tv The Evening Edit FOX Business August 30, 2018 5:00pm-6:01pm EDT
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flexible schedules could be shorter weekly hours. or working a few months a year. shows the power of the employee now that there is a shortage of employees for the jobs that are available. >> viewers need to know we'll always be here at this time. david: we will indeed. count on us. "the evening edit" starts now. elizabeth: u.s. stocks on the move. a big escalation in the trade fight with china could come next week. we break down the white house plan to slap tariffs on $200 billion worth of china's goods. markets reacted to the downside. the president also says he will pull the u.s. out of the world trade organization, if they quote, don't shape up. we give the reality check there and all of that. the eu coming to the table on trade. canada and mexico as well. right now president trump is on his way in air force one to indiana for a rally. crowds gathering there since this morning. the president won more than half of the vote there. and a new report saying iran
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helped supply and train iraqis to kill u.s. soldiers. tonight what president obama new, did know it before he made that nuclear deal. new york governor andrew cuomo calling immigration officers, quote, a bunch of thugs. we bring in former i.c.e. director thomas homan to react. he will remind everyone how i.c.e. keeps america safe. california violating its own state constitution? discriminating against men? we have a guest that says, yes they are. thank you for joining us. thank you for watching. politics, money, we have the debate behind tomorrow's headlines. i'm elizabeth macdonald. the evening he had it starting right right now. ♪ elizabeth: get to your money. stocks closing down after a
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four-day win being streak, breaking below 26,000 after reports president trump is set to put tariffs on $200 billion of chinese goods next week. more on that in a second. the president is traveling to evansville, indiana. jeff flock is live on the ground in evansville, indiana. boy, these crowds have been gathering since this morning, jeff? reporter: since yesterday, liz. this is the ford center in evansville. they have been lining up by the thousands literally out here. i should cease to be surprised by the sizes of these crowd. they keep coming. as you can see i'm surrounded by everyone here. i have to show you this one. this is a classic. if you want the president's tweets, they have a book with all the president's tweets from the first year. they will do one every year with all of his tweets, right. >> yes. reporter: judy is your sister?
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>> yes, all president trump's tweets since year one, beginning with inauguration. there will be one every year. of course there will be eight volumes. president tweets.com. if you want to purchase it. reporter: you can buy almost anything. president putting people back to work again, looking at all the merchandise, trump merchandise for sale out here. folks with merchandise have new jobs. there you go. the president will be here about 7:30 inside the hall to begin remarks. as you can see, it is always, a very happy crowd to see the president. elizabeth: great to see you, jeff. we'll stay on that story throughout the hour. to trade talks between the u.s. and canada. president trump giving canada a deadline until friday to make a deal. the dow broke down below 26,000 on reports that trump might impose tariffs on $200 billion worth of chinese goods next week. let's get to edward lawrence
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live in d.c. with the latest. edward. reporter: liz, i've been reporting after september 5th the president can impose tariffs on $200 billion worth of chinese goods. bloomberg reported that the president would go forward next week. that moved the market down. the chinese are worried about the escalation, they cut taxes on their firms. the announcement came after the cabinet level in china. that will save the firms $7 billion. they're trying to stop a market from a freefall. this comes as the chinese economy slides. there is optimism at the u.s. trade representatives office for an agreement over nafta. i can tell you that the canadian minister of foreign affairs says she is encouraged by the constructive atmosphere. >> nafta negotiation is, as i think you all know, an extremely important negotiation for canada, and we are focusing on getting a good deal for canada,
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a win-win, for the long term. reporter: they started that evening session about an hour ago. the white house advisor jared kushner is also inside. as he was for the end of the mexican-u.s. deal when that agreement came down. the canadian minister of foreign affairs said she had a good conversation today with the prime minister and premiers in their country. she said they offered advice on these negotiations going forward. time is running out on their deadline. related to trade, president telling bloomberg, he is is willing to pull out of the with. it. o, the world trade organization, if they do not shape up. the president has trouble with the organization saying they're unfairly treating the united states as opposed to other countries. china was allowed in it. he believes china is not playing by the rules. he said the u.s. will pull out of the world trade organization if they don't shape up. liz? elizabeth: great to see you,
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edward. thanks so much. more on the plan to slap tariffs on $200 billion worth of chinese goods. the tariffs may or may not happen, but the president is ramping up a deal with china, trying to get one in the works. rnc spokesperson kayleigh mcenany. you have an inside seat. president has toughest fight ahead. china, involves north korea. why hasn't the president gotten a deal with china? >> china is not being stubborn, not coming to the table. steve moore, an economist, advisor to the president as well, he wrote in the "wall street journal" the strategy here is to get deals with the other players, get that nafta deal. we got the south korea deal, the mexico one. we're working on one with the eu. we effectively isolate china when they come to the table. a grand negotiation with china who is a big player. elizabeth: the president is
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further isolating china saying the wto has to shape up because china has been member of wto since 2001. it has been breaking the rules all along. >> absolutely. you know who is hurt by that? american factories. i saw "politifact" before we hit the air, rated president's statement the statement was, 60,000 factories have closed down since china entered the wto. we cannot allow that. that is inexcusable as the status quo. elizabeth: eu top trade official surprised the world that the eu would talk about extending the zero tariff zone to include the u.s., so long as the u.s. does the same but the eu wants tariffs on farm goods. trump wants zero on farm goods. let's look at media reaction when president criticized eu tariffs. >> 15 months in, if he is the
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deal-maker why hasn't been able to renegotiate these trade deals are horrible? why hasn't he been able to do that. >> he was dismissive. impact this has on american consumers american business, potentially biggest deal, our friendship with some of our closest longest standing allies and trading partners. >> these are allies, these countries at a moment president trying to negotiate with north korea, efforts with the middle east. is this a time when you want to upset allies escalate trade tensions. >> how do you think our allies feel about our message across the board? >> the effect on our allies are real. >> why would any longstanding ally have trust? >> this is unmitigated disaster. this has the potential to wreck the global trading system. >> this would have a devastating economic impact. elizabeth: is anything there, kayleigh true at all? >> no. those apoplectic statements are wrong.
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i would love to see the look on fair faces with the eu commissioner standing next to him in the rose garden we'll get to zero trade burdens. this is double standard. richard trumka, unlikely ally of the trump administration, afl-cio, in wake of steel tariffs, when obama raised steel tariffs on nine countries there was no talk on trade war. he was pointing out the double standard you played. elizabeth: interesting. president trump saying eu proposal to wipe out auto tariffs. he is saying it is not good enough. what is your take there? >> the president wants all tariffs to come down to zero just like what was vowed in the rose garden. not just enough for autos. we have to get agriculture to level the playing field. this eu tariff regime beneficial to them was set up in the wake of world war ii to help them rebuild. this is no longer necessary. we have to make free trade truly fair. >> markets are above 26,000 where it was early in the year. the economy is on a tear. here is the thing, his president
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trump's own tweet storm distracting from the news on his agenda? attacks on cnn, nbc news, google. are the tweets a distraction. >> this is only venue the president can push back on media narrative. if they can't find a way to negatively spin it they will make up a fake news story like cnn did with lanny davis story. that is freight venue for him. i'm glad he uses it. elizabeth: let's get to billionaire warren buffett telling liz claman, talking to liz claman how trump's tough rhetoric could result in fairer trade deals for the u.s. watch. >> also, he is negotiating in his own way but we do not want to have trade wars over time and on the other hand you don't want to give away the store. elizabeth: that is the issue, kayleigh. does the president, is the white house ready to stand down? let me back up. does the president want an extensive trade war? >> no, not in the slightest.
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look at the results. you see the south korean trade dale. you see the eu one in the works. we heard the mexico one that was just announced. canada is saying hey, yeah, we might get things together by friday. what he is is doing is working. he doesn't want a trade war. he wants fairness for american manufacturers and our agriculture community. that is what he wants. elizabeth: kayleigh mcenany, great to see you. come back soon. >> thank you. elizabeth: let's check your money. all three major market indices ending in the red. the dow dropping 137 points. let's get to the action with gerri willis on the floor of the new york stock exchange with the very latest. >> liz, a tough day on the markets. all three major indexes finishing lower. the dow down 137, zaps&p 500 down 13, nasdaq down 21 that didn't stop apple moving high every after warren buffett said he was buying more shares of that company. that company a member of the trillion dollar market cap club.
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guess who else wants to be there? amazon. finishing up to the 2,000 level for first time ever. liz? back to you. elizabeth: thank you, gerri. breaking news out of dow jones. attorney general jeff sessions will stay at least until the november midterm elections. next to this story. california democrat pushing a controversial new bill. you saw that elected official there. it would force companies in california to put women on their boards by next year. coming up, a guest who says california is violating its own constitution by discriminating against, men. also, first he called the president's immigration policy jihadist. now democrat new york governor andrew cuomo calling i.c.e. agents, called thugs. former acting director of i.c.e., thomas homan to give a piece of his mind. >> greatest story never told as
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stuart varney says, the economic boom not making "the new york times" or other media. it is our headline story tonight after the break. ♪ (vo) when bandits stole the lockbox from the wells fargo stagecoach, agent beekman was one step ahead of them. because he hid his customers' gold in a different box. and the bandits, well, they got rocks. we protected your money then and we're dedicated to helping protect it today. like alerting you to certain card activity we find suspicious. if it's not your purchase, we'll help you resolve it. it's a new day at wells fargo. but it's a lot like our first day. you wouldn't accept an incomplete job from any one else. why accept it from your allergy pills? flonase sensimist relieves all your worst symptoms, including nasal congestion, which most pills don't.
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elizabeth: this just in. breaking news the president just speaking just now to bloomberg. he is saying attorney general jeff sessions will stay at least until the photograph midterm elections. the president also says he views the mueller probe, quote, as an illegal investigation. watch this. >> again, as i said without any hesitation probably one of the worst pieces of legislation, either house, but together, worse pieces of legislation to come before the congress. this is armageddon. >> the market is doing very well
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because companies are flush with cash, when they're flush with cash they're not playing employees more. they're doing dividends, doing stock buybacks. this is so dangerous. why would republicans want to sell this to the american people. the administration making the argument, when you give corporations these taxes they will create jobs, they will give people higher wages. i dispute that point because corporations are flush with cash today and they're not doing that. >> tiny tim, we're taking your crutch away from you. >> i will negotiate a better deal. how exactly are you going to negotiate that? what magic wand do you have? elizabeth: well it is the greatest story never told as stuart varney likes to say, the economic boom in the u.s. didn't make the front page of "new york times" or other media. media outlets like msnbc tried to claim tax cuts wouldn't create jobs. that companies wouldn't invest. you wouldn't see higher median income. they would argue, companies would keep money, tax cuts. they wouldn't spend it under
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obama, that was the argument. that is despite what the media said. business investment is up nearly 9%. we have 4.2% second quarter gdp growth. annual gdp on track for best in 13 years. median household income to record highs. u.s. workers highest job satisfaction since 2005. record low jobless rates, including plunging jobless rates for minorities. bring in, look who is here, "wall street journal" editorial assistant page editor, james freeman. james, take on the media sound bites you just saw. >> that was a fun trip down memory lane. part of the argument of nancy pelosi and larry summers before the tax cuts, people will die. same thing happened talking about the decision by the trump appointees not to regulate the internet like monopoly telephone network. net neutralitity, i don't know if you remember, there were
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hysterical claims. cutting taxes, cutting regulation, voila we have peopling economy. this is what everyone missed, not everyone, mentioned "new york times" and news coverage and opinion pages, obviously forecasts of doom prior to mr. trump's election. elizabeth: what is interesting median household income is up 4% to 62,000. it was trending around flat under obama, 0.3%. the economy as we know was bedridden under obama. that is the highest level since the outfit research started tracking it 18 years ago. >> it is really encouraging. we saw the july report. consumer spending coming up. wages are coming up. wages will get better when you look at all the investment. what corporate investment does, makes workers more productive allows them to demand higher wages that story gets better. it is the greatest story never
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told by much of the press, isn't it? almost every day, rising confidence, rising investment, basically, the best job market ever, for several months here. elizabeth: yeah. >> we had record numbers of openings. elizabeth: like your reaction, bring you down again memory lane. remember how the media reacted on election night when the president won, watch. >> markets around the world are in tour mill it hour over trump's astonishing victory. >> u.s. stock markets opened, world markets sinking in anticipation of a trump presidency. global investors expected and wanted, expected a hillary clinton presidency. they didn't get it. now you will see volatility, guys. elizabeth: after the election "new york times" columnist paul krugman, we're probably looking at a global projection with no end in sight. andrew ross sorkin writing at "new york times," if trump wins the presidency the stock market
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would quote, fall precipitously. simon the mit economist, said trump would likely cause the stock market to crash and plunge the world into recession and larry summers also. >> whoops. but on the other hand, on this network, and our sister network, a different message, our colleague, maria bartiromo obviously predicting a big market rally which turned out to be the case. elizabeth: this was all slam the door and get out the nail gun kind of rhetoric. >> yeah. elizabeth: to this day, that is the point in the coverage or lack of coverage of what is going on. >> even decorated economists not understanding power of incentives. mr. krugman of "the new york times" you lost a lot of money, if you gone on his economic forecast. it wasn't pretrump. it was late 90s. he didn't think capital-gains tax cut would lead to higher growth. didn't think america could grow faster. elizabeth: now the president is talking, news breaking, about
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cutting capital-gains taxes again. james freeman. love having you on. great stuff. buy your book. >> borrowed time. elizabeth: about citigroup and the bailouts. whoa, good stuff. >> thank you. elizabeth: come back. first he called the president's immigration policy, quote jihadist. now democrat new york governor andrew cuomo calling i.c.e. agents, thugs. former acting director thomas homan is here to give cuomo a piece of his mind. a report that iran helped supply and train iraqis to kill u.s. soldiers and at least five were killed. tonight, what did president up obama know, and did know it before he made the nuclear deal with iran. we are bringing in a top military expert, van hipp, chairman of the defense international, a former top army official. van hipp, much more after this. ♪
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elizabeth: welcome back. declassified government reports now show how far iran has gone to try to dominate iraq. the new government information shows iran did train and provide arms to a shiite group based in iraq to attack and kill u.s. soldiers there in order to pressure u.s. troops to leave. five, at least five u.s. soldiers were killed. take a check of oil prices rising today extending gains on growing evidence of disruption of crude supply from iran and venezuela and after a fall in u.s. crude inventories. bring in top expert, van hipp, former top army official. van, great to see you, sir. >> liz, great to be with you. elizabeth: the question was this intelligence available to the obama white house even as it sought the iran deal giving iran tens of billions of dollars? >> liz, i think they had this back, our country probably had it going back to 2007. this was part of an
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interrogation of al-kazali u.s. central command t was declassified by centcom this year. we've known about it a long time. surprise be surprise, iran was providing ied technology, training militia groups who would go back and in and launch attacks against our soldiers. elizabeth: it was not helping arm iraq, scrap the banner, helping a shiite militia in iraq attack iraqi, u.s. troops. so here's the thing, van hipp. should americans see more classified documents? do voters have the right to see this sort of intelligence and know who is pulling the strings immediately, not years after the fact? >> i think so. liz, we did something for fox news a few years ago using open source intelligence to iranian nuclear scientists walk the ground in north korea in 2013, 2014, helping them with their nuclear tests. it should not be a surprise that what iraq has been doing.
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they have been in bed with north korea. what they have been doing from a nuclear standpoint. what they have been doing from a ballistic missile standpoint. thank has d are starting to get a little antsy and jumpy. elizabeth: tell us what is going on inside of iran right now. it mat es for the oil market and protesters in iraq or iran. they want a free iran. man, we have a spokesman for iran telling the u.n., what happened which are rack never happened. we didn't want to manipulate iraqi politics. of course they are not telling the truth. your take on all of that. >> we need to get this out. president rouhani has been rebuked by iranian parliament. they fired their finance minister two days ago. they have a economic crisis with with high unemployment. their currency is devaluated. former iranian ambassador started trashing the russia the
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other day. they're feeling jumpy. elizabeth: forgive me one second, van, forgive me for interrupting, going after a russian official. iran is going after a russian official, what is the import of that? >> because netanyahu is meeting with the russians to try to get the russians to work with the syrians to basically create a 50-mile buffer zone along the syrian-israeli border to make sure there are no iranian-backed militias within 50 miles of the israeli border. so they're starting to, they're starting to feel it right now. and we need to continue to apply maximum pressure. one thing i would advocate, i've been a big fan of al houra, a network with a pro-western values message, separate agency of our government. go into that part of the world, where they're used to seeing anti-western venom 24 hours a day. we need to do everything we can
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do to exacerbate the situation there and create change from within. elizabeth: van, thank you for being here. >> good to be with you. elizabeth: a liberal california democrat introducing a controversial new bill there. it would force companies in california to put women on their boards by next year. coming up a guest who says california is violating its own state constitution by discriminating against men. first he called the president's immigration policy jihadist. new york governor cuomo, he is calling i.c.e. agents, quote, thugs. my next guest is ready to give him a piece of his mind. he is fired up. he is former acting director of i.c.e., thomas homan. he will speak out after the break. ♪ new tums chewy bites with gas relief all in one relief of heartburn and gas ♪ ♪ tum tum tum tums new tums chewy bites with gas relief
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acting director of i.c.e., thomas homan. he is talking about the separation of families at the border. what is your response to governor cuomo here? >> he should study the issue. separation of families was done about it border patrol, different agency from i.c.e. abolish i.c.e., you're separating families. in fact i.c.e. didn't separate families border patrol. i'm not saying border patrol shouldn't have done it. they should continue doing it. within two weeks border crossings dropped 20%. elizabeth: they think it is inhumane separating children from families. i want to stay on the story though. the governor of new york saying the president is politicizing i.c.e. is that true? >> immigration enforcement has been a political issue for 34 years i've been doing it. it as you has been a political issue. a lot of people don't like immigration laws like they don't like the irs and tax laws. we enforce the laws unpopular
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amongst many. it always been political. it is always been emotional. nothing has changed. the president hasn't politicized i.c.e. what the president says, i.c.e. you will enforce the laws on the books. we're not making this up. the president is not making this up. laws were enacted by congress. we're merely enforcing them. he took the handcuffs off the officers of i.c.e., let them dot full range of duties, they haven't been allowed to do in 10 years. elizabeth: thomas, only a quarter of democrats according to a recent poll support abolishes i.c.e. only cynthia nixon and cuomo are attacking i.c.e. tell us what i.c.e. agents have to deal with when it comes to violent criminal border crossers especially? >> well we've been talking about new york city, a sanctuary city, that the governor supports. cynthia nixon is supporting. sanctuary cities, when an illegal alien gets arrested for a crime, they go to rikers island. we used to have a staff of at rikers island.
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we're kicked out of rikers island. people convicted, for series of events, walk out of rikers island back into the communities they will reoffend. i.c.e. officers have to go on door, place of business, where these criminals have access to who knows what weapons. makes job of i.c.e. sisters much more dangerous. makes the community a lot less safe. they want to sell they're protecting immigrant community not letting us in jails. i dare trump or dare cuomo, cynthia nixon, go to the immigrant community, where would you have i.c.e. operates in the jail or your neighborhoods? i guarranty they will say the jail. sanctuary cities do not protect immigrant communities. they put them at greater risk at crime. elizabeth: put immigrant communities greater risk of crime. here is governor cuomo, here is the issue they took on last night. quote, what is larger threat to new yorkers than terror attacks and hurricanes if governor cuomo said president trump.
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let's listen. >> my job as governor is to protect new yorkers. whether it is from terrorism or climate change or mother nature but, part of the largest threat today is president trump. elizabeth: okay. so let's do a quick recap. last october in new york city, terrorist plowed his truck into bicyclists. another terrorist tried to set off a homemade bomb in the port authority during rush hour. that was back in december. we all remember hurricane sandy, and devastating toll it caused in the region. how can a governor make a statement like that, sir? >> it is ridiculous. it just political noise, right? he pandering for the far left vote. look, this president, i've been law enforcement officer 34 years. i've been enforcing immigration laws since 1984. i worked with six presidents starting with ronald reagan. there has been no president, no president has done more for national security, public safety and border control than this president. the statement cuomo made was
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totally the opposite of fact. elizabeth: how many criminal illegal border crossers are we dealing with right now in this country, sir? >> i don't have solid number on that but will talk about new york state. in the last year, i.c.e. agents have taken over 5000 criminal aliens off the streets of new york, many of which walked out of sanctuary jails supported by that governor. so you know, instead of vilifying men and women of i.c.e., calling them thugs, we arrest thugs, we arrest ms-13 member, we arrest drug traffickers and human traffickers. you would think you would spend a few minutes thanking men and women of i.c.e. that put their health and safety on the line to help protect new yorkers. what is strange thing. year-and-a-half i was acting director, cuomo never reached out to me, cynthia nixon never reached out to me, none of the politicians reached out to me what i.c.e. does or what i.c.e. doesn't do. not one of them do. they are making judgments based on far left media. elizabeth: thomas homan, thank you to the service for our country. thank you for coming in.
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>> thank you. elizabeth: next up a liberal california democrat pushing a controversial new bill that would force companies in california to put women on their boards by next year. coming up a guest who says california is violating its own state constitution by discriminating against men. first back to that debate with cynthia nixon facing facts how much socialized health care would cost. hear how she reacted or how she didn't react after the break. ♪ cident - no big deal, right? wrong. your insurance company is gonna raise your rate after the other car got a scratch so small you coulda fixed it with a pen. maybe you should take that pen and use it to sign up with a different insurance company. for drivers with accident forgiveness liberty mutual won't raise their rates because of their first accident. liberty mutual insurance. ♪ liberty. liberty. liberty. liberty ♪
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>> with have float pass nothing dream act to pass the dreamers. we haven't passed liberty act to stop law enforcement collaborating with i.c.e. passing single-payer health care. 100% renewable energy. this is something we need to be doing. elizabeth: that is cynthia nixon, listing her wish-list this morning on cnn. a moderator in the debate with andrew cuomo, pressed cynthia nixon exactly how new york could afford free health care.
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watch. >> you are proposing new york state move to single-payer health care system is, also known as medicare for all. everybody would be covered. a rand corporation study found this would cost $139 billion. that is almost the size of the state budget. would double it. how do you plan to make this happen? >> 98% of new yorkers would pay less for their health care than they do now. >> the same study also found this would nearly triple the state tax rate for average family from 6% to 18%. that is family making roughly 100 to $150,000. >> what we would have payroll tax in order to pay for it. it would be taken out of people's payrolls the same way social security is taken out. it would be overall savings for 98% of new yorkers. elizabeth: okay. cynthia nixon didn't answer the question. take it up with the "daily caller" executive editor vince coglianese. break it down. what cynthia nixon is not saying taxes go up on the poor and
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middle class to pay for this. will voters go for that? >> everyone will pay more taxes. this is nothing free about this. it will come out of everyone, meaning payroll taxes. it is untenable for a state like new york seeing people who are fleeing the state based on taxes, same thing in california, people fleeing based on taxes it will do no favors to that state to come in with a big costly program that ends up not even really helping with the health benefits. what happens with the universal health care systems single-payer systems in the end health care outcomes are lower. more expensive, crappier health care not good. elizabeth: we've been having debates over and over and over again. here is the thing, the bottom line is, it would rip everyone's health insurance away from them, including company coverage. everybody would be in a state-run medicaid type program, waiting months for treatment just like they do in socialized schemes overseas. >> right. every time you bring up the
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price tag, most of the time the response you get for people to stick their fingers in their ears. i can't hear you. that is not what this is about, this is about the outcome. when you take care of everybody, what is wrong with you? you're so heartless. look at bernie sanders estimates on cost of his program, medicare for all over 10 years $33 trillion. the national debt right now is $21 trillion. this just can't be done. elizabeth: listen, we have a broken system. there are plans to fix it. this is just not the way. even bernie sanders home state of vermont didn't want single-payer. california booted it too. about the debate, cost nearly entire, it would double basically new york state budget. so would almost basically be $140 billion there. i european time and again, what is clear here in these debates, vince, when they are asked the question, you have to watch how they don't answer it, right? >> right. it is squirming away from having to actually answer the question that should be a real tell to
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the voters. as they watch these things, man, yet another politician who refuses to answer the question. answer the question, be plainspoken. if it is expensive say it out loud. how will you pay for it. say it out loud. you will have to tax people an inordinate amount of money. elizabeth: watch governor cuomo trying to correct cynthia nixon on the stud. >> excuse me, can you stop interrupting? can you stop interrapting? >> can you stop lying. >> yes. as soon as you do. >> health care is human right. we can insure all of our people and we can do it at enormous savings, not only to individuals and to employers but to the state itself. >> the question miss nixon couldn't answer is, the projected cost, is $200 million for the transition. that is more than the current state budget. elizabeth: he said 200 million, lower case m, i don't think he meant that even there we don't
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have the right information coming out of this debate. what do you get out of the debate if you're not getting facts? >> i have to say i'm glad i'm not living in new york. that i don't have to make this decision. these are horrible decisions here. these guys are fighting over the bill here. look, even andrew cuomo's case he flirted with single-payer in the past. he said how great it would be. it will sad for new york taxpayers. all studies show, their taxes will go up, their health care outcomes will go down. it will be very expensive. two outcomes here, it passes miserable for new york or cynthia nixon's lying and never intend to put it into place. elizabeth: vince, love you. come back soon. >> thank you. elizabeth: liberal california democrat pushing a controversial new bill. it would force companies in california to put women on their boards by next year but my next guest says, wait a second, california, you're violating your own constitution if you do this.
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elizabeth: to california, taking up a controversial new bill. it would force publicly-traded companies to include women on their boards by next year. a government-enforced quota system to quote, blow up the glass ceiling for women. take it up with the author of the hit book, backlash, fox news contributor deneen borelli. welcome to the show, deneen. your take on all this? >> hey, liz. when you thought you heard it all out of california, right? liberals need to understand how the real world works, liz. when it comes to board members and publicly-traded companies,
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they are elected by the shareholders. speaking of the shareholder, really companies and board members should be more focused on their fiduciary responsibility to the shareholders versus what liberals are dreaming up day in and day out on a daily basis. elizabeth: deneen, you make an important point. we all know women bring special talents to boards and corporate jobs but isn't it true women can get their on their own, they don't need female affirmative action? if this passes what does it mean for the women who accept these board seats? like they will have an asterisk next to their name on this forever? >> sure. this should be based on one's skillset, their experience, their content of character. those are some of the, real fine qualities which would really weigh in and be important when it comes to putting someone on a board, not based on someone's gender because that has absolutely nothing to do with with a person has to bring to the table. elizabeth: you know, know
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deneen, another thinking thing coming up this could involve discrimination. california with this bill may be violating its own state constitution. there are federal laws discriminating against men in this regard like this, against gender. >> yeah, again it is like liberals are totally ignoring what the basis is in terms of how things are done. so yes, it is very discriminatory. should not be based on someone's gender. nothing should be based on anyone's skin, for that matter, when it comes to jobs, placing someone on a board or college admission. elizabeth: let's get to this. this is a legal challenge to affirmative action of the justice department now joining a discrimination lawsuit against harvard. the plaintiffs are suing harvard university for allegedly limiting the number of asian students it admits, holding them to higher standard than students of other races. should colleges be picking
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applicants based on race? >> no, that is discriminatory. that is racism, liz. this harvard university, they're basically color-coding their campuses in the age of diversity. really what they're doing is punishing the asian students just because they have a higher grade standard and higher school standards, based on their work, and what they do in terms of graduating and moving on in life, they should not be punished for being a good student. and again it comes down to racism and the, university of harvard is basically color-coding their campus and i would like to see what happens with this lawsuit with these students. elizabeth: to your point asian-american applicants according to the studies have the highest academic and extracurricular rating of any other group but this is an issue. it includes an evaluation basically of the applicant's personality. is this how harvard should operate?
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>> well that is very subjective. no, they should not be operating that way. so really it should be based on the person's work ethic, whether they're able to do the school work and graduate. and when it comes to favoring other applicants versus the asian students, they could be setting people up for failure if they are not able, not capable to do the work and to graduate. elizabeth: wow. >> this is really big problem i'm seeing from harvard. elizabeth: justice department is on the case. deneen borelli, thank you for your insights. >> thank you, liz. elizabeth: the clock is ticking for canada and the u.s. to reach a deal by tomorrow. more after the break. stay there. (vo) when bandits stole the lockbox from the wells fargo stagecoach, agent beekman was one step ahead of them. because he hid his customers' gold in a different box. and the bandits, well, they got rocks.
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a trilateral trade deal with mexico. we are going to be all or that story for you tomorrow. thank you for having us in your home. thanks for watching. charles payne is here with "making money." charles: a slow summer session turned hot real fast as reports that president trump is ready to launch $200 billion in tariffs against china's goods as soon as next week. canadian negotiators are racing against the clock. the bad news is no deal going into the weekend would affect the markets. jason
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