. this as the turkish people videotape themselves breaking their own iphones after the
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government boycott of the u.s. product. the latest on the ground there, and why turkey will be the first to blink, and soon. also, the manafort jury wants to be done by 5:00 so they may be wrapping up deliberations for day two on manafort's bank and tax fraud charges. no judgment yet in sight. this as the president calls manafort a good man and the trial quote, very sad. we have details on what went down. and will the president pardon manafort? tonight, economist ben stein is fired up, ready to take on democrat elizabeth warren. a counter capitalism push getting growing headlines from liberal media despite its really nasty underside. this is about making losses great again. also millenials furious about president trump even as jobless rates for young americans drop to their lowest level in more than 50 years. thank you so much for joining us. thank you for watching. money, politics, we deliver the
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debate. i'm elizabeth macdonald. "the evening edit" starts right now. the dow getting a triple digit boost today, closing up 110 points at 25,669. more on your money in just a second. let's get to turkey, on the brink of a major recession and default on its debt. here's what's going on. the lira plunging. turkey stock market, losing $50 billion in just two weeks. this as the white house is set to tighten the vice. it is doubling metal tariffs on turkey just last week for not releasing pastor andrew brunson and now this. president trump saying the u.s. will pay nothing to turkey for the release of the detained pastor saying quote, turkey has taken advantage of the u.s. for many years, they are now holding our wonderful christian pastor so must now represent our country as a great patriot
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hostage. we will pay nothing for the release of an innocent man but we are cutting back on turkey. let's get to the white house senior adviser. christian, turkey has to blink first. they need $238 million to survive over the next year or so. they are the ones who have to blink first. they are on the brink. >> that's right. they are undergoing a lot of pain, a lot of it frankly well-deserved. erdogan has misrun the economy, he's put his son in charge of the finance ministry and their monetary policy, refusing to raise interest rates which is what they need to do, with inflation high and their currency low. but because of their nationalism, islamic nationalism, they may not blink. all they have to do is let this guy out of prison and everything will go back to the way it was before. liz: they like the idea of having a scape goat. at least erdogan likes having the u.s. as a scapegoat. he says turkey is spinning out of control. he's got crackpot ideas about central bank policies. he's got the population in a news blackout. they don't know what's going on,
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why the lira is plunging. they are blaming trump because he's blaming trump. this is his own self-inflicted mistakes, right? >> it is. they like having the u.s. as a scapegoat because up to now, they have been able to have that without any downside. they have done things that are profoundly unhelpful, including not letting us transit through tur coy the way to invade iraq. obviously people disagree on whether that was a good idea. we should all agree it would have been safer for our troops to be able to use this ally to do that. since then it's been worse and worse. he's undermined turkish secular democracy and so far administrations of both parties have let him get away with it. donald trump has finally drawn the line. liz: moving more toward russia and china and iran, we know he has the biggest military in that region. they are a linchpin between the mideast and europe. here's the thing. europe doesn't want those three million syrian refugees it pays turkey to keep inside its borders flooding into europe. so the issue is, will the imf bail it out.
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if they bail out turkey, they will say you have to raise interest rates, that will kill turkey's economy. let's get to this. erdogan does control the press. the turkish people are kept perfectly in the dark about the lira's plunge. he's saying it's a western plot. take a look at this video. turkish people breaking their own iphones after erdogan's call to boycott u.s. products. didn't they already buy the cell phone from apple? >> well, also, the iphones most likely are made in china so if they switch to samsung, those will be made in our ally, south korea. yeah, you have erdogan controlling things to an extent here and he's been in a very strong political situation for 15 years but turkey does have this more modern, more secular, shall we say tradition that's been under wraps for years but maybe it will come back because its popularity will decline -- liz: i'm telling you, inflation will go spiraling out of control. they can't afford to pay off a
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u.s. denominated or euro denominated debt. they have the biggest debtload of any emerging market. a new report says president trump is planning to revoke even more security clearances. he's calling it a quote, rigged witch hunt. trump addressing the fact he revoked the clearance of former obama cia chief john brennan today. let's watch. >> i have gotten tremendous response from having done that because security clearances are very important to me. if anything, i'm giving him a bigger voice. many people don't even know who he is. now he has a bigger voice and that's okay with me, because i like taking on voices like that. i have never respected him. i have never had a lot of respect. >> you know, the former cia chiefs now condemning this move, saying he's basically trying to shut down john brennan and his voice. is a security clearance a right or a privilege? >> it's a privilege. the only reason you have it is
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if senior people in the executive branch need you to have access to information in order to brief them. the idea that brennan will brief anyone in authority is ludicrous. he politicized the cia the same way jim comey politicized the fbi. the one thing you don't want to do in those jobs. and trump rightly has taken this away. the fact that they view this as an entitlement is outrageous. liz: rand paul is taking victory laps, saying he suggested doing this all along. let's watch. >> i have been calling for a review of the security clearances of a lot of folks, peter strzok and others, for months and months and months. with john brennan, there is also a question of whether he lied to the house intelligence committee when he said he did not know who paid for the fake trump dossier. he said i didn't know. so there's two possibilities. he's either lying or he's incompetent. because if he's in charge of the cia and they are using this fake dossier and no one bothered to ask who paid for it -- >> brennan is a pretty controversial figure.
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>> rand paul is rising star on the foreign relations committee and it's great he's not part of the foreign policy establishment. i don't agree with everything he does, but it's nice that he's been willing to stand back and ask questions like why do these bureaucrats have these clearances after they leave and other questions like why maybe shouldn't we talk to russia and other countries that we want things from that you are not getting from other voices in congress right now. liz: two mistakes by andrew cuomo. potential 2020 democratic presidential contender. this is what's going on. the new york republican party mocking andrew cuomo. they bought him a one-way ticket to canada. this is after andrew cuomo said quote, america was never great. president trump is really going hard after the governor today, saying quote, how does a politician, cuomo, known for pushing people and businesses out of the state, not to mention having the highest taxes in the country, survive making a statement we're not going to make america great again, it was never that great?
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which section of that sentence is worse? here's deputy press secretary hogan gidley telling fox today democrats are in competition of who hates america more. >> it's almost like a rush to see who can show the harshest hatred for this country. it's disgusting and it's disgraceful to say the biggest, best idea in the history of the planet, america, is being derided by someone who lives in america and by the way, was stupid about the argument that mr. cuomo is making. he wants open borders. we let 1.1 million people in here legally every year. he wants hundreds of thousands of people who come here illegally to also be let in, no bother borders whatsoever but if the country is so bad, how come so many people want to come here and why is he advocating for those people to come here legally or illegally? he should tell them to go somewhere else if he doesn't like this country and quite
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frankly, he should, too. liz: you think he's right? >> what cuomo has done has become the personification of what many of us suspected from the left. they don't want to change this or that policy, but that the social justice warriors actually hate america, disdain america. united states is the greatest force of freedom in history since jesus and yeah, we have some flaws and yeah, we don't do everything right, but you have this trend on the left to really think the worst of our country. i think he made the mistake of being honest about it. i just long for the days when upstate new york and long island could prevent loonies like this from governing new york and maybe that day will come again. liz: cuomo is saying quote, of course america is great, he's saying he spoke quote, inartfully. this is after cynthia nixon, his opponent, accused him of trying and failing to sound like a liberal. we had cbs late night host stephen colbert saying cuomo's comment was quote, the dumbest thing you could say as a politician. >> yep. i think it does ring true, if you look at his policies and you look at the way these people act
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toward the united states and our police, our soldiers and people like that, and i think it will really hopefully take a toll on people with those views in november. liz: all right. great to see you. thanks for coming in. let's get to your money. the dow up triple digits, this after reports that the u.s. and china hope to have a trade deal nailed down by november. now, a chinese delegation will be arriving within weeks to d.c. to hammer it out. this is before the tariffs and $200 billion in goods coming out of china kicks in. but this is the first delegation since negotiations broke down two months ago. the pentagon, though, warning that china is likely training for bombing strikes against u.s. targets. let's get to gerri willis. lot of action on the floor today. gerri: the dow up 110 points today but for the week, really a mixed bag with the nasdaq down, the s&p 500, the dow higher.
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trump is asking the s.e.c. to study six-month reporting for public companies as opposed to quarterly reports. this would be a very big change for the nation's cfos. a lot of pressure on them to do something completely different and much more likely, european union and united kingdom. he say, trump saying he got the idea from a chief executive. and the latest on tesla, having problems. regulators subpoenaing tesla directors for what they knew about the company going private. liz, back to you. liz: coming up, is it a bad week for democrats? usually liberal late night hosts, now they are criticizing democrats. watch. >> he said something stupid, it's subtle to pick out but see if you can spot it. >> we're not going to make america great again. it was never that great. liz: coming up, we play the
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sfounfull sound and much more. also the jobless rate falling to its lowest level in more than five decades. but many millenials are anti-trump. >> are you proud to be an american? >> definitely not. >> no. i'm not proud of america. no. >> you consider yourself proud to be an american? >> i'm going to go with no. liz: tonight, anti-trump millenials are actually benefiting from trump's economy. first, the manafort jury just wrapping up deliberations for the day. does it give any clues to how they are leaning? >> i think the whole manafort trial is very sad. when you look at what's going on. i think it's a very sad day for our country. he worked for me for a very short period of time but you know what? he happens to be a very good person. and i think it's very sad what they have done to paul manafort.
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well, i happen to know some people. do they listen? what? they're amazing listeners. nice. guidance from professionals who take their time to get to know you. any reaction to the president's comments this morning? >> great comments. he really appreciates the support of president trump. [ inaudible question ] >> i do. he does. liz: the manafort jury wrapping up deliberations for the day on charges of tax and bank fraud against paul manafort. the jury will continue on monday. we are awaiting a verdict in mueller's case against president trump's former campaign chair relating to his business dealings and tax returns starting in 2005. that was over a decade before manafort joined the trump
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campaign. the judge saying today he's gotten death threats. joining me, attorney harmi dillon. great to see you. what's your take on what's going on with the jury right now? they have asked for definition of terms like shell company and reasonable doubt. what's your take of what's going on here? >> first, i want to say that anybody who tries to read the entrails of jury questions and predict the outcome is generally a fool and will be disappointed. we definitely can take some clues as to what they are focusing on. they are doing their job, focusing on the definitions and burden of proof. i think some of the questions weigh in one favor, on one side, and some of the questions weigh on the other side. for example, what is the definition of reasonable doubt to me i think is a pro-defense question because it means that some of the jurors at least think that it's close to the line and they have to really think hard as to whether the prosecution has proven its case. a question about requirements on filing those foreign bank account reports i think is more
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of a prosecution question because that's kind of a technical issue on whether you have to file it or not. the question about can we see tying the exhibits to the charges in the indictment i think is a bad question for the prosecution, because it suggests the jury is confused. there were too many exhibits and they can't really tie the exhibits in their minds or in their notes to the case that the prosecution put on. finally, shelf company seems to suggest to me the prosecution tried to make the concept of a shelf lawyer something sinister. everyone knows it's a common thing so the jury seems to be confused about why that's an issue, that you create a company to do your business. i think it's a mixed bag. liz: i hear what you're saying. it seems with these questions, you are absolutely right. it's a fool's game to try to predict what the jury has on their minds. it seems they are trying to figure out how much control paul manafort had in these doings. >> yeah. if they are asking that question
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after sitting through this long trial, it means the prosecution didn't make that super clear. now, to be fair, the defense did not put on its own witnesses, which is also quite common. so you know, the reasonable doubt question comes in, if there's a question as to whether mr. manafort, a, controlled those accounts and b, had an obligation to report them, that's a big hole. but remember that there are 18 counts here and the jury has to be unanimous on each of them. some of the counts are on tax fraud. i think those may be some of the easier ones to look at. the bank fraud is at the opposite end of the spectrum. there, basically the government is saying that if he was inaccurate in his tax filings, then he was also committing bank fraud because the tax filings were used to get loans. victimless crime, maybe, so i think those are some of the things the jury is probably thinking about. liz: the question is whether the president pardons paul manafort. we will leave that for another day. quickly, president trump is calling on the justice department to look into suing drug companies that make opioids. should they be going after the
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drug companies along with the dealers? what did you think of this move? >> i think that it was interesting because as you know, about half the states and a lot of municipalities are already suing the opioid manufacturers, mainly for issues relating to fentanyl as well as some of the other opioids. you know, something needs to be done. there's clearly a lot of false advertising there about the side effects of these drugs and their addictive nature, you know, but maybe starting your own lawsuit at the federal government a year or two behind the localities may be less effective than simply joining them or intervening there. i'm sure the doj will look closely at what's the most effective strategy to get involved in these cases. bottom line, there's a lot of money that these companies spend in d.c. so that's something to look at as well. liz: yes or no, you think the president pardons paul manafort? yes or no? >> i think it depends on what he's convicted of. i think possibly. yes. liz: great to have you on. thank you so much.
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coming up, was it a bad week for democrats? you know it's bad when liberal tv late night hosts criticize them. we have the sound. first, democrat senator elizabeth warren says she wants to make capitalism great again by giving federal government more control of businesses, making it easier for workers to sue. is this really about making losses great again? economist ben stein is fired up and will take on elizabeth warren after the break. how do you win at business? stay at laquinta. where we're changing with contemporary make-overs. then, use the ultimate power handshake, the upper hander with a double palm grab. who has the upper hand now? start winning today. book now at lq.com.
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i'd like to see twice what we're going to see. this took place when i had, you know, the world's top executives, among the world's top executives, as the head of pepsi cola. a great woman who is now retiring. she says when i asked what can we do to make it even better, and she said two time a year reporting, not quarterly. liz: trump saying he's trying to make it easier for companies,
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directing a study whether six-month reporting, meaning twice a year for public companies, is easier instead of quarterly reporting, four times a year, reporting of profits. on the other hand, senator elizabeth warren is trying to make it tougher, saying a new bill she is introducing will rescue capitalism saying quote, corporations with more than a billion dollars in annual revenue would be required to get a federal corporate charter. it would also make it easier for workers to sue companies if they don't do what elizabeth warren wants. let's bring in economist ben stein. ben, what do you think of this law that she wants? >> i think there are already enough lawsuits, there are more than enough lawsuits. i happened to work in a great many lawsuits. some of them are very good, i have been witness in dozens of corporate lawsuits. some are good, some are ridiculous. i think the idea of the six-month reporting is not a bad idea at all, because after all, under existing law, corporations
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have to report any existing developments immediately so it's not as if not having reports will keep them swept under the rug for six months. that seems to be a good idea. her ideas are great for lawyers but she's probably a huge, huge beneficiary of the trial bar and that's a very big factor, almost as big as teachers in the democratic party. liz: good point. almost as if elizabeth warren wants to make the tort bar great again. isn't capitalism doing pretty well under trump, especially for government worker pensions, who have shares in a lot of these companies? >> capitalism does so well for everybody, it's insane. the idea of comparing capitalism and socialism is just terrifying and it scares me when i see young people like the people who were just teased on your show saying they are not proud to be americans, not proud of capitalism. i saw some demonstrators the other day shouting at people about their capitalist life. it's the freest system in the
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world, especially free to minorities and women because capitalism doesn't care who owns the shares. it doesn't discriminate, doesn't give off a certain amount for white people and black people and men and women. it goes up or down for everybody. it's the most equal system there is. you have to not discriminate, otherwise you will not make a profit. it is a very, very fair system and it is the work of extraordinary genius. lot of your previous guests said america was the greatest gift to freedom since jesus. i would say capitalism is the essence of that. liz: companies also, also companies that take care of their workers, actually do pretty well. talking companies like costco, right? >> absolutely. corporations that take care of their workers do do extremely well. corporations that give their workers a share of the profits given as stock options do extremely well. there's no reason not to do that. people should have a share of the corporation that they're working at. but the idea is the ordinary citizen, ordinary joe blow driving a taxi or driving a tractor can buy into the
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capitalist system and become a capitalist not on the same scale as warren buffett but in the same way as warren buffett is a miracle. he can become a hanger-on to the most productive economic system there has ever, ever been. liz: i like your reaction, christine holqvist of vermont saying i'm not even sure i know what socialism is after she won vermont's democratic governor primary. let's watch. >> more democrats viewed socialism favorably than capitalism. does that surprise you? >> well, you know, i'm not a person that's big on labels because i find labels are used to separate people. i look at the platform of a living wage and health care for all. that's called civilized society. >> when faced with a choice between the two, it does sound like you look more favorably, again, labels, you have an issue with, on the ideas behind socialism. >> well, yes, i'm not sure i
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even know what socialism is, so i just don't have the background to answer that question. liz: what's your reaction to that, ben? >> my reaction to that is capitalism should be a caring system and workers should have health care, and workers should be able to dip their fingers in the gravy, but that the idea this woman is apparently running on to some extent a socialist platform and doesn't know what it is, actually i think that's quite honest of her. i found her beguiling. she's not going to win any contests for articulate speech but she has an innocence about what's going on. who does know what socialism is? what we have in america today, probably herbert hoover or warren harding would have considered socialism. but it's not socialism. it's capitalism. capitalism is where decisions about investing and receiving the fruits of your investing are made by individuals. we still have that system in america. it works unbelievably,
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incredibly, fabulously well. let's not throw it out. let's keep it and cherish it. liz: great to see you. thanks so much for coming in. >> thank you. liz: the jobless rate for young americans falling to its lowest level in more than 50 years. coming up, a guest asks why are anti-trump millenials complaining when they are benefiting from trump's economy? first, was it a bad week for democrats when usually late night liberal hosts are going after them. that's after the break. >> he says something stupid, it's subtle to pick out but see if you can spot it. >> we're not going to make america great again. it was never that great. i can do more to lower my a1c. because my body can still make its own insulin. i take trulicity once a week to activate my body to release its own insulin, like it's supposed to. trulicity is not insulin.
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. liz: was it a bad week for democrats? maybe you know it's bad when liberal late night hosts are criticizing them. first up, late show host stephen colbert really went after democrat new york governor. he's a potential 2020 presidential candidate. andrew cuomo. watch. >> cuomo gave a speech at a bill signing event and in doing so, he said something stupid. it's subtle to pick out, but see if you can spot it. >> we're not going to make america great again. it was never that great.
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[ laughter ] that is the dumbest thing you can say as a politician. that's like closing your speech with apple pie sucks, i'm lukewarm on the troops and those stripes make the american flag look fat. thank you. i hate my mother! liz: hilarious. the company's stock closed today in the green. let's pick it up with our panel. great to see you guys. eric, colbert was pretty w withering there. >> he was, for good reason. the kind of statement cuomo made shows you why he will likely never be president of the united states. tell that to the -- america was never great, tell it to the men and women who built this great country, the great economy, in the world that we have, the top
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economy. tell it to those who helped to build united states' military. who helped send people to the moon. i think there are many people that would say andrew cuomo was never great. this is the exact reason why democrats are going to have a real hard time, i think, in november, because their underlying premise has to be that the economy is not good and it's like saying that there's no sun, that the sun doesn't exist and that the earth doesn't exist. we have a great economy today and to say it's bad and to say america isn't great is laughable. it will -- it's going to hurt them, frankly, in a big way, i think. liz: are you buying andrew cuomo backtracking today, telling reporters quote, america is great, it's always been great? he's saying when he made that off-the-cuff comment it was about policies that don't help women. is all of it too little, too late? >> i agree with eric.
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andrew cuomo is a joke. his comments are utterly despicable, liz. let me tell you, his comments are right up there with failed presidential candidate hillary clinton when she called trump supporters deplorables. if anything with colbert, he's trying to send cuomo a message, especially considering he's running for a third time and possibly for the presidential campaign in 2020, but clearly, he didn't learn much from his father, who did think that america was great and that he learned that from his parents and from his grandparents. liz: let's get to this story. a go fund me page for the fired biased anti-trump fbi agent peter strzok is raising more than $430,000. look at this. liberal daily show host trevor noah really went after this former fbi agent's fundraising effort saying the money should go to people who really need it. watch. >> there is something we need to
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address about go fund mes in general. how do people say this is the amount i need, then change the amount when they get it? that's not a thing. imagine you met someone on the street, they're like can you help me, i need $50 to go see my family. okay, here, here. he's like now that i reached $50, i need $100. i need to see my family. what are you doing? now i need $150. seriously, half a million dollars on a go fund me just for hating donald trump. there are cancer patients on that site like hey, we hate him too, can you pay for our treatments? no, you don't really hate him. we can tell. liz: it's amazing, ramping up the amount of money you say you need. you start out at $150,000, then kept raising the goal for the go fund me page that's helping him. what do you think of all this? >> it just shows you that someone who really abused the system, shows you how much individuals like peter strzok and those who are supporting him, how much they hate this
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president and anyone that supports him. so people are using their hard-earned money basically to reward bad behavior. he clearly abused his power of position, his position of power, excuse me. liz: eric, some people are saying this has kind of turned into a lottery ticket for peter strzok. how much money does he need, if he keeps raising the amount? >> yeah. i agree. i think he probably is surprised, i'm sure, those that are supporting him -- no question. i think that you are seeing this across the board. frankly, i think if lucifer in the flesh were to create a go fund me page that would in some way hurt donald trump, he would be overloaded with cash. this is just a phenomenon. any way to hurt the president and vote through your pocketbook. go fund me stock is up, their company is doing well, because of the president. it's kind of sad, frankly. liz: you have been terrific.
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thank you so much for your time. good to see you. >> have a good weekend. liz: the jobless rate for young americans falling to its lowest level in more than 50 years. it's got my next guest wondering why do so many millenials favor socialism and anti-trump stuff? this is our next story. stay there. >> are you proud to be an american? >> definitely not. >> no. i'm not proud of america. >> no. >> you consider yourself proud to be american? >> i'm going to go with no. fact is, every insurance company hopes you drive safely. but allstate actually helps you drive safely... with drivewise. it lets you know when you go too fast... ...and brake too hard. with feedback to help you drive safer. giving you the power to actually lower your cost. unfortunately, it can't do anything about that.
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ancestrydna can open you to a world of new cultures to explore. with two times more detail than any other dna test... you can connect more deeply to the places of your past. and be inspired to learn about the people and traditions that make you, you. savor your dna story. only $59-- our site's lowest price ever. reporter: do you consider yourself today proud to be an american? >> oh, boy, that's a tough question. >> no. not the america we have right now. i'm not proud. >> not now, especially recently. >> definitely not. >> no. i'm not proud of america. reporter: anyplaces come to mind that would be better? >> better than the u.s.?
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probably some nice little socialist country in europe. >> there's an america we can make, that would be great. reporter: are you saying make america great again? >> no. that's not what i'm saying. liz: here's what's going on. college students don't like the divisive things the president has said in his twitter account. that's what they have said. the unemployment rate among young americans did fall to its lowest rate in more than 50 years. the ones who are actively looking for work, 9.2% were unemployed in july. that's a drop from 9.6% unemployment rate in july of last year. it was the lowest midsummer jobless rate for youth since july 1966. youth joblessness under president obama averaged 15%. let's bring in campus reform.org media director kevin phillips. there's still this positivity -- great to see you. welcome to the show. first time. >> great to be here. liz: what's your take on these findings?
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>> i think it's a positive step so many young people are gaining employment for a few reasons. first off, you are asking why are young people leaning toward socialist policies, why are they okay with raising taxes, because many of them haven't had to pay taxes. they have had no skin in the game. the more often people can start paying taxes, realizing what hard work entails, i think people would become naturally more fiscally conservative as they get a job. it's ironic, millenials are the most likely generation to bash president trump and are benefiting more than any other generation from the economy he helped foster. liz: this new love of free tuition idea from bernie sanders, do they get that nothing's free? when you say colleges, you know, there's going to be free tuition, the taxpayers pay for it? do they get that? >> i don't think they do. again, so many of them have not had to -- it's a concept that is just a fantasy for them to hear free college and they think oh, it must actually be free. they haven't had to actually foot the bill for these things yet so i do think a lot of people as they get older, start to pay taxes, get jobs of their
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own -- liz: don't they know colleges will have no incentive to lower tuition costs in a free tuition environment? they will just keep raising tuition and that means their loans will go even higher? >> that's something not enough people are talking about, how universities really have no reason to keep prices down. they can raise it, the government will continue shelling out high rate loans. young people going to college today have accepted i'm going to graduate with $200,000 in student debt. that's how it works now. liz: crazy. >> it is crazy. university systems are not doing enough to keep their prices down or educate people what actually comes about with taking a loan. people aren't doing enough to actually -- liz: these guys are shameless. >> another aspect of this for people wondering how can we continue to drive down unemployment for young people, look at california, for example. if you want to harm the youth unemployment, raise minimum wage rates. california raising the minimum wage, 19.5% unemployment youth rate.
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twice the national average. another government intervention hurting people. liz: what's your reaction to the 18 to 29 age group, positivity toward socialism, around 50%. that's pretty high. 50% say yeah, it's a good thing. your take on that? >> so much of this starts with the education system. we covered it, professors pushing the idea that capitalism is this dirty word. if you support free market capitalism you are evil, you don't care about poor people, you don't care about the average american. the left has really done a successful job in messaging socialism as compassion. they messaged socialism to the point you want to help people that don't have anything -- liz: do they know that this is economy run by the military at a tip of a gun? >> they haven't been taught the context of history, either. the context is being lost. liz: that's where the tuition is going. wow. fight the good fight. this story for you. more than 1,000 google workers signed a protest letter to
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google's chief about a secretive plan to basically build a censored version of the search engine google for china. our next guest says you know what, this is a story that i need to take on. ♪ a hotel can make or break a trip. and at expedia, we don't think you should be rushed into booking one. that's why we created expedia's add-on advantage. now after booking your flight, you unlock discounts on select hotels right until the day you leave. ♪ add-on advantage. discounted hotel rates when you add on to your trip. only when you book with expedia.
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liz: welcome back. 1400 google workers signed a letter to upper management protesting google's secretive plan to launch a new version of google in china that would help communist china censor and spy on its people. google's ceo says the company's not close to launching this censored search engine.
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it's in its early stages. let's take a check of the company's parent stock, alphabet down more than half a percent. look who's here. bill, how are you? what's your take on all this? >> look, this is part of the price of doing business in china. i lived in hong kong for ten years. the "wall street journal" which i worked for owning properties in hong kong, we were always very pro-free press. i don't believe compromised our principles. but this is the problem and it leads to accusations of double standards. wasn't it google a month or two ago said it wouldn't participate in the drone program but will build a search engine for china? he says it's delayed but he didn't say they're not going to do it. liz: right. some people have said, if you don't like it, the way to protest is quit your job. this is the company says do no evil, but they are in a rock and a hard place because china has the most internet users in the world. >> right. it's a big market.
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it's a temptation. a lot of these companies are finding you need a little more than a slogan to decide what you really stand for. liz: go ahead. >> i was going to say, they are being caught up on issues of double standards, in this case by their own employees. liz: let's get to double amputee wounded warrior johnny jones who says google is trying to make them participate in something immoral when they entered the contract. let's watch. >> the idea is to keep the people in this country safe. when it comes to point of war, most of the time if not every time, that's not our decision. that's our enemy's decision. we are a benevolent country. we are the largest and most powerful country because we treat other countries with respect. we don't send our men and women to war for no good reason. for them to make that summation, to say that having a defense contract means that you are killing people or doing something immoral is to say every man and woman who raises their right hand in defense of this country is partaking in sol
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immoral. i take personal offense to that and good riddance. i'm glad they're resigning. hopefully they will get people in there that are patriotic and want to help us out. liz: what do you think of that? >> i have a soft spot for marines. my dad was a marine. i like these guys. he makes a good point. it's a double standard. these guys won't participate in a drone program with the pentagon but will cooperate with communist china on this? and it gets back to like -- it's not just about hypocrisy. there is also this idea you can take these stands in america as though america is one of every other country, then go out in the world and find out maybe we are better than some of these other places. liz: the drone program was going to help -- >> right. liz: to limit casualties, right? >> it was reading the feedout from what the drones reported. there's a tendency in a lot of these companies to uppontificat and preen and then they dip their hands in the muck as well. liz: here's the thing with
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what's going on with google and silicon valley. now they are talking about unionizing based on ethics, what the workers' version of ethics are, and forcing their company to follow what the ethics are. what's your take on that? >> i believe in shareholders and so forth. i'm not sure they are any more ethical if the workers run the program. liz: here's where you don't see them writing protest letters at google. they basically try to continuously track you even if you use another google app, they still track you. >> right. look, i think what we have seen the last two months is a lot of people questioning silicon valley and saying if you guys mean what you say, you have got to behave better and so forth. they are faced with a lot of tough decisions. china is a big one. are you going to help them censor? spy on people? liz: good point. thank you for your public service as a marine. great stuff. we have got to go. we will talk to bill next week. he will be back with us. we'll be right back.
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liz: charles payne has an exclusive interview with former walmart executive bill simon. that's coming up next. charles: good evening. i'm charles payne. the american commission on fire and it's the main reason the stock market is on the cusp of a major milestone. former walmart cio bill simon will join us to discuss the resurgence and talk of retail ice age was a little bit premature. president trump doubling down on his decision to remove former cia director, john

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