tv Trish Regan Primetime FOX Business February 8, 2019 11:00pm-12:01am EST
11:00 pm
the committee. lou: that's it for us tonight. have a great weekend. and good night from new york. trish: breaking tonight. new developments in a story you will hear only on "trish regan primetime" tonight. the people of venezuela taking to the streets demanding change. demanding nicolas maduro leave office. the socialist dictator telling the media in a rarely scheduled press conference that there is no humanitarian crisis in his country. that it's the united states trying to create the chaos there. wrong. mr. maduro, your country has gone from one of the wealthiest countries in south america to
11:01 pm
inflation topping 10 million percent. who can even fathom such a thing. your economy fell nearly 30%. that number expected to double in the current quarter. we are smarter than that. the pictures prove it. the people of venezuela are being heard right here on this show and around the world. socialism does not work. tonight we have one of the most of noted economists from venezuela, a man who worked under hugo chavez. the banker to the world. the man who created the sovereign debt market is here. and the man who trades them. "trish regan primetime" begins right now. breaking tonight, the secretary of state mike pompeo telling me nicolas maduro must go.
11:02 pm
and confirming to me that there are hezbollah cells active inside venezuela. watch. do you have concerns venezuela runs the risk of turning into a no-man's land where you have the bad actors, including some with links to hezbollah that could be more of a threat because they are in our hemisphere. >> i'm glad you brought that up. people don't recognize hes bow will has active -- he hezbollahs active cells and we have an obligation to take down that risk for america. trish: the secretary is right. hang with me because i'm about to tell you a lot. i know a lot about terror activity in latin america. i have followed this story for 13 years and then some. i wassed the first to report -- i was the first to report on
11:03 pm
hezbollah and terrorists. i examined bank records and investigated the connection between terror cells in what is known as the tri-border region of central america and hezbollah. i want you to understand the history of terror in that region. terrorism against americans, terrorism against jews. and all of those that stand for freedom. these images. look at that. these are the terrorist attacks on the israeli embassy in the jewish community center in argentina in the early 1990s. 1992 and 1994. 114 people died. these attacks, they were all staged right here in our western
11:04 pm
hemisphere. they were planned. they were coordinated. and they were launched by islamic terror groups from a tiny lawless jungle town in pair bu --in paraguay. that's the place where paraguay and argentina and brazil meet. it's a lawless mont -- -- no mas land where everything is for sale from drugs to human trafficking. it's all there. this is one of the worst places on earth. hezbollah finances some of its operations from this area.
11:05 pm
as venezuela has fallen into a criminal state, the terrorists are setting up shop there. after my initial report on the region, the u.s. treasury department cited all the people i profiled as known terrorist financiers and sanctioned all of them. at that time i heard reports that a lot of the hezbollah financiers were migrating to venezuela. and that was 13 years ago. so when secretary pompeo says there is a threat of hezbollah terrorism in venezuela, that's something we should pay attention to given that country's close proximity to us. do you have concerns venezuela runs the risk of turning into a no man's land with bad actors with links to hezbollah that
11:06 pm
could be more of a threat because they are in our hemisphere? >> the iranians are impacting the people of south america and venezuela. we have the obligation to take down that risk for america. trish: no matter how much the media wants to tell you this is all orchestrated. i can tell you that lawless places create environments where very bad people can operate. terrorists can operate and finance their illegal activities quite freely when you have a criminal regime. the area was and is to a certain extent still under a criminal regime. anything goes there. and that's what venezuela is becoming. i want to point something out. there is an image that is seared
11:07 pm
in my mind. i was reporting in paraguay and i went to a neighborhood, a bad neighborhood. it was just before dawn. and the sun was coming up. and it was probably one of the poorest, most of notorious slums in the area. i actually had to wear a bulletproof vest because there were concerns about safety there. what struck me the most of was there was a massive pile of garbage. bigger than this studio. a massive pile of garbage. you know what? there were little kids, young kids sifting through that garbage look for a scrap of food. along side those children were wild pigs, wild animals, also looking for scraps of food.
11:08 pm
that was in paraguay. it's an image i will never forget. that poverty exists still amid a serious criminal enterprise. ciudad del estes is as i said a bad place. i saw a handwritten note from the head of hezbollah to one of the terrorist financiers thanking him for his generosity. at that time an estimated $100 billion was being funneled from this jungle town back to hezbollah. making this criminal no man's land the biggest source for funding for hezbollah outside of iran. tonight i can report that hezbollah is migrating to venezuela. even at the time of my initial
11:09 pm
work there 13 years ago, i heard so much about hugo chavez's willingness to tolerate them because they like him were anti-american. terrorists go wherever they can hide and where they can strengthen. right now that place is venezuela. sources say $400 million with some the mats of as high as a billion dollars makes its way from hezbollah to latin america each year. that would make latin america the biggest source of funding for terrorism outside of iran. there are connections between islamic members of the maduro regime and iran. the biggest concern aside from terror fundraising and the country's close proximity to the u.s. is hezbollah has been able to buy fake identities, and
11:10 pm
birth certificates to enable their members to move more freely throughout the world. there are many reasons we need to care about venezuela. it's horrible what socialism has done to that country for sure and should be looked at as a case study what we should not do. the people have suffered and that's not right. there are also strategic reasons why we should care. oil matters. they need foreign oil companies to help give them the technology to get the stuff out of the ground. these can be of assistance there. but for security, we should care about this country because it's our next door neighbor. it's one thing to see the problems in syria, right? it's another to see them in a place that is less than three hours from miami, florida. not since 192 hav -- not since 2
11:11 pm
have we had up a security threat to our nation. the u.s. is doing the right thing. and we need to keep doing it. we must use our influence to help that country and protect ourselves. i'll tell you, we can make a dictator's life an economic hell and we should. we are the world's largest economy. we need to make life so hard for nicolas maduro that he himself feels the pain that his people have endured under his so-called leadership. change will happen as i predicted on december 14, 2018. there will soon be a free venezuela, free from hezbollah and drug financiers. a venezuela that is an ally to the united states and a voice for free markets and economic freedom in the region. it can be an enormous force for
11:12 pm
good. tonight some democrats watch all this unwrap in venezuela. they are distancing themselves from the socialist push of their own far left party. that story coming up. but first, breaking tonight. socialist dictator, nicolas maduro, rejecting the united states humanitarian aid. there is an exiled leader who maduro has accused of assassination attempts. he joins me next. (whispers) with the capital one venture card... you'll earn unlimited double miles on every purchase,
11:13 pm
every day... not just "airline purchases". think about all the double miles you could be earning... (loud) holy moley that's a lot of miles!!! shhhhh! ♪ what's in your wallet? shhhhh! to be nobody but yourself in a world which is doing it's best to make you everybody else... ♪ ♪ means to fight the hardest battle, which any human being can fight and never stop. does this sound dismal? it isn't. ♪ ♪ it's the most wonderful life on earth. ♪ ♪
11:14 pm
11:15 pm
you should meet our newest team schwab, bmember, tecky.do that, i'm tecky. i can do it all. go ahead, ask it a question. tecky, can you offer low costs and award-winning full service with a satisfaction guarantee, like schwab? sorry. tecky can't do that. schwabbb! calling schwab. we don't have a satisfaction guarantee, but we do have tecky! i'm tecky. i ca... are you getting low costs and award-winning full service? if not, talk to schwab.
11:17 pm
trish: socialist dictator, until already turning to block humanitarian aid. he's rejecting the u.s. effort in what he is calling a military effort. we are offering food and medical care and he's not allowing it to come in. you have starving venezuelans forced to cross the border into colombia so they can access the american food and medical supplies that socialist dictator nicolas maduro won't allow in. venezuela's opposition leader juan guaido warned maduro's military saying they must let american aid into venezuela. he's calling on the socialist
11:18 pm
regime barricades as a crime against humanity. joining me right now, the internationally celebrated anti-maduro leader. a statesman forced into exile. he joins me from bogota, colombia tonight. it's not a hard cause to support, sir when you see people marching for freedom and they want their shot at democracy. and you realize how strategically and important venezuela is to us. we would much rather be friends with venezuela than allow the chinese, the russians, and the cubans and hezbollah down there. maduro feels differently because his friends are the russians, the chinese, and cubans, et cetera. now he's blocking aid into venezuela. what are you seeing on the
11:19 pm
colombian border? >> we have been trying to push for this help since five years ago. and we passed a law in the national assembly, and maduro's reaction at that time was to ask the supreme court to nullify the law. so maduro really -- it's amazing, he doesn't care about human dignity and the human condition. and right now he's stopping the humanitarian help we are starting to receive from the united states and other lima groups. we know for sure this is creating a huge contra digs within the army force. some people within the army force are telling we should receive in venezuela the help from the american help. and this is creating an important internal debate.
11:20 pm
and we hope for the venezuelan people that they allow the humanitarian help to enter venezuela. trish: if you are an army officer and someone is offering your family food, it's hard to turn that down in the name of protecting somebody who has plenty of food. >> absolutely. it's amazing. at the end of the day, this help is also for the family of the officers. it's also for the young people who are on the border blocking the entrance of the american help. and this is the reason it's creating an internal contradiction. in my opinion maduro will lose if he allows the humanitarian help to enter venezuela, it will be a victory for freedom and solidarity and if he blocks the
11:21 pm
humanitarian help he'll lose because venezuela will see clearly he doesn't care about people. but only he believes in his own interests. trish: either way, do you think freedom prevails? >> i will just say in our introduction, freedom, liberty, are very near to venezuela. we believe with the help of you guys that making so much about venezuela, we really believe that we are going to have a new opportunity to review freedom in venezuela and to be open for a land free from narco traffic and free from violence. and we are sure we are going to get it. trish: i hope you do. thank you very much. good to see you again, sir. coming up. the left on the run from the far left. how about that?
11:22 pm
some democrats admitting maybe it's time to pump the brakes on this socialism thing. the unintended consequences of sanctions against venezuela. u.s. investors are totally shut down. could this send venezuelan assets into the hands of the russians or chinese? coming up, the creator of the modern-day sovereign debt market is here. bill rose, alongside the guy who trades all the stuff he created. and the biggest debt holder for venezuela and the banker to the world, bill rhodes, they that rocking chair would look great in our new house. ahh, new house, eh? well, you should definitely see how geico could help you save on homeowners insurance. nice tip. i'll give you two bucks for the chair. two?! that's a victorian antique! all right, how much for the recliner, then? wait wait... how did that get out here? that is definitely not for sale!
11:23 pm
11:24 pm
treatments like keytruda with chemotherapy ng time to be treating advanced lung cancer. really break through barriers that we had not too many years ago. (avo) another tru story with keytruda. in a clinical trial, significantly more patients lived longer and saw their tumors shrink than on chemotherapy alone. (dr. kloecker) it's changed my approach to treating patients. (avo) keytruda may be used with certain chemotherapies as your first treatment if you have advanced nonsquamous, non-small cell lung cancer and you do not have an abnormal "egfr" or "alk" gene. keytruda helps your immune system fight cancer, but can also cause your immune system to attack healthy parts of your body. this can happen during or after treatment and may be severe and lead to death. see your doctor right away if you have new or worse cough, chest pain, shortness of breath, diarrhea, severe stomach pain or tenderness, nausea or vomiting, rapid heartbeat, increased hunger or thirst, constipation, dizziness or fainting, changes in urine or eyesight, muscle pain or weakness, joint pain, confusion or memory problems, fever, rash, itching, or flushing.
11:25 pm
these are not all the possible side effects. tell your doctor about all your medical conditions, including immune system problems, if you've had an organ transplant, had or plan to have a stem cell transplant, or have lung, breathing, or liver problems. (dr. kloecker) any day you can give good news to a patient is a good day. (avo) living longer is possible. it's tru. keytruda, from merck. with more fda-approved uses for advanced lung cancer than any other immunotherapy. driverless cars.
11:26 pm
all ground personnel please clear the hangar. trips to mars. $4.95. hydroponic farms. robotic arms. ♪ $4.95. delivery drones or the latest phones. no matter what you trade, at fidelity it's just $4.95 per online u.s. equity trade. ♪ ♪ trish: new reaction tonight, mounting questions over the trump administration's sanctions on venezuelan sovereign and also some of the oil debt. if americans are not allowed to buy any of this stuff -- and
11:27 pm
right now americans aren't -- then the question is, are we inadvertently opening the door for the bad guys? you know, the chinese, the russians? might they come along and say, okay, we're going to buy this stuff up, because the u.s. is not allowing other u.s. players to be in this market. now, earlier this week i asked secretary of state mike pompeo that very question. here's his answer. >> when america makes a decision to impose sanctions, it sometimes has adverse impacts on americans, no doubt about that. they're not free. but this time they're really worth it. sanctions matter over time. they don't matter so much on day one or day two, but over time. denying the maduro regime the resources to conduct business. trish: here with me now to react, the man venezuela owes all the money to, the man representing all the debt holders, mr. hans hume and bill
11:28 pm
rhodes, president and ceo of william r. rhodes global advisers who's also the author of "banker to the world." he's basically the guy that created the sovereign debt markets that hans now trades in, so it is truly an honor to have you here tonight. >> always great to be with you, trish. trish: and i know you wrote on the humanitarian crisis, so we're going to get to that in a second. first of all, what's your reaction to the secretary saying, look, sanctions, sometimes they're kind of tough, but ultimately it will all work out, because some debt holders -- and hans may be one of them -- are a little bit nervous. it's not going to work out so well if the chinese buy all this debt, because then juan guaido is going to have to negotiate with the chinese or the russians. >> you have to be very careful that you do it correctly, because if not, they have adverse consequences. that's the question now, are
11:29 pm
these sanctions properly inputted and properly implemented. and i think that's really the key here. and, of course, the chinese -- and i was recently in china -- and the chinese have a big position. the oil companies there and the china development bank, and they are following this very, very carefully. they're not so interested in buying debt as getting their money out, oil or cash. i think the ones you have to watch here are the russians. trish: the russians, why? because they're going to go and buy this up on the cheap? >> they have a position in citgo, and they want to protect it, and you never know what putin has in mind politically with venezuela and this whole relationship that he's trying to work in the caribbean vis-a-vis nicaragua, cuba and venezuela. trish: that's very interesting. hans, i know you have your concerns. so just to, you know, so the viewer understands, look, sanctions are intended to make life really difficult. and as i said at the top of the
11:30 pm
show, we should make life difficult. we should make it an economic hell for nicolas maduro so he gets the hint and goes peacefully away. but in this interim stage here, we've shut down the entire market. have you ever seen the shutdown of an entire market like we're doing here? is this new? >> i have seen it with sudan's debt. obviously, iranian debt, cuban debt has been sanctioned for a long time. i guess this is the first time that i've seen trading sanctions with the exception of non-u.s. persons being allowed to buy the debt. trish: okay. so that's an important distinction, right? because the u.s -- you can't buy it, but russia over there could. so you could sell, as an american, to a russian, but you can't buy. >> that's correct. so in other words, right now maybe two-thirds of the debt is held by basically u.s. mutual
11:31 pm
funds who i think in, you know, with a transition government would be happy to negotiate not only something that's feasible for recovery in venezuela, but also investing new money. now, if this -- if they can't sell and have to rebalance portfolios, what could happen, as bill was saying, you get a number of foreign companies who end up being the biggest creditors -- trish: you're negotiating, right, with russia instead of the good guys, which would be us. i asked david malpass about this. he's nominated to be head of the world bank. listen to his answer. >> americans who happen to hold venezuelan debt, and so that's going to be a very narrow group of pretty sophisticated investors, they are able to either hold that debt or able to sell it to a foreigner. the goal of this is to have a situation where money doesn't go back to the maduro regime. that's really important. and i think that's the way the
11:32 pm
sanctions are set up. trish: are they set up hike that? like that? >> well, that's what he hopes. i had a talk with him the other day and, of course, or he's very interested that things are done correctly here. he's very interested in the humanitarian aid side, i have the say, and he and i made some of the points i wrote in my op-ed -- trish: i would encourage everybody to read it if today's "financial times," and you talk about how it's really, it's critical right now that we do what we can from a humanitarian standpoint. does that then have an effect on the overall political climate? can the influence -- can we influence some change there by going in through the humanitarian route? >> i think the tragedy that we're witnessing in venezuela is the worst humanitarian health care crisis in memory in latin america. it's worse than we saw in haiti. and it grows every day. you already have three million venezuelans outside the country, and their situation is not very good. and the estimate of all health
11:33 pm
agencies is that another two million will move this year if manager isn't done. -- if something isn't done. and i think one of the great tragedies here, and we've seen is a displeasant government, the maduro government will not allow external aid to come into the country. which i think is a disgrace. trish: i agree. i mean, these people are starving, hans. >> yeah. >> not only that. it's food, but it's also medicines, there are no medicines in the hospitals, and people are dying right and left in the hospitals because they're not staffed properly because so many of the doctors have left, and they have no antibiotics, they have no plasma, they have nothing. >> it's, obviously, unconscionable for the venezuelan government to not acknowledge that there is a economic and health crisis on the ground there. i mean, you've often cited how much weight the average venezuelan has lost, but it's
11:34 pm
also -- people are actually dying for, with diseases that can be cured with some of the antibiotics that are coming in with the humanitarian aid. trish: i don't know if they have these pictures up and ready, but one of the things we have shown to the viewers recently, bill, is video that came to us exclusively of a venezuelan hospital. and that hospital is clearly a mess. they're actually, in this particular video -- again, or i don't know if the control room can get it up in time, but it's suffering from a meek, it's flood -- from a leak, it's flooding. you can see this tremendously unsanitary environment. so you couple that lack of san talkings in the hospitals -- sanitation in the hospitals with the lack of medicine, and to your point, people are dying. now, let me just ask you this because americans out there might say, okay, yeah, that's a problem, you know? that's not good. but why is that my problem? >> well, i think it's the problem of everybody when you see a situation get out of hand
11:35 pm
like it is in the humanitarian way. and particularly since we've had such good relationships with venezuela, you know, throughout the years and it's part of our hemisphere. we get very concerned about what's going on in africa, what's going on in asia, and this is our hemisphere. we should be concerned. trish: yeah. >> if things get really bad in that area of south america, it'll come up through central america, and we'll have a worse immigration problem. trish: i mean, i think it's all interrelated, right? because we're looking at these caravans that are coming towards our border, and i do believe that if people, people don't want to leave their homes. >> no. trish: if you have an economic environment in which you can stay, you're likely to stay. and so venezuela could be very important, very important for the region overall. >> well, not only that, you have to remember, trish, that it wasn't that long ago before chavez and even at the beginning of the chavez administration that venezuela had the leading
11:36 pm
health care system in latin america, without a doubt. and look where it is today. it's in shambles with all the things that we're saying, and it gets worse every day. what i can't understand is that this government which preaches the socialism of chavez who came into office saying that he was going to lift up the health care and the humanitarian side of the venezuelan people, and look where it is. trish: yeah. and then in the meantime, you've got to make sure that the russians don't -- i'd hold on to that debt, hans. [laughter] >> well, talk about fair, i think the u.s. treasury has been working to put together a program that makes sense, that keeps money from going to the bad guys -- trish: good. >> so we'll see if there's some amendments to the policy that will rationalize it a bit. because, quite honestly, it would be a real problem even for the health and economic recovery if the largest creditors to venezuela ended up being the russians. trish: yeah. i mean, not since 1962 did we
11:37 pm
have such a threat to close to the united states. i don't think we'd be too happy about putin having a launch pad down there. anyway, it's so good to see you. >> great to be on with you again, trish. trish: yeah. i look forward to doing it again. same to you, hans, thank you very much. democrats trying to distance themselves from their party's new embrace of socialism. former trump special assistant mark lauter is here, he's going to weigh in on this new liberal divide after this. ♪ ♪ as a fitness junkie, i customize everything - bike, wheels, saddle. that's why i switched to liberty mutual. they customized my insurance, so i only pay for what i need. i insured my car, and my bike. my calves are custom too, but i can't insure those... which is a crying shame. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪
11:38 pm
you won't find relief here. congestion and pressure? go to the pharmacy counter for powerful claritin-d. while the leading allergy spray only relieves 6 symptoms, claritin-d relieves 8, including sinus congestion and pressure. claritin-d relieves more. that have made the rx the, crleading luxury suvhnology of all time. lease the 2019 rx 350 for $449 a month for 36 months. experience amazing at your lexus dealer.
11:41 pm
♪ ♪ >> he uses dog whistle politics, socialism. >> there are people in the democratic party who want more government intervention. i wouldn't quite call it socialism. >> we -- that's how democrats support what i would term compassionate capitalism. >> well, it is a society coming together to increase the standard of living of our seniors. >> the word socialist is now
11:42 pm
becoming a buzzword like liberal and feminist where the right wing is now taking that word and distorting it. trish: democrats attempting to distance themselves from the blatant socialist policies being promoted by some members of their party, including candidates running for america's highest office in 2020. joining me right now, former special assistant to president trump, mark lauter. >> good to see you, trish. trish: about time. venezuela is dealing with massive turmoil there. you have only to look at a country that's less than three hours from miami to see, or you know what? this socialist-style experiment, it does not work. >> no. people are taking to the streets by the hundreds of thousands to seek freedom from socialism while the democrats and their friends in the media are trying to lead us to socialism. it's just not something that's going to work, and in response to your opening quotes there, it's not going to work. democrats cannot distance themselves from this. this is not ideas of the fringe
11:43 pm
of the party, it's fringe ideas that represent the party. trish: interesting, because it's a very different kind of democratic party, shall we say, than the democratic party that i grew up with or that my parents' generation grew up with. hey, jfk cut taxes, right in and i think that there was a democratic party that once really stood for the working class in america. now it's gotten so fringe that it becomes, i guess, the party of free stuff. well, there's no accountability for who's going to ever pay for any of this. you saying, though, that this is mainstream. that alexandria ocasio-cortez and the rest of them are now mainstream? >> their ideas are becoming main stream when you hook at their standard-bearers right now including i think at least five of their leading nominees for president to have united states in the united states senate, they've all signed on to this plan. you have two of them in kamala harris and bernie sanders who have said openly, yes, i want to
11:44 pm
eliminate private health insurance and send hundreds of millions of americans into government-run health insurance. these are blatantly socialist ideas. and, trish, can you ever imagine a democrat party that goes and tells unionized people that work for boeing making airplanes or general motors making cars that we are going to eliminate your product in ten years? that's what they're doing right now. trish: wow. of well, this should be good news, right? for you -- [laughter] and for president trump and for republicans. >> well, i mean, obviously, from a political standpoint there's going to be a choice, and it's going to be a choice between more jobs, higher wages like we have under president trump or socialism. but just the fact, and i've said this, just the fact that the president of the united states had to denounce socialism in the state of the union, that says something about the state of our country right now, and that is concerning to me. trish: yeah, i hear ya.
11:45 pm
it's -- i actually added to my twitter account capitalist, right? to define my -- because, or you know, it's just become such a crazy environment out there. and i'm an independent, but i'm a capitalist. and i think capitalism is a good thing for america. marc, it's good to see you, thank you so much. >> great to see you, trish. trish: a former hugo chavez economist during the 199 0s who left venezuela and became celebrated on wall street for being the most plugged-in economist of latin america. he's h live from the starlite lounge. ♪ one plus one equals too little too late ♪ ♪ a sock-a-bam-boom ♪ who's in the room? ♪ love is dangerous ♪ but driving safe means you pay less ♪ ♪ switch and save ♪ yes, ma'am excuse me, miss.
11:46 pm
♪ does this heart belong to you? ♪ ♪ would you like it anyway? [ scatting ] to be nobody but yourself in a world which is doing it's best to make you everybody else... ♪ ♪ means to fight the hardest battle, which any human being can fight and never stop. does this sound dismal? it isn't. ♪ ♪ it's the most wonderful life on earth. ♪ ♪ it's the most wonderful life on earth. ron! soh really? going on at schwab. 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.
11:47 pm
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. the latest inisn't just a store.ty it's a save more with a new kind of wireless network store. it's a look what your wifi can do now store. a get your questions answered by awesome experts store. it's a now there's one store that connects your life like never before store. the xfinity store is here. and it's simple, easy, awesome.
11:49 pm
♪ ♪ trish: new tonight, a venezuelan economist changing his model to lower nicholas nicolas maduro'ss for survival. francisco rodriguez was head of the venezuelan congressional budget office in the early part of the decade, and he became very celebrated here on wall street being known as one of the most knowledgeable trade thers on latin american debt markets. he joins us right now to tell us why he thinks maduro's time might be running out. francisco, welcome. it's good to have you here.
11:50 pm
>> thank you for having me. trish: i know you changed your model. >> we're changing it almost every day, and definitely these sanctions are hitting. they're hitting the economy, they're hitting the regime. it's basically being closed off from access to all types of resources. it can't sell oil in the u.s., it can't import products that it needs in order to produce its oil in the u.s. but also companies in india and in other places don't want to do business with this regime, because it's a regime that's become toxic. so, obviously, this is going to have a big effect on maduro, but he still has the support of the military. i mean, surprisingly but true, the military came out after juan guaido swore himself in and pledged their loyalty for nicolas maduro, so the question is how do you break -- trish: how do you? look, maduro had a press conference today, which is kind of rare, but he said there is no humanitarian crisis in
11:51 pm
venezuela, this is just the united states trying to get sort of a back door entry into venezuela through the guise of i humanitarian aid. but you know better than anyone how much the people have suffered and how badly the economy has performed. and the struggle that the people are facing there. he's not willing to admit that, but let me ask you, if you're trying to influence the military, does the humanitarian aid have an effect on that, sir? >> it does, it does. the level of cynicism of nicolas maduro is bottomless. to deny there's a humanitarian crisis? venezuela -- in venezuela, the economy has slunk the e give lent9 of two great depressions. poverty went up to 94%. 30% of venezuelans are eating less than three meals a today. it was less than 5% when maduro came to power. people lost 24 pounds last year.
11:52 pm
and it's amazing within this whole crisis, venezuelans still have the ability to joke that this is the maduro diet. [laughter] it's no laughing matter -- trish: well -- >> it is the deepest humanitarian crisis that we have seen in a very long time, and i think the largest one that we have seen in the continent. trish: so now we're in a situation where the u.s. is providing aid, and the international community, by the way, is providing aid. the entire free world refuses to recognize nicolas maduro as the leader of that country, but at what point do the military leaders say, okay, we've had enough? at what point do the rank and file say we've had enough? my family needs food? >> they are actually seeing that. you've got mass decircumstances with the military, but -- desertions with the military. but some of those soldiers just leave, they don't necessarily take up arms. this is a dick dictatorship, ans very hard to overthrow. they are reigns of terror -- trish: how did it become that
11:53 pm
way? i remember back in 1999, and this is going way back, but i was on the emerging debt market desk at goldman sachs. back in '99, chavez came in, he tore up the constitution, and things just sort of disintegrated from there. you're now talking about, what, nearly 20 years of socialism, and these are the effects? when did it become the dictatorship? >> you lose democracy little by little, every day. that's what we learned in the past 20 years n. the beginning, chavez was popular, so he used his popular support to approve these constitutional changes. but every time he was just grabbing more and more power until he had the power, when he was dying -- the only thing he didn't have the power to do was to survive cancer, but he had the power to have leave nicolas maduro, and he took advantage of that power, kept on increasing it. yes, the erosion -- trish: [inaudible] >> and that's why you have to protect freedom so much, because when you lose it, you really
11:54 pm
miss it. trish: that's a poignant thing to say. it's fragile, and, you know, sometimes we take it for granted. did venezuela take it for granted? >> yes, yes. the venezuela that i grew up in was a very confident venezuela. remember, even when there were economic crisis, there was this feeling that we were going to get through it. and it was at one time the richest country in latin america. in fact, it used to be one to of the 25 richest countries in the world. its gdp per capita was higher than that of portugal, spain, greece, similar the united kingdom at some moment in the '70s. trish: wow. >> yeah, it's been really a tragedy, what's happening. the question is what can with we do to change that now. trish: so how much time do you give him? when does it really -- >> let me be realistic here. when one of these leaders control the military, things can get really bad. to me, this is looking a lot like libya. and we have to remember, and
11:55 pm
this looks kind of like march of 2011 in libya. remember when gadhafi took out the planes and shot at that demonstration? that's what it feels like. now, the thing is gadhafi was out by september, but those months were really harrowing for the people of libya, and that's what i'm afraid of. trish: it doesn't have to be like that, and john bolton was on this show just recently saying he should take the deal. they can assure him amnesty somewhere on a nice villa on a beach far, far away from venezuela. i know there's a lot of people that probably might not like that, but that might be the most peaceful solution, if he's willing -- >> i hope he listens. trish: good to see you, your daily dashboard from fidelity. a visual snapshot of your investments. key portfolio events. all in one place. because when it's decision time... you need decision tech. only from fidelity. jardiance asked:
11:56 pm
when it comes to managing your type 2 diabetes, what matters to you? let's see. most of you say lower a1c. but only a few of you are thinking about your heart. fact is, even though it helps to manage a1c, type 2 diabetes still increases your risk of a fatal heart attack or stroke. jardiance is the first type 2 diabetes pill with a lifesaving cardiovascular benefit for adults who have type 2 diabetes and heart disease, jardiance significantly reduces the risk of dying from a cardiovascular event and lowers a1c, with diet and exercise. let's give it another try. jardiance can cause serious side effects including dehydration. this may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. ketoacidosis is a serious side effect that may be fatal. symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. a rare but life-threatening bacterial infection in the skin of the genital area could also occur. stop taking jardiance and call your doctor right away if you have symptoms of this bacterial infection, ketoacidosis or an allergic reaction. symptoms of an allergic reaction include rash,
11:57 pm
swelling, and difficulty breathing or swallowing. do not take jardiance if you are on dialysis or have severe kidney problems. other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. tell your doctor about all the medicines you take and if you have any medical conditions. isn't it time to rethink your type 2 diabetes medication? ask your doctor about jardiance and get to the heart of what matters.
11:59 pm
ask yourwell now there's score!, time...from force factor,enin'. to rev your libido and maximize physical response. it's no wonder walmart offers score! in more locations than any other performance enhancer. unleash your potential in the bedroom, with score!. something important. it's not going to be easy. quicksilver earns you unlimited 1.5% cash back on every purchase, everywhere. actually, that's super easy. my bad. trish tisch what a week. what a week it has been. we've broken a lot of news on this show this week including what the secretary of state said about active cells, hezbollah
12:00 am
cells in venezuela. a lot happening. it's a rapidly changing, moving story. i do want to give a special shout-out, again, to all the families of the american hostages that a stuck in -- [inaudible] have a good weekend. ♪ >> from the fox studios in new york city, this is maria bartiromo's "wall street." maria: happy weekend to you. welcome to the program that analyzes the week that was and helps position you for the week ahead. i'm maria bartiromo. coming up in just a few moments, two fantastic guests this weekend for you. technology investor, former mark zuckerberg mentor, roger mcthatmy is with me, and the dallas federal reserve president and ceo robert kaplan giving us a sense of where we are in the economic movements up or down. technology stocks reigned supreme this week, netflix, apple, amazon, social media giants facebook all helping
58 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on