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tv   After the Bell  FOX Business  September 11, 2018 4:00pm-5:00pm EDT

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take a back seat as the dow break as two-day losing streak. [closing bell rings] transports hit a new high and a this is the best day of the month for the dow, s&p and nasdaq. that is it for the "claman countdown." thanks for joining us. i will see you tomorrow. david: they're all working together. green across the board, stocks rebounding from earlier losses as the tech sector bouncing back. the dow ending the day in triple digits up 114 points. s&p and nasdaq also closing in positive territory. hi, everybody, i'm david asman. melissa: i'm melissa francis this is "after the bell." we have more on big market movers. first here is what else is happening at this hour. everybody should get out. a strong warning from the commander-in-chief has hurricane florence takes direct aim at the carolinas. president trump wrapping up meeting with the head of fema and secretary of homeland security at the white house. a live update on the storm track and when it is expected to make
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landfall. that is coming. plus eight weeks until americans head to the polls in the high-stakes midterm elections. house republicans unveiling the plans for tax cuts 2.0, as the balance of power is up for grabs. it's a somber day across the nation. tribute pouring in to remember the lives lost on this day, september 11th, 17 years ago david: back to the markets. the dow snapping from a two-day losing streak after a lousy happening with shares of apple, home depot and boeing. nicole petallides on floor of the new york stock exchange. nicole. >> we have optimism from all the great economic news but we haven't seen a big move for the markets. this is the 54th trading day for the s&p 500 because they are balancing the good fundamentals of earnings, great news we got from the jobs report, right? at the same time, on the downside, there are worries about trade. we had somewhat of a back and
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forth action over the last two months but today we managed to squeeze out gains led by apple and technology. so let's take a look at some of the tech titans as they rebound here. there is a look at apple. it's a buck off the highs of 2 1/2%. got a price target raise over at ubs. amazon, facebook, microsoft up arrows. you have obviously the big hurricane coming. that will see more fuel demand. you can see 2.8%, coupled with news out of iran and concerns there we'll have a tighter global supply. here are the hurricane stocks. so people are preparing. they're boarding up. they're buying materials to get ready for this category 4 storm. maybe even a category 5. all-time record highs for home depot and lowe's. generac generators, four-year high.
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look at sonos which dropped significantly, down 22%. this is a $15 ipo in august. run-up after the quarterly report. a revenue miss. there are some concerns that the new products are just not seeing demand, not gaining traction. we'll watch that one. back to you. david: nicole, thank you very much. melissa. melissa: major movement on the trade front. chinese tensions rising with the united states as the canadian delegation is resuming talks this hour in washington. edward lawrence live in d.c. break this all down for us. reporter: in fact, melissa, right now the canadian minister of foreign affairs is going in for the second meeting of the day with u.s. trade representative robert lighthizer. president donald trump during his hurricane briefing addressed where we are with nafta. listen to what he shade. >> with canada, they want to make a deal very much. me, if we make it that's good. if we don't make it that's okay too. canada wants to make a deal. we'll see if we can get them
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into the deal we already have mexico. i think the deal with canada is coming along very well. we've all been dealing in good faith. reporter: major sticking point, canadians won't step off the dairy markets, tariffs on dairy and cheese and milk. arbitration they can go to so to settle trade disputes. canada uses that extensively. and the u.s. got rid of it in the agreement with mexico. democrats have actually from the house ways and means committee sent this letter to the, robert lighthizer the u.s. trade representative. in this letter it says quote, while we appreciate what it takes to iron out final details and text we believe it is not in the spirit of tpa to send congress an official notification letter until all three parties have formally agreed to move forward together
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with an updated trilateral agreement. as we inch much closer to deal with nafta, the rift between china grows even more. apple concerned about mounting tariffs going forward. they asked merrill lynch to look how much it would cost to move all of their production to the united states. that merrill lynch report found that it would be 20% more on an iphone price if all of their production was here. if they move 50% of the production to the united states, iphone increases 14%. because labor is 2.6 times higher here in the u.s. than in china. apple the bottom line for them, if these tariffs go into effect, 25% on $200 billion worth of chinese goods, it would affect almost all of their products saying it would result in lower u.s. growth here and higher u.s. prices. melissa? melissa: edward, thank you. david: here to react. gary kaltbaum, kaltbaum cap pal
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president and fox news contributor and danielle dimartino booth. former fed advisor. gary, the market turned around on good news, i want to focus, start there. 6.9 million job openings in the united states. that is what turned this market around. when i woke up we were to the negative by over 100 points at least in the futures. we ended up over 100. so i think it is just the economy is so strong, you have small business optimism up to levels we haven't seen since reagan administration. i mean that is what is driving this market rather than trade concerns, no? >> most definitely. look it is not the news, how the markets react to the news and there is no doubt the economy, best way to put it is rolling. you combine that with the fact i keep talking about it, interest rates are still ridiculously low around the globe, that's a little cocktail that gets things going. you can see it. we're hardly pulling back when
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the market pulls back. the only thing i would say is about 40 to 45% of the market is not participating in the rally. you have bad action in semiconductors and other places. there is enough good working that i this thing goes. if we get past september and october earnings i expect a bang upside by the end of the year. david: danielle what is driving the market is economic policy. i got to say this is economic policy you did not see in the obama administration. we saw taxes go up during obama. we saw regulations go up. as soon as trump came in he brought regulations down, eventually regulations down. that is what is driving the economic growth. >> absolutely. if you look inside of the internals of the national federation of independent business report came out this morning which is the highest level in the entire record of the survey history, if you look
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inside internals, more companies are anticipating capital expenditures. more businesses anticipating hiring more people. we saw in the job opening results in july, looking back a month we saw people willing to quit their job, they have so much confidence there is another job waiting out there, breached the highest level, 2.4%, this is echoed in friday's job report, saw job levers, same category of people, take this job and shove it, i know i can get another one, we saw job levers hit the highs for the cycle which drives this economy, danielle, gary, good stuff. we appreciate it. melissa. melissa: tech stocks rebounding ahead of apple's biggest reveal. they could introduce the biggest iphone ever. the event will be more about than just phones. deirdre bolton has all the details. deirdre, are you getting a brand
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new phone? >> i am probably not because "super-size me" could actually be the name of apple's event tomorrow. i'm somewhat addicted to my somewhat smaller screen. melissa: okay. >> analysts say apple will announce three new phones, two of which have really big screens, melissa. we can compare them to pop-tarts. they will be much bigger than a poptart, a metric all techies can agree on. one iphone has a 6.1-inch lcd display. that is bigger than any of the iphone plus models. it is bigger than the iphone x. there will be pricier, even bigger iphone with a six 1/2 inch display. that will have advanced oled technology. as a nod or poke to samsung, it is ever so slightly bigger than samsung's galaxy note9 which has a 6.4-inch korean. they will have iphone x with
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faster processer and more bells and whistles. analysts say this will be the priciest release yet. phone prices that start around $800. could go as high as 1200 depending on not dead. apple's decision to bet on big screens, encourages people to use phones more than just phones, watching netflix and watching hbo and the more we all use apple's services, business services, app store subscriptions the more money apple makings to the point where morgan stanley put this in their research where this is apple's big bet on future. there is are 1.3 billion phones walking around the world on all of us and every time we have one apple gets $30 per device, per year from app sales and music subscriptions any other offerings and morgan stanley is saying that whole services component is probably going to be about 60% of apple's revenue over the next five years. so this is a big shift for the
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company, even though we may not exactly feel it, other than to say, hey, these phones are bigger, melissa. melissa: i stopped carrying my ipad because i have a iphone x. >> that's right. melissa: you don't need it. i stopped using one product. 30 bucks, i spend a lot more than that with apple itunes and all that kind of stuff. >> me too. melissa: thank you. david: i still have my iphone 6 by the way. millions of americans bracing for what is likely to be a catastrophic hit on the southeastern coast. hurricane florence threatening to strike as a category 4 storm and it could be the costliest to ever hit the united states. fox news meteorologist adam klotz is in the weather center with the very latest. hi, adam. >> hey there. it's a big storm and it is continuing to strengthen. winds currently at 130 miles-an-hour. it is will get a category 5 next 12 to 24 hours. winds get up close to 140, 150
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miles-an-hour. ultimately the wind speeds may die down a little bit. that is the current projections, looking at winds by the time you get to the close, closer to 120 miles-an-hour. it would make landfall, currently projected to do so early friday morning. that is the timing on the system. there is a little bit of indecision, what it will bring for sure, no matter what the wind speeds are a ton of storm surge. areas getting up to six to 12 feet of storm surge. there are a lot of low lying areas especially portions of southern north carolina. the storm surge might not just affect the beach but run inland. flooding will be an issue with this system. another reason flooding will be an issue, not just storm surge but will be rain. we have a nice tight line of potential storm paths stretching anywhere from charleston all the way up to the outer banks. what happens once we get off the coast of north carolina? we start to see a little bit more indecision.
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perhaps some of the storms stall out or perhaps the storm stalls out. in that case you see a bunch of rain. this is the rainfall projections. this is just one model. we're talking areas, maybe getting up to 20 to 30 inches of rain. this could be a major flooding event, guys. david: adam, thank you very much. melissa. melissa: preparing to respond. the president wrapping up meeting with the head of homeland security and fema. blake burman with the white house. reporter: kirstjen nielsen and is here, and vice president mike pence as well just a little while ago in the oval office. one of the main points of that, get the president involved, let him know where things stand, how the coordination efforts are going and so forth. the president opened this up, at least the tail end to the media. so brock long could stand there and sort of take questions, really get his message out there as what people in that region should be looking for, what they
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should be watching for, how seriously they should take this the president warning at one point after receiving the briefing that it could be the worst storm in decades and it will be quote, tremendously big. >> the safety of the american people is my absolute highest priority. we are sparing no expense. we are totally prepared. we're ready. we're as ready as anybody has ever been. reporter: you heard adam outline there all of the various scenarios that could take place. the big questions being where does this hit, when does this hit? the rainfall totals, the storm surge, et cetera. but brock long also warned that after this storm hits, wherever it hits, the power could be out for weeks. we have seen that, melissa, and david, other major storms that unto the natalie hit the united states. that is the warning a little while ago from the oval office and head of fema.
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melissa: blake, thank you. that is rough. david: it is the most powerful hurricane to take direct aim on the carolinas in almost 30 years. millions of americans are leaving their homes and businesses behind. later this hour we'll speak to the mayor of myrtle beach, south carolina, how she is preparing residents in her area to stay safe. melissa: a day of reflection as we remember 9/11 and the 3,000 lives that were lost. president trump praising the heroes of flight 93 in shanksville, pennsylvania. traders participating with a moment of silence in the new york stock exchange. tributes to the fallen next. [moment of silence] [bell ringing] you're headed down the highway when the guy in front slams on his brakes out of nowhere.
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♪ melissa: today the nation remembers terror attacks on september 11th and horrible toll it took on our country 17 years ago. nearly 3,000 souls were lost when hijackers flew planes into the twin towers, the pentagon and the field near shanksville, pennsylvania, president trump visiting the field today, paying tribute to the victims. >> on september 11th, turn, a band of brave patriots turned tide on our nation's enemies and joined the immortal ranks of america's heroes. at this memorial on this sacred earth, in the field beyond this wall and in the skies above our heads we remember the moment
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when america fought back. david: one company paying tribute to the lives of those lost 17 years ago is bgc partners holding it the annual september 11th charity day and promising to donate 100% of its global revenue to the cantor fitzgerald relief fund, honoring the financial services firm that lost 658 employees in that single attack. lauren simonetti is live with details. hi, lauren. reporter: hi, there, guys. can you imagine, 658 of your colleagues, your family and your friends gone just like that? this company, this firm, really had to rebuild. there are actually children of parents that worked here 17 years ago that work here now. so every year on this day 100% of global trading revenues, that was $10 million last year, at the end of the day now, i'm being told that the numbers are
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looking really good. it started slow and finished nice, but all-in $147 million being raised for the relief fund and dozens and dozens of other charities. one way they bring in the money is, they get athletes and celebrities to come here here. >> these folks contacted me before coming to new york, come on down here for 17 years, raising money, started off for families of victims that were lost in september 11th 2001. money goes to that. good reason to be here, do some trades. do some haggling. >> you come out and meet a lot of people benefiting by 9/11. what i like about this day, you turn that into something pretty amazing. reporter: add victor cruz, run run-dmc, dr. ruth, the list goes on, an amazing day. quite honestly the bigger talent, more money they help
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bring in. all of that goes to a good cause. with that, i send it back to you guys. david: lauren, thank you very much. melissa. melissa: pushing for a second round of tax cuts, republicans work really hard to give americans even more of their hard-earned cash. will it become a reality, grover norquist with the americans for tax reform, he is the president. he joins us coming up. as we are nearing the midterm elections socialism is rising on the left. our political panel weighs in on how this will impact the results. ♪ ... 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. now that you know the truth...
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david: with just eight weeks to the midterm elections, democrats continuing their shift to the left, now led by former president obama. take a listen. >> democrats aren't just running on good old ideas like a higher minimum wage, they're running on good new ideas like medicare for all, giving workers seat on corporate boards, reversing the most egregious corporate tax
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cuts to make sure college students graduate debt-free. [applause] david: joining me to discuss is charlie hurt, "the washington times" opinion editor, doug schoen, former clinton pollster. both are fox news contributors. charlie, first of all, last week it, was kind of lost with all of president obama's attacks on president trump it, was kind of lost that he was adopting bernie sanders's economic platform. >> yeah he sure was. what is kind of interesting about that it kind of reminds me of the old hit on him from leading from behind. of course when barack obama first got elected president there was, he had a lot of good wil built up. he had run a wonderful campaign. a lot of people were rooting for him to succeed. the country had not become divided the way it was at the end of his presidency. he had two years where he, democrats controlled the white house, they controlled the house, and they controlled, had
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a filibuster-proof majority in the senate. they could have passed whatever they wanted to pass. if they wanted to do free college for everyone he could have done it back then. if he wanted to do medicare for all he could have done it. david: not to mention immigration. doug, the point, what is happening now, when tom perez couple weeks ago socialism is the future of the democratic party, now you get president obama essentially endorsing that same attitude. >> i'm not sure he went that far, david, but certainly to be fair he went far enough. for old-style, henry jackson democrats like myself, it is somewhat unnerving. most people, other than millenials, remain capitalists. i do. and this medicare for all sounds great but how do you pay for it? but it's a base election, david. this is to get the core faithful and millenials out, not to appeal to the swing voters. david: charlie, let's face it, we dumped on the democratic side. you got to dump a little bit
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what president trump is doing. he has this extraordinary economic success story to talk about. clearly it is different from what happened under president obama no matter how much obama tries to change that yet instead of just focusing on this real economic boom like we haven't seen in 40 years, he gets distracted. >> he does get distracted but have to say but i can't help but think sometimes he gets distracted, he reflexively, not very helpful, responding to something you see in the press. when you see a book like bob woodward's book, about all this nonsense, palace intrigue, the president whips it up by paying any attention to it whatsoever, but when the white house responds to that stuff, this is what we have accomplished and they point to all of their success with the economy, that is the way you come back to stuff. voters sitting in america, look at this, you know the palace intrigue stuff is entertaining
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to somebody maybe. we don't care about that. we care about the economy. as long as they point to good success there, i think they're in pretty good shape. david: well, i don't know, doug, a lot of trump people dismiss maxine waters when she goes on some of her rants and it sounds silly when she is ignoring the economy and so forth, however, i'm wondering if she does energize the democratic base? as silly as a lot of her rants and other people on far left of the democratic party, are they helping to bring out the base that may win in the midterms? >> well it is clear, david, the energy in this election is with the democrats. i think maxine waters goes way too far. she certainly not a leader of the democratic party but as you said before, the energy, the enthusiasm, the messaging, and the policy proposals are all on the left and so far given the polls, it appears to be working at least in the house. david: well the. david: generic polls are not
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looking good for the gop. we will leave it there. melissa. melissa: bracing for impact as millions leave coastal areas as hurricane florence barrels towards the u.s., dangerous, winds, torrential rains and widespread flooding are expects when the monstrous storm makes landfall. we'll talk to myrtle beach mayor brenda bethune on how her city is preparing for the worst. that's next.
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david: hurricane florence making its way toward the southeastern u.s. as a category 4 storm. millions of americans are currently evacuating coast lal areas. our own jeff flock on the ground in atlantic beach, north carolina with the very latest. how does it look there? reporter: i'll tell you, they're battening the hatches down. this is homer's point marina and restaurant and maybe you can tell those boards have been up there before. you come on back this way, maybe you see the scene, climb up here a little bit. they had 70 marinas -- hey, mike. you have been through hurricanes before. almost all the boats are pulled out, is that correct? >> that's correct. we have only a few left. reporter: you've been through a lot of these? >> a fair number of them. reporter: how does that stack up? >> it appears to be the worst one. we hope and pray it turns offshore. >> you will not try to ride this out? >> we go across to moorhead.
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reporter: we're and a barrier island. we'll see the mainland. you may get where we're flooded. >> not where we're going i don't think. we hope not. reporter: a big tower. talking about 20 feet of surge. you see where the water is now. do the math. david: where are you going, jeff? reporter: we have secured a place right on the beach that i feel is strong with steel and concrete. we'll watch it all float by. see if florence shows up. david: jeff flock, thank you very much. melissa. melissa: on the phone we have myrtle beach, south carolina, mayor, brenda bethune whose city is preparing for hurricane florence. thanks for joining us. >> thanks very much. melissa: what are you expecting? >> we're preparing for the worst, praying for the best. that is really all we can do at this point. we've been preparing since sunday pretty much around the clock. we will continue to do so until the storm hits us.
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melissa: yeah. in terms of your local forecasters, what are you expecting and, you know, what have you told people to do? >> well looking at all of the models this storm is so massive and it really is not going to only impact wherever it hits, it will impact a much greater area than that. so we know that we will be impacted and we are following governor mcmaster's orders to have a mandatory evacuation and strongly asking people to adhere to those orders. it is critical that we get people out of town. that they get to somewhere safe and that they do so in a timely manner. so dangerous to wait until the last minute, because a lot of the times people don't realize if they're stuck in their homes, if they wait too late, we aren't going to be able to send emergency personnel out to help anyone at some point. melissa: i know it is so difficult. whenever a big storm is coming,
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it seems like the weather is beautiful right beforehand. people have a hard time imagining, even when you look at the models, you are imagining what is really coming, and how tough it is going to be. are you getting the support that you need? the president was talking a short time ago. i mean your state has lept into action. do you feel like you're getting everything you need or is there more? >> i absolutely do. governor mcmaster has been incredible. our county government, we're all working together as a team. i think that is so important. and we do know that we have the president's support. i have had several phone calls today, from different agencies, expressing to us that they are giving us the assurance that they will be there for us. and we will be there for our neighbors as well. we're all in this together. it isn't just about our needs. it is about all of us helping each other. melissa: as we're talking to you we're watching the images of
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space of this massive storm. we're watching the models as well and there is always two faces to these big storms. there is weathering the initial impact and damage that comes from that and then there's the aftermath. that is a part a lot of people think about, how long it takes to restore power. how long it takes to get around. that is the other part of evacuating if you make it through afterwards, it is really tough. what would you say to people to tell them to prepare for what's coming? >> the main thing is, to be patient. be patient with the evacuation process. of be patient with the reentry process. as well as the recoverry. we can only cover some things at one time. it is such a moving puzzle at this point. there are some pieces to it. and having everyone patient and understanding will be key to
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that, and just know that we are doing the very best that we can and we are going to work diligently, especially after the storm, to get people back in their homes as soon as possible, but to insure that our city is safe before we do so. melissa: absolutely. we will be thinking of all of you. not only your residents but all of the first-responders, all of the people there like yourselves, putting in all these hours to keep your community safe. mayor, thank you so much for coming on. we will be praying for your community. stay safe. >> thank you so much. david: you know, it is not all attitude of course. but attitude is important. she seems to have the right one. melissa: that was so smart. be patient. i thought she was going to say everybody get out. that is really the challenge in these things, but especially in the aftermath and stuff, so frustrated how much things change it is really hard. david: hang in there. the positive impact of tax reform, meanwhile. house republicans pushing forward phase two of tax cuts as americans continue to reap the benefits of the first round.
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so can lawmakers get it done before the midterms? grover norquist, americans for tax reform president joining us next.
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david: power of tax cuts as house republicans unveil a plan to lock in individual rates. the positive effects of the first tax cuts are still flowing in. today we got word that the job openings grew to an as astounding 6.9 million. that is a record. small business optimism topped the previous record set under ronald reagan. the man who predicted such effects on this very show joining us now, grover norquist, americans for tax reform president. grover, my daddy used to tell me, listen to the people who get it right and ignore the people who get it wrong. that is why we have you on here. other than that making the individual rates permanent, something that democrats were calling for, what does what does
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tax cut part 2 do? >> it makes it easy to for people to save free. it sets up efforts that the ira, education savings accounts can come together and be more portable, be larger, and allow to you save more tax-free for your retirement and for day-to-day expenditures, education expenditures. it will simplify and expand tax-free savings and increase total savings in the country. david: what is extraordinary, grover, forgive me for interrupting, democrats are criticizing this, these are more tax cuts for the wealthy. what you're describing are benefits for the average person. >> yes. there are certain lower taxes for people starting businesses
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investing in your small business, if you need to raise money for a small business venture. these are very, very interesting ideas. i think they are helpful to the economy and job creation. i think there will be additions to it as we move forward. david: what about, what about lowering the top rate? reagan year, he brought down the top rate, that gave another gust to winds of the economy. will we get something like that? >> i think in this bill probably not. this is something to show what the republicans can do if they get reelected if they win the house, senate and presidency. the most important thing they're saying in the bill which are good and fine and helpful and pro-growth, every single year you have republican house, senate, president, there will be a tax cut. we had a big one in 2017. we had 30 billion-dollar tax cut in january of 2018. we'll do one each year, every
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year there will be more tax cuts. and the good news is, if you got one that hasn't been done yet, get in line. we'll not do it every 30 years. we'll do every year in the future. david: one thing the president may do on his own index capital gains to inflation. a lot of people are looking forward to that. not just the wall street folks, people with a second house, that might keep more of their gains from selling that second house, et cetera. >> absolutely. half the country has a house that may benefit and others are in 401(k)s and ira's. that could help the election and could be a tremendous boost. the president wants to do it. treasury secretary says he has the authority to do it. we need to share with him how much it would help bring in
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revenue. which every tax cut on capital gains has done in the past. david: finally, this is the memorial for what happened 17 years ago, 9/11. many people forget that that happened right in the middle of a recession. we had the dot-com blow up. we had a number of things. there were accounting scandals, et cetera. then we had 9/11, yet we recovered remarkably quickly. the stock market recovered two months after the actual attacks, et cetera. part of the reason why which had tax cuts. we had a 2001 tax cut just before 9/11. then we had 2003 tax cuts and economy in 2003, 2004, 2005, well over 3%. some of those years over 4%. >> absolutely. every time we cut marginal tax rates we see stronger growth
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than anticipated. every time when obama raised taxes, nixon raised tax, we saw the economy slow. it is obvious how the economy works. it is sad that the democrats keep coming back threatening to raise taxes. a tax increase is a pay cut for every american. david: right, on my records, i have 2003, 4.3% growth for that particular year. so it was, you know tax cuts work. it is that simple. grover norquist, good to see you, my friend. thank you very much. >> good to see you. >> appreciate. melissa: u.s. residency, new concerns that a u.s. immigration program racked with fraud and national security risk. a way for rich people to buy their way into the country but is that fair? james freeman from "the wall street journal" is here to break that down for us. that is next. ♪
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melissa: visas to millionaire. the controversial eb-5 program is set to expire at end of this month. it is facing sharp criticism over fraud, abuse and national security concerns. here so discuss it all, james people, assistant "wall street journal" editorial page editor, fox news contributor, a author after fantastic book you must buy immediately, borrowed time. >> thanks. great to be here. melissa: this is fascinating program. this one doesn't get a lot of attention. set to expire by end of the month. a lot of big developers invest in this. you invest in a property above a certain amount, you are able to get a visa based on that. people say it is unfair, you're basically buying your way into the country. on the flipside, you're inviting someone ever means is who isn't going to be a drag on the social welfare system. they have proven they have money
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to take care of themselves so they don't qualify for the free stuff that america is giving away. >> yeah. melissa: what are your thoughts on this. >> it is not a big problem, but i think it is useful to try to have a new discussion about immigration. melissa: yeah. >> i think obviously there has been a lot of coverage, focus on politics about building walls, keeping people out. as we look around the world, if there are talented people with lots of money want to come here, should we make it really hard for them to come here? i'm for kind of letting talented people in whether or not they have money. melissa: right. >> but if you look at someone in this case in this program, it is basically you have to put money where the government wants you to put it. there are lots of rules. the bureaucracy sort of directs, politicians direct areas they want investment to go to. melissa: that is true. that is annoying. >> a lot of people come in i want to invest in this hotel in new york. it is very good area, high trafficked area. they say no, you have to invest in some other area where the
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politician wants. that is sometimes where people get into trouble but i think if we're thinking about an economy that is now working, we just, you've been talking about how well this is going. highest number of open positions ever. employers month after month after month reporting they can't fine workers, maybe this is the time to think about letting in more people who want to work. melissa: that is what immigration reform is supposed to be all about. about this idea, one of the most frustrating things, you hear about it in the audience, people in silicon valley, anyone in tech where come to this country, get their degree but they can't stay and work, there are not enough of those visas. hire americans. they say not enough americans have been trained to do this. so they would be hiring people outside of the country. >> right. melissa: sort of like at what point do we start, you hear the president say we want more peep, we want good people. i guess with all of these systems though, you could see how people with bad purposes could exploit them. terrorists have a lot of money
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behind them, a lot of times. >> yeah. melissa: they could send someone in who is dangerous. we have to able to vet that. same thing with degrees. you could send a chinese spy to come over and get a degree and stay and bad stuff could happen. >> we wan to screen for national security, we all agree with that, having done so, why not more people with engineering degrees especially got them at u.s. universities stay here? why should we send them whack to their own country. rich people in china want to get out, bring their money with them, there are many of those people, why don't we want them in the united states? i'm hoping as this economy picks up, we see, it is really a lack of people we have right now. now some of that is encouraging people to come off the sidelines and get into the economy. it's a great problem to have and i'm hoping people will start thinking more about how do we really benefit from the fact that talented people of the world want to come here. melissa: even with the investment, a lot of builders
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make the argument they can pay workers in the u.s. building the building more because they're getting financing cheaper from outside sources that want to come in to buy the visa, they spread the money. that is the argument. i don't know if it is true. thank you, david. david: borrowed time, his book, 100% of the reviewers give him five stars. 100%. melissa: nice, nice. "borrowed time." we love it. >> thank you. david: bonding over breakfast. the leaders of russia and china kicking off their morning with some friendly flap jacks. you won't believe it. we have got the video coming up. ♪ don't live on mars. (beep) you build wind turbines. supply car parts to thousands of cities. answer millions of customer calls a year. like this one: no, i didn't order this. it's terrifying. ...
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melissa: pancakes, and vodka. david: sounds good the russian president vladimir putin and chinese leader took a break from the heavy lifting of an eastern economic forum in russia to tariffs pack canes. melissa: clearly none of these guys have ever cooked before
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look at this you have to do it fast. that's the only way it worked these guys never cooked in their lives. david: not to mention they're two communist leaders who have nuclear weapons kind of scary. melissa: there you go that does it the evening edit starts now. president trump: this is going to be a storm that's going to be a very large one far larger than we've seen in perhaps decades. the places that are in the way and in the most jeopardy would be virginia, north carolina, south carolina that area, and again, they haven't seen anything like what's coming at us in 25-30 years, maybe ever. liz: the president earlier today on hurricane florence the carolinas and virginia now right in the bullseye of hurricane florence, it is strengthening into a dangerous cat 4 hurricane that could hit thursday night, potentially 20 million people at risk in m

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