tv Kennedy FOX Business November 1, 2018 12:00am-1:00am EDT
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mike pence. we're going to be talking about the caravan. we're going to be talking about the birthright issue. we're going to talk about this crazy media that's labeling him and the president all kinds of things. the midterms, the economy. lots to discuss. i'm looking forward to see you right here tomorrow night. >> this battle over birthright citizenship is exploding on the campaign trail. we're less than a week before the mid terms. the question, does it swing the vote to republicans or just divide the republican party when they can least afford to be divided? good evening to you i'm connell mcshane, filling in tonight for kennedy. president trump has suggested this week he could end birthright citizenship and do so with an executive order. legal scholars are skeptical in many cases, most seem to say the 14th amendment guarantees citizenship to anybody who's born here. there are some others who do
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claim the language in the amendment is open to interpretation, regardless, the president doubled down -- >> and the democrats want to continue giving automatic birthright citizenship to every child born to an illegal alien. [booing] >> even if they've been on our soil for only a matter of seconds. hundreds of thousands of illegal immigrant children are made automatic citizens every year because of this crazy policy, and they are all made instantly eligible for every privilege and benefit of american citizenship at a cost of billions of dollars a year. that's what it costs. billions. >> here's the problem or one of the problems in all this. this gets to dividing the party. some republican leaders don't agree, those leaders include the house speaker, paul ryan, he said this yesterday. >> you obviously cannot do
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that, you cannot end birthright citizenship with an executive order, we didn't like when obama tried changing immigration laws. >> that did not please the president. he tweeted this -- now if all this is not enough, how about this, some old video surfaced of the former senate majority leader, harry reid, a democrat, and prominent one at that railing against birthright citizenship from back in 1993. >> if making it easy to be an illegal alien isn't enough, how about offering the reward for being an illegal immigrant. no sane country would do that, right? guess again. if you break our laws by entering this country without
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permission to give birth to a child, we reward that child with u.s. citizenship, and guarantee a full access to all public and social services this society provides. that's a lot of services. >> reid put a statement out today saying he was wrong back then, against the president's plan now. so is this birthright citizenship a winning topic politically for republicans or just a distraction in the homestretch. six days before the midterms, joined by the former special assistant to president trump, former press secretary to vice president pence, mark lotter. mark, got to see you this evening. thank you for coming on. how do you look at it politically, winning issue or distraction? >> i think it's a winning issue. the americans who elected donald trump in the first place wanted a secure border. this is one of many loopholes as senator reid identified 25 years ago before it was politically unpopular. he identified it correctly 25 years ago and it's been 25
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years and still not been fixed. this is a president who believes in defying conventional wisdom. he's going to get it fixed. >> is it something he can legally do? what's your view on that? we heard from a number of legal experts who say you can't do this by executive order have, to have act of congress or amend the constitution? >> i don't think you have to do either. i'm not a lawyer so i'll say that right up front. >> stay out of that. >> there is a very fundamental difference between what president obama did. he rewrote actual federal law when he did daca. there has been no written federal law, no precedents set by the supreme court when it comes to whether the 14th amendment applies to illegal immigrants. in fact, can you go back to 1886, if i remember correctly, and the actual author of the 14th amendment said on the floor of the senate that it didn't apply to foreigners and aliens. so there is room for
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interpretation. either way it's going to the supreme court whether congress does it or the executive order. >> the supreme court ruling from 1998 that all children born here are eligible to claim citizenship. i understand your point that it doesn't open up the interpretation to illegal immigrants. that's for legal scholars, the back and forth on legal issues for them to all discuss, but to your point, mark, if it happened, it would be going to the courts. probably, you're right, it goes up to the supreme court, which begs the question, we're a few days ahead of the midterms, how is it anything but political, to throw it out there. is that what the president is doing? throw anything he can to gin up and get the basic side and get them out to the polls? >> this is once again -- the president mentioned this on the campaign trail back in 2016, and this is just him reminding people he's going to deliver on another one of his promises. so whether he works with congress and he did say today outside of the white house, that he would prefer congress
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to do it, but he is prepared to do it via executive order if that's what it takes. so he's throwing the ball to congress. senator graham said he will file a bill to do exactly what the president has talked about and what senator reid mentioned 25 years ago, and we'll see if they can get it through. if not, he's prepared to take the action. if not, another promise made, promise kept. >> how are you feeling about the midterms six days out, and immigration, whatever you think the back and forth, that's the issue the president highlighted is the issue. is that working? what's your feeling? >> think it's one of the big issues that is motivating and many states one of the top issues that mentioned especially by moderate and republican voters. so it's something the president has been working with congress, encouraging congress to do something about, and they just are used to do it. >> you don't think it's overreaching the moderate
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voters? >> i don't think so, he's sending troops to the border to stop a caravan of thousands of people not coming seeking asylum, they're seeking work. there are felons and people with bad intentions in that group, we know this to be true, but if he sends troops there to protect our border, he's doing what he said he would do, protect be our border. >> good to see you, new fox polling. president trump is indeed ratcheting up efforts to stop the caravans. migrant caravans from central america that mark had been alluding to, two days after he ordered 5,000+ troops to the border. the president announced the number of deployments could double or triple. >> as far as the caravan, which is very dangerous, you see what's happening. as far as the caravan is concerned. our military is out. we have 5008, we'll go to
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10,000 to 15,000 personnel, border patrol and i.c.e. at the border. nobody is coming in, we're not allowing people to come in. >> critics are calling the president's border plan a stunt. just try to gin up a base before the midterms. however, the defense secretary james mattis says he has a message for anybody who doubts the sincerity of the mission. >> the support that we provide to the secretary for homeland security is practical support, based on the request from the commissioner of customs and border police, and so we don't do stunts in this department. thank you. >> national security experts do say they're concerned, putting all our resources in one area could allow drug cartels to exploit lesser patrolled
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regions. so is the president stopping a national security threat by sending troops to the border or maybe creating a new one? former cia officer and president of the firm diligence llc, mike baker joins us. mike, good to see you. haven't seen you in a while. >> happy halloween, connell. >> happy halloween, you're going as a former cia guy. >> you know what? i'm actually dressed as a semi lit rat pundit who doesn't know much at all. [laughter] >> you are pulling it off. >> trick-or-treat. >> not bad! on this issue, couple things on this issue. take up the first question that i raised that some people have come on our air and said that you are focusing on this one area, you open up another area for drug cartels or whatever the case might be. take that first, what do you say? >> we can multitask. we have the resources so it's not as if we can't devote resources to multiple locations at the same time. the good thing about having the military provide a -- what essentially is a logistical
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role, right? this is not the front lines, providing a support role. the good thing about that is the ability to monitor the movement of the caravan, provide imagery and information on where the caravan is actually moving towards. that allows them to actually to deploy resources for homeland security to more efficient fashion and also having the troops down, there let's face it, if that whole caravan and maybe the second one following in behind, if they show up, we're going to need all the logistical support we can get to ensure that this doesn't turn into a goat rope in terms of handling and dealing with the number of people, processing those that actually deserve amnesty and dealing with those that don't. this is a difficult situation. >> i get all that. i just think -- and i'm not going to pretend to be an expert on what number makes the most sense on certain military
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challenges, but when the president said 5,000+, boy, that's a lot, given how many people in the caravan. when he said 15,000, i said that must be overkill. your view? >> yeah, i tried not to parse the words of the president tweets out and says or talk about when he's on his way to air force one or marine one. you know, but in terms of the actual number in the caravan that gets to the border, you know, who knows, at this point. it's better to be prepared. i would argue that, and again, knowing, look, the democrats are going to try to paint the military participation as militarization of this, and they're all showing up with guns and gear and they're going to turn them away at gunpoint. that's not the point. but the democrats at least a lot of them are doing what they've done successfully for quite some time, they take a policy issue or factual discussion and turn it into a good versus evil and position
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themselves as good, therefore, if you disagree or do anything that they disagree with, you're evil. that's where we've gotten to and that's one of the reasons why we can't have a rational discussion about this. there is nothing evil about insisting on proper border controls. every nation does it. i came back from mexico, they have very strict border patrols and immigration policies. >> the president says maybe they didn't do enough with the particular caravan of migrants in mexico. >> they know they're heading someplace else. >> moving through the country. what about the timing of that? you said the democrats play politics, i get that as well with this now. president's critics have said and you heard secretary mattis respond to this, this is nothing more than a political stunt. and one of the things they point out is the timing, mike. you have the caravan coming. we understand that. migrants, we understand that maybe you won't allow people to walk across the border.
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okay, fine. they're not coming tomorrow and not coming until at best weeks after the midterm election which so happens to be next tuesday. that looks to some to many critics of the president like a political stunt. is it? >> right, if you pause at that argument, then you have to take it to its logical conclusion which is somehow the republicans or the trump administration promoted this caravan. that's ridiculous. we know that leftist groups have been funding and organizing and helping with communications and transportation are in caravan and the second one in behind it. that's not in question. so if you're saying that the trump administration is using this for political purposes. how did the caravan get started and what was the purpose once they knew about it. >> the accusation, once they knew about it, they tried to take advantage of it. we have to go now. >> sure, i'm just saying both sides are playing the same game and as always the problem we've
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got is nobody lives in the center. we're not having a rational, logical, grown-up conversation about this. >> we tried here. >> in this country. and we did very well. and you are dressed up as an adult tonight. >> and you were semi literate. happy halloween. good to see you, mike. >> i would never say that to him in person. potential development in the russia investigation and emphasis on the word potentially in this new report out claiming robert mueller subpoenaed president trump, right? the white house says no, not true. fake news. what happens next? alan dershowitz will be here. alan dershowitz will be here. he'll explain it all as we come hey guys. today we're here to talk about trucks. i love trucks. what the heck is that?! whoa! what truck brand comes from the family of the most dependable, longest-lasting full-size pickups on the road?
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. connell: so there could be some big news on the russia investigation tonight, but that really depends on who you believe. there's a new piece on politico, an op-ed that claims special counsel robert mueller may have already subpoenaed president trump to testify before a grand jury. lot of speculation in this piece, it says the president's legal team has been fighting the motion since the middle of august but the president flatly denied the report when asked about it today by reporters. his lawyer jay sekulow took that a step further saying, and this is a quote, the report in
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politico is completely false, no subpoena issued. no litigation. special counsel has been silent in the weeks heading up to the midterm elections, which many legal experts say is customary for the justice department with an election so close, but after 17 months now of investigating and millions of dollars in costs, there's mounting pressure politically on mr. mueller to wrap things up. so did the special counsel subpoena the president? if so, what would happen next? the attorney and the author of the case impeaching trump, alan dershowitz is here in studio which is terrific. thank you, sir, for coming in. >> thank you. connell: first on the politico piece, what's your impression of whether the president was subpoenaed. >> i doubt it. we'd know. there would be major open litigation. the president would say you can't subpoena a sitting president, if you can, you can't ask me questions about motives, you can't ask questions about why i engage in constitutionally protected
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acts. weedi weeding -- we'd be litigating for the next year or two. connell: whether the president can be indicted. >> almost certainly no. first, the justice department has a rule that says no, the text of the constitution seems to suggest you have to wait until after a president is removed or leaves office before you can indict, and third, you can't indict a president for exercising constitutional authority, firing -- >> the comey firing. no matter what the motivation for the firing is? >> that's right. best evidence of that is george w. bush who was motivated by a desire to stop the investigation when he pardoned caspar weinberger and five other people, and the special prosecutor said he was motivated by a desire to stop the investigation, and yet there was no thought of obstruction of justice. connell: let's go to the idea of the president being subpoenaed to testify. would you expect that to happen after the midterms if it hasn't happened already?
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>> it might, if the president and his lawyers can't come to an agreement about questions. ultimately, the president has the obligation like all citizens to respond to a subpoena. president clinton had to respond. president nixon had to respond, and the supreme court has validated that, but they haven't spoken to the microissues of what questions the president appropriately may refuse to answer. connell: right, and the president wants to pick and choose the questions, right? and do so in writing, i suspect. that's what they've been looking at, i guess. >> every prosecutor would rather have the person in their lives so he does go offscript and commits the serious crime of lying to prosecutors. >> maybe we hear some more about this after the mid terms. makes sense. interesting to get your views and i think people know this by now, you are not predisposed to be a supporter or fan of the president. >> no. connell: by any means.
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we were talking about immigration before you came on. i am curious whether you support the president or understand his view her on the birthright citizenship issue? >> i think there are two issues. if a person is born to illegal citizens and lives in the country, there's nothing you can't do. you can't take away citizenship because he was born in the country and subject to the jurisdiction of the country. but if a tourist comes to the country and has a baby and leaves with the baby and 30 years never come back, i don't think that baby is necessarily a citizen. that baby was not subject to the jurisdiction of the united states. that hasn't been tested. >> there is no precedent on that. >> no, but the important issue, numerically is what do you with the children of illegal aliens. that is a slam-dunk, you can't do anything about that because they are subject to the jurisdiction of the united states. but if they leave and never subjected to jurisdiction -- connell: subject to the jurisdiction, if they're here
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illegally. >> of course, they can commit crimes. pay taxes. all of these things are obligations of anybody who lives here legally or illegally. i think that's a non-starter. but on the issue, which is a minor issue of what happens if the people leave the country having -- the president mentioned this, you can be in the country for a second and be a citizen. that's a reasonable argument. connell: that's an interesting back and forth, and we'll have to come back to this. good to have you on both topics. alan dershowitz. the mail bombing suspect cesar sayoc make another court appearance, he's accused of mailing 15 potentially explosive devices to a number of high-profile critics of president trump. today we learned how long he's been putting together a target list. the fox business network correspondent hillary vaughn is on the story, joins us from l.a. what's the latest. reporter: hey, connell. bomb suspect accused of mailing a dozen packages containing
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hand-rigged explosives found out has been plotting bomb threats for months. according to prosecutors on the case. according to papers filed in court. prosecutors call suspect cesar sayoc's bomb spree a domestic terror attack and found evidence on sayoc's laptop and cell phone dating back to july 26th of this year a calculated plan to target several victims. sayoc drafted a list of over 100 targets and searched the internet for information like addresses. riddled with typos and included the following. he searched for things like, quote, hillary clinton home address. that's misspelled. address for barack obama. eric holder wife and kids. john brennan, wife and kids. on sayoc's phone, investigators found downloaded photos of billionaire george soros. a picture of former president obama's home and a snapshot of
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a driver's license they believe belongs to former first lady michelle obama. authorities say though the bombs were not expertly pieced together, they were designed to inflict maximum harm including shards of glass in the packaging. there were a lot of targets on sayoc's list that remain and would not have stopped his plan to mail more dangerous devices if authorities did not track him down and take him into custody. suspect is set to appear in court at a bail hearing, and prosecutors in manhattan want the judge in florida to hand him over to them after his trial in florida is done so they can then prosecute him in new york. sayoc denies being behind any of the bombs that were mailed, despite evidence and fingerprints found on the packages to be his, connell? connell: hillary vaughn on the story tonight. president trump wrapping up a rally a short time ago in florida, continuing his campaign blitz ahead of the midterms. is it enough to prevent the
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. connell: here we are, six days until the midterms, president trump kicked off this 11-rally blitz. he was in the state of florida earlier this evening. earlier today i spoke to the republican gubernatorial candidate in that state, ron desantis and talked to him whether he thinks the president's trip to his state will help him out. here he is. >> i think it's mostly about are we able to turn out. probably there, is certainly hundreds of thousands, i would say there is a million people who voted for the president in 2016 in florida who don't necessarily vote in midterm elections. connell: we have brand new fox polling tonight, interesting in key senate races. dead heat in arizona, the democrat is kyrsten sinema, the
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republican is martha mcsally, they're both at 46%. missouri, same thing, incumbent claire mccaskill, this will be interesting to watch tuesday night. josh hawley, both at 43%. in indiana, joe donnelly widened his lead over republican mike braun. up by seven points now. only two last time we polled it. talked midterms with the panel tonight. greg gutfeld show host, greg gutfeld correspondent and reporter for "national review" online, kat timpf. reason magazine's editor mat welsh and cabbot phillips are all here. >> great connell mcshane costume you have here. connell: imagine i dressed up as kennedy or tried to. it would have been a career ender. we're six days out. the polls are closed. i thought indiana was interesting that the democrat donnelly looks like he might win that, but overall, the map
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looks good for republicans in the senate. what do you think? >> in that poll in indiana, libertarian had five points. i wonder how many people on election day will go to the republican candidate, remains to be seen. at this point, i'm interested to see what's going to happen in the next six days. when kavanaugh happened, the democrats got a bump there, excitement about the election, the last few days, the trump immigration talk motivated the democrat base more. >> you think so? president is all over immigration, whatever he wanted to say about the merits and talked about them with mark lotter and mike baker, it's political, the president says it's political, i want to make that the election of the caravan. says it's helping the democrats on the issue. what do you think? >> sure, there was a kavanaugh sugar hire, and the last week or two seen the momentum inching towards the republicans stop. indiana is an important case because of the libertarian.
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lucy brenton pulling 6% the entire time. democrats have been sending mailers to republicans saying she's the only real conservative in the race. most of the time at this point in the race, the third-party candidate goes down, she's been staying at 6% and joe donnelly widening the lead. i don't think that trump making immigration the hot button issue is going to work in every state. it will work where politics is important, maybe it works in arizona. also definitely motivating democrats to get to the polls right now. connell: it is interesting, everyone is saying, kat, with the demographics of all this, supposedly suburban women decide the close house races and that is where the immigration argument doesn't work as well. i don't know. what do you think? >> i'm personally not scared of the caravan. i think that trump's done an excellent job of making people scared of the caravan and people are genuinely afraid of it.
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however i think it comes down to voter enthusiasm and i think that's what he's trying to do by making people afraid. if you make people afraid, that makes them likely to go out to the polls. voting is boring. it's important but not fun. you have to leave your apartment and go somewhere where you don't get to drink or buy anything which really are the only two reasons to go anywhere ever, generally. >> like you being here on halloween. >> like me being at work, i'm not drinking or buying anything. connell: we don't believe any of that. >> well, you know. interesting to see he's seeming to ramp up enthusiasm more so on the democratic voter side than the republican voter side. connell: it is working, quick point, we have another topic. >> interesting that's what he thinks where enthusiasm lies, immigration bashing, rather than saying we have a good economy right now. connell: that's kat's point, that's boring to talk about, to be serious, the president feels
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that way and looks at immigration as the number one issue and say hey, got to get them riled up. >> i don't think the democrats have a clear message what they are for beside being anti-trump and resistance against d.c. that might have worked if things were poor in the economy. i don't think it is the number one message they should be pushing. >> the media, talking about the media. first cnn's don lemon, lot of people talking about this, he found a new culprit for the unrest in our country. watch. >> we have to stop demonizing people and realize the biggest terror threat in this country is white men, most of them radicalized to the right. connell: okay, then there's joy behar from the view refer to the president as a maniac, if anybody is causing the violence that we're seeing, well, it would be the media. here he is. >> the far left media has
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spread terrible lies and stories about the trump administration. we are forcefully condemned hatred, bigotry, racism and prejudice in all of its ugly forms, but the media doesn't want you to hear your story. connell: one final point before we talk about all this. jon stewart, the former "the daily show" host says the media is playing into the president's hands by battling him every single time because that's exactly what he wants them to do. >> i love that they have taken it personally. personally wounded and offended by this man. he baits them and they dive. in he's able to tune out everything else and get people just focused on the fight. he's going to win the fight. connell: what do you think, kat, the jon stewart point media types take it so personally, they can't help themselves, fight back every time. exactly what the president wants. >> i think this is never going
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to end because the media and trump are having too much fun fighting with each other. which i understand, i've been in entire relationships like that, they don't end because the fighting is too fun. seriously, they'll say trump is a psycho and people will say that's so brave and so great. look she called trump a psycho and gets attention or trump at a rally will say cnn blah, blah, blah and everybody cheers and the crowd goes wild. they're having a nice time. it's a fight but a party which is totally possible. connell: i guess it's dangerous, what do you think, matt? >> a bad idea when the president of the united states in a tweet that's about a shooting at a synagogue declares that the fake news is the enemy of the people. i don't think that's the appropriate time and venue, dangerous might be a strong word, nba inappropriate to do. media acts inappropriate on a daily basis. that was one sentence from don lemon that started with it's important we stop demonizing people. and this is why people should
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be jailed? it's insane. important when you put yourself in the jon stewart role, we have to be in opposition, you are going to take shortcuts away from the truth. connell: and larger point we in the media take the bait every time. >> to a certain extent the media does feel the need to outdo themselves. it started during the 2016 election, if trump wins, will be the end of the world, armageddon will ensue, that didn't happen. if kavanaugh gets in, they keep doing what they're doing to ratchet up the crazy, bad things happen and america people are starting to see the rhetoric and the results. and trump does play a role in the division, there i think they're both in the wrong. connell: i'm going to wrap so can you go trick-or-treating. enjoy. in a moment, the president saying the economy is red hot but according to stock market will crash and burn if democrats win in the election next week. jonathan
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. connell: one of the closing arguments president trump is making ahead of the midterms is the democrats will essentially bankrupt america, here he is today. >> if the midterms don't do so well for americans, i think you're all going to lose a lot of money. i hate to say it. people waiting on your 401(k)s, they're waiting to see what happens with the midterms. connell: he's talking about the stock market, which as you probably know all over the place lately. just wrapped up a terrible month of october with a nice rally the last couple of days. how about that? the idea democrats would tank the market? fox news contributor and author of textbook americanism, jonathan hoenig is our guest tonight. that's interesting, right? a political argument that the president is making, but the market's been going down anyway, and there's been this debate about why? do you think nervousness over the midterms has anything to do
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with it? >> that certainly does have one factor playing into, it connell. you have to put it in context here. economy is extraordinarily strong. this is unquestionable. unemployment now back where it was in 1969. consumer confidence at near 20 year lows. so the -- connell: highs, highs. >> 20-year highs, exactly. put in a little context here. this has been going on for nine years now, by every stretch of the imagination, we're due for a breather. pointed it out just a moment ago, the stock market started falling. we could get a recession. we could get a slowing economy with or without democrats taking control. connell: people are selling, most of the people that are wall street people saying no, are people selling because democrats win the house. the fed's hiking rates, tech stocks are overvalued. all kinds of reasons, are they selling in your view because they're worried about democrats
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taking the house? >> in my estimation, they're not. a much bigger factor than a midterm race as you pointed out, tariffs, earnings, top of mind for investors, trade, the potential for maybe new tax cuts that is playing a part. but in terms of who wins the election, i think the market has bigger things to worry about. connell: what happens after tuesday, and is it irrelevant who wins? wednesday morning we come in and the expected happens, democrats take the house, republicans keep the senate. then how do you set yourself up marketwise. those concerns haven't suddenly gone away. >> nope, and i think the market moves in big picture trends here, connell. that's what we've seen. the market did well for essentially eight years under obama. also well under trump as well, but the economy moves in very big long cycles. no question, if you continue to go down a road of high taxing, high spending, those economies suffer and we've always seen that throughout history.
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the most prosperous economies are the most free. the political party that keeps us free will keep us prosperous. connell: we have to run, jonathan hoenig. >> happy halloween. connell: same to you. you want to take money off your home. kennedy had an interview with the new netflix host stay here, how can you get rich off short-term rentals. >> if you're talking 6,000, $10,000 a month, that's real money. you can bathe in avocado toast? >> it's a fraction right now, >> it's a fraction right now, but some people making a when i was shopping fothe choice was easy. i switched to geico and saved hundreds. excuse me... winner! that's a win. but it's not the only reason i switched.
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. connell: the online economy is changing the world. how can you cash in on all that? there are over 5 million airbnb listings nationwide and short-term rentals are one of the fastest growing businesses in the united states. brand-new home renovation series on netflix called stay here explains how can you get in on the action. >> you are making on average across a 12-month period about 250 a night. >> that works out to be 22,000 a month. >> 6 grand a month. >> there is another property close to here on quarter of a
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mile that is awesome victorian townhouse that has a complete narrative. they're getting 375 and nowhere near as big as this. i think if you let us go to town on this place, we could double your rate and get you up to 500 a night. connell: kennedy spoke to the co-host of stay here. peter larmer, watch this. >> people think if i tidy up the desk, i can put this baby on airbnb, there is so much more to that. >> we call that the junk drawer philosophy. it's changing, the business is evolving now but used to be granny's old apartment, the garden shed, throw a bed in it and it was full of rotten old furniture and horrid flowery sheets. >> old stuff. >> old stuff. and our show was the first one
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helping people get more r.o.i. >> you have a generation of people, this is how they exist. the gig economy, it would be hard to explain to my parents how to gussy up their house to have airbnb income. if you're talking like 6,000, $10,000 a month, that's real money. you don't have to work, you can sit around and bathe in avocado toast. >> some people, admittedly it's a fraction right now, some people making a massive, massive income. >> with minor modifications. >> minor modifications. >> put the wi-fi password on stickers all over. house or apartment, because that's the first thing you're looking for when you walk into a place. how are people disappointed? if i go to an airbnb in a city i've never been. what's the biggest cause for disappointment? >> the worst thing people can do is leave them in kind of a
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soulless vacuum to fend for themselves. like if i'm flying -- i live in l.a. now, but if i'm flying in frankfurt and i want to stay in an airbnb, i want to experience in the eyes of a local. i don't want to roll up with three screaming kids, what's the wi-fi! no snacks, the place might be a little dirty. dirty is the worst. >> people don't see past their own clutter and filth. that's why you and your partner help people see. it's almost like when you have your house staged, when you are selling it but want to do that long term for the short-term rentals. >> it's the same theory, what i try and do with clients, i've been doing airbnb before it was called airbnb with a lot of folks in l.a., and i say remove your head and pretend this is not your home. pretend you are walking in for the first time and what you don't like, and i have to point it out. too much clutter is number one.
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bad taste is number two. a little bit of bad taste in l.a., and all over the country, and number three is trying to anticipate what the guests want before they want it. like fizzy water or drinks for the kids or snacks or if their religious beliefs don't allow them to eat pork, don't have pork scratchings in a bowl waiting for them when they come in. >> if they are putting them up on airbnb and making money, there are people getting extra houses, what are they doing? >> people are getting extra houses, flipping it into multiple properties. i have a client and friend who works like the marketing director for a big fortune 500 company, he said pete, i'm taking off to bangkok, going to stay there nine months. you can rent out my place, i'm going be in bangkok or on the beach banging away at my laptop and want to make a profit to cover travel, all of my
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expenses and have mortgage paid, and he's doing it. >> wow, and you take a nice tidy profit off the top. it's fascinating, because you have a background as a music producer so your case level is really high, and then you carve out this niche market in real estate, that you know, you saw the upside before a lot of people did and now showing people how to make money, very chivalrous of you. >> thank you very much. i have the music business to thanks. we are kind of from the same alumni there, and to be quite honest, i'm kind of allergic to canada corporate. >> someone telling you what to do. >> i never wear buttonup shirts, i'm wearing this for you. i wanted to forge my own brand of real estate which was rock 'n' roll and this worked well with the new generation, the millennials and younger who kind of embrace the shared
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economy much more than others. >> there are a lot of people, the same people who see cannabis superior to drinking, they see airbnb as superior to hotels and that hotels are anachronistic, and money to be maechld the show is fantastic. >> so glad to be here. connell: good stuff from ron! something's going on at schwab. oh really? thank you clients? well jd power did just rank them highest in investor satisfaction with full service brokerage firms...again. and online equity trades are only $4.95... i mean you can't have low cost and be full service. it's impossible. it's like having your cake and eating it too. ask your broker if they offer award-winning full service and low costs. how am i going to explain this? if you don't like their answer, ask again at schwab. schwab, a modern approach to wealth management.
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book now at choicehotels.com. or just say badda book, badda boom. hey guys. today we're here to talk about trucks. i love trucks. what the heck is that?! whoa! what truck brand comes from the family of the most dependable, longest-lasting full-size pickups on the road? i think it's the chevy. ford. is it ford? nope, it's not ford. i think it's ram. is it ram? not ram. that's a chevy! it's chevy! that's right. from the family of the most dependable, longest-lasting full-size pickups on the road. gorgeous. chevy hit it out of the ballpark with these.
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kennedy nation on both, and she loves e-mail, write to her at kennedy fbn@foxbusiness.com. she'll be back tomorrow, guests are corey lewandowski the following is a paid advertisement for time life's music collection. ♪ chances are 'cause i wear a silly grin ♪ there are artists we'll always remember... ♪ mona lisa, mona lisa ♪ men have named you there are beautiful songs, words and memories that will always touch our hearts... ♪ it's impossible ♪ to tell the sun to leave the sky ♪
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