tv Cavuto Coast to Coast FOX Business February 11, 2019 12:00pm-2:00pm EST
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amazon moving in. they want it. stuart: other unions don't because -- >> won't unionize. stuart: i can't believe that. would you turn down that? >> no. stuart: neil cavuto. it's yours. neil: what will happen to those councilmen and women up for a vote and they have hot 25,000 jobs? stuart: could be, neil, their constituents approve of not having amazon. neil: you could be right. you can spite yourself. amazing. we have a lot more coming up on the amazon brouhaha, and what is going on with jeff bezos but the issue that is captivating markets is the believe it or not, prospect of another government shut down even this weekend we were told things were promising. something came apart. don't blame the president. democrats adding something that no one was counting on. that something is the source of
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the debate and controversy. break burman at white house. reporter: president trump is heading south to the border town of el paso, texas, to continue to pitch his message of border wall funding while the negotiations over the weekend took a sudden u-turn. president trump describing democrat as newest demand as quote, crazy. number of beds funded by congress when illegal immigrants is detained. the number is 40,000. the white house wanted an increase to 52,000. democrats want significant decrease off the number down to 16,500 to be used for interior enforcement. they also want to make sure that the priority is for illegal immigrants who are, who are prioritizing violent criminals. there is going to be a 4:00 meeting, 3:00, 4:00 hour meeting among four major players in capitol hill.
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top two democrats, top two republicans, members of the senate, to figure out where this things foes from here. the sticking point around detention beds has suddenly changed where things stand. watch here. >> we went home over the weekend thinking we were very, very close to having a deal and then apparently there is this new offer on the table that is quite a bit different from what everybody was moving towards all week. so it is very disappointing but again we're still hopeful by the deadline they will work it out. reporter: neil, there was a win as well for the administration today, a rare wind as it relates to the ninth circuit court of appeals. they put out a judgment as it relates to replacing border barriers as they called it, quote, border barriers, there could be fast-tracking of that. there doesn't necessarily be to be environmental reviews for those replacements. the ninth circuit court of appeals ruling the following. to suggest congress would thorize dhs build new border
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barriers but prohibit maintenance, and replacement of existing ones makes no practical sense. so back to the beds, neil, some 16,500 that democrats want for interior enforcement. what i was trying to get out there, democrats say they will make sure the priority here is on violent criminals. so we talk about these detention beds, never once, neil, did i even mention the whole issue of how much is going to a border wall or a border barrier. that has, that whole issue still out there in play and friday is the deadline here for another potential government shut down. neil: man, oh, man, they can come up with continuing resolution to horrible along. how likely is that? >> potentially. the president in the past said he wasn't up for any short-term continuing resolutions but we saw he allowed for the three-week extension. might he be up for it again this time? who knows. there is the possibility they could separate out this again to
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fund parts of the government that need to be funded while separating out the whole department of homeland security component, maybe go at it that way but the president was pretty clear, neil, in the rose garden two weeks ago i guess it was, 16, 17 days ago he wants something done by this friday, or else there is the possibility of a government shutdown. mick mulvaney, the chief of at that, kept that on the table over the weekend. by the way there is a possibility that the president could declare national emergency along the southern border. we're 50 days later at this point. neil: incredible. blake burman, thank you very much. if we look at a second shutdown that is not over the wall, oddly enough over detention beds and the like where are we going from this. liz peek, john summers, jim awad. jim, this is just noise to the markets at this point or worrisome? >> as the week goes on it will
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be more worrisome. nobody want as shutdown. consumers don't want it. investors don't want it. corporations don't want it. up until last night everybody assumed you would have a deal. i would say if we trip into the weekend, nothing happened, if we shut down it will be negative for the markets and the economy. neil: john, did democrats overplay their hand? >> i don't think so. these are negotiations, right? neil: seems to come out of blue, unless i missed something? >> there is a little bit of negotiating in public taking place as well, right? i agree no one wants the government to shut down. i do question whether the president himself want as government shut down. he has been talking about it from day one -- neil: he is accepting a lower figure from the wall, under 2 billion. he was swallowing his pride and taking that. he might not be the issue this go around. >> what bothers me, normally presidents get involved in the negotiations. they work with the committee in order to help figure things out. that is not happening in this case. kellyanne conway saying this
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morning that the president stayed out of these negotiations entirely. to me that makes me wonder is he just trying to stay out and put himself in a position -- neil: most presidents are like that. barack obama didn't get into the weeds when we had shutdowns and like, right? >> personally didn't get in but had his staff involved in there, very much so. neil: how do you know the president's staff isn't there? >> i reckon by what kellyanne conway says. neil: all right. we got that. say we get to that, we now place unthinkable, a shutdown, then what? >> i think you just have a political free-for-all. i don't think anyone want as shutdown. certainly the president doesn't want it. neil: they don't want it, cooler heads don't prevail? >> i think what is happening here, democrats realize this is very toxic conversation. they can use it against the president as a wedge issue. they have been doing that all along. neil: who started the bed idea?
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my understanding it was about on the extreme left, this is big thing with us? >> i think that has been actually something that has been talked about for a while but here is why it is important to democrats. they want people to believe president trump upended existing immigration policies and has been deporting and detaining all kinds of totally innocent people. that is simply not true. in 2014, "the new york times" did a study of 3 million deportations that had taken place under obama. 2/3 of those people had no crimes, if anything, traffic accident or something like that. basically, nothing has changed, but the narrative -- neil: worldwide i might point out? >> those deportations were worldwide. mostly the southern border. if you remember the latino community was very angry of obama because he upped number of detentions and deportations significantly by i.c.e. agents. so i think, this feeds into that view this president has become
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unreasonably harsh and aggressive deporting and detaining people. i think it is untrue. limiting the number of beds, so it is possible, criminals, real criminals will not have a place to be detained is just ridiculous. neil: all right. jim, i'm looking back at the markets, if i get a sense of that, get a sense what they fear happen, this would directly impact the irs. middle of refund season, hey it is not a great season for us, that is something that will have wider impact than the last go round. >> absolutely. it will start impacting important parts of the economy. neil: markets were up, during 35 days of last one, right? >> yeah. but they assumed, correctly so, that they would ultimately have a resolution. it wasn't going to go on for months and months. neil: maybe they don't care about shutdowns? >> no. in this case it is dislocative enough to the economy, function
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of the economy that not only would it be a negative, longer it went on, more negative it would be. speaks to dysfunction in washington unnerving investors to a mark can the up a fair amount. neil: each side wants to your point, jim's point, liz's point, to avoid something like this. not in their interest to happen, but it does raise the level of concern about can these guys ever do anything, and get anything done? i'm wondering, ultimately casts you know, a pox on both their houses? what do you think? >> i think why you see tremendous dissatisfaction in washington. see a lot of dissatisfaction with president trump and dissatisfaction with congress. people are hating congress for an lo, long time, it is so difficult for them to get anything done. i don't think that is the case. i believe both sides, republicans, democrats, both houses are not doing the best they can. last one cost the economy $11 billion. neil: you're closer than i will
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ever be, democrats felt the sense theyed the president on the ropes and they embarrassed him. wanted to seize on this first thing. congresswoman cortez made a big deal about i.c.e., wanting to defund, threw this out at last minute, see if we get them to buckle, not make the wall the issue, but they don't want to be embarrassed on a shutdown issue and will push this. it might have been a grenade in their hand. >> i don't think this is something -- neil: trial balloon. >> just to counter one of liz's points. this isn't the same as obama. those arrests you described are up 203% from the last 14 months of the obama administration. so there is a concern. they want to make sure that i.c.e. is able to focus on going after people who are real threats, who are real danger -- neil: limit it to, 16,000 beds for dangerous folk, right? when we, traditionally keep 40,000 plus, if you wanted to be a stickler about it, that would be, i don't know what the enforcement measures are, that
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would be a very tough adjustment right there. >> the difference as i understand it right now where they are, what the democrats are asking for i believe somewhere along the lines are 5,000 beds. so i don't think this will be one of those sticking points that will -- neil: normal range we provide for beds is in excess of 40,000. don't always meet that. >> actually exceeding it. neil: 42,285. >> yes. neil: if we have figure 16,000, stick to that as drop dead figure could be a problem? >> that is totally a problem. the bottom line, if they shut down again over this issue, democrats own this shutdown. i don't think that works for democrats. but i don't think anybody wants this. we want to move on. neil: yeah, we've got other fights. >> other things to fight about. shutdown over other things. >> exactly right. but i think trump whose approval ratings went up, partly because of the state of the union address, because he looked a little bit like the responsible person in the room. here again he is doing that.
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he is saying okay, i will not get 5.7 billion for my wall. i will take what is on the table and move forward. democrats are not willing to move forward. that is a problem for them. neil: if this is avoided on friday, then what, jim? >> the basic economy is not bad. the market is making the following assumptions, the reason it is up so much the fed is with us. we're okay. we'll get a budget deal. we'll get a china deal. that brexit will not blow us apart. neil: you think we'll get a china deal? >> optically, interim deal. both sides need to hug, we did this, it is important, it will be a placeholder for a few years. this is on going negotiation for a long time but you can't let this slip into the abyss. final thing the only down quarter in earnings will be the first quarter. those are five things the market is focusing on, one of which is the budget. we'll know answer to all of them by april. next couple months are quite important. with the last one is the, the
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earnings reports. companies report, first-quarter earnings in april. neil: right. >> they will be able to give forward-looking guidance about the second quarter. neil: expect to be a down quarter, right? >> first quarter -- neil: this was supposed to be half what it was, fourth quarter. >> but now the assumption for the market to go up, you have to have only one down quarter, a reunder in the second quarter. when companies report first quarter they will speak to that those are five things that have to happen. they will all be answered by the end of april. neil: i didn't understand anything you said but you said it brilliantly. guys, i want to thank you all very, very much. this is coming at a time when washington is looking for new revenue raising pattern and new democrat candidates chomping at the bit to replace the president. they're missing something. what howard schultz said they're missing. his spokesperson is next. this isn't just any moving day.
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>> we should close those tack loopholes designed by and for the wealthy and bring down our debt and make it easier for workers to afford child care, housing and education. >> when i talk about this, some rich guys scream, class warfare. let me tell you something. these same rich guys have been waging class warfare against hard-working people for decades. i say it is time to fight back. [applause] neil: i don't know, i give the edge to amy klobuchar putting up making announcement in the middle of a snowstorm, braving the winds for that but the latest entrants in the presidential race, senator klobuchar and elizabeth warren. it is a crowded field already. those five senators alone, look
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at them, five other in the race right now, many more to come. then you look at outside candidates, that could have a big impact including howard schultz. his spokesperson, erin mcpike with us right now. good to see you. >> good to see you too. neil: how long have you been with the schultz campaign? >> beginning of the year, basically. there is no campaign, i have to say that. he is thinking of running for president. and if he does he would run as an independent. he is really taking a look at this right now, seeing if there is room for a movement, for an independent candidate. so we have more choices than just the two-party system that is not working right now. neil: does that mean he could decide not to run? >> he could absolutely make that decision. neil: when you joined the in this capacity for a campaign that isn't a campaign yet, you would be wasting your time, wouldn't you? >> this is really important thing to see if we have room for independent candidacy. when we know democrat or
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republican, it is so hard to get anything done in washington right now, we're not seeing big things, bipartisan legislation move through congress. neil: we're seeing zero. >> we're seeing see row, right. neil: must look at reaction democrats are giving to him, it is over the top nasty. you can't quibble with his business sense. he has practical ideals that seeing things both parties ignore, deficits, piling debt, ignoring inherent spending problems. those are things parties should rally around, but i guess they think in at least the democratic party he will siphon votes away from their nominee? >> i think that is a false narrative. that is what he has been saying. we have to look at the research. i don't think anybody knows what that is going to be. that is why he wants to travel the country, talk to americans, to see if there is an appetite for this. now we believe that there is. we have research that suggests that there could be room. he also believes that there is a path to 270 electoral votes for
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an independent candidate if he is to run. neil: say 270 electoral votes. most successful third party candidate in our time was ross perot, got 19% of the vote. not any electoral votes. george wallace, he didn't get any electoral votes but we're told he tipped that election to richard nixon. many who talk about perot say he tipped that election to bill clinton. many see them as spoilers. >> the ross perot, i would point out he was leading in the polls, before things went absolute haywire and he quit. he still got 19% of the vote. if we have true independent candidacy bipartisan groupp people a big campaign, maybe he will be able to get the 40% of the vote, what have you, actually win the election? neil: people, when i hear everyone dismissing it, i
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immediately think that is a very good possibility. i do think about the republican party starting, with abraham lincoln coming along who legitimized his party didn't have a shot ultimately bottom to the white house. history proves outside parties, those deemed outside are deemed to have a shot. how would he distinguish himself, how would he separate from the republican or democratic nominee? >> part of it, you're seeing both parties move so far to the extremes. you and i both know, as we talked about many times, there are plenty of republicans who don't like donald trump. they don't appreciate some of the things that he has done. they don't appreciate he is starting these tray wars. i think a lot of republicans are looking for another place to go and i do think someone like howard schultz could provide that place for them. in fact i would say to you, howard schultz is talking to a lot of republicans. a lot of republican former elected officials, a lot of people worked in the party before, believe what he is saying, he is cutting issues
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right down the middle, as opposed oppose government takeover of health care. he approves of the system we have now. neil: socially liberal, fiscally conservative right now? >> i would say he is fiscally responsible, along those lines. neil: another rap that comes up in the anti-billionaire age, the sentiment, respect we need to have for wealthy people, self-starters like howard, now we look at them with suspicion. now that is a view popularized on far left of the party. there is growing support for taxing them. for a wealth tax. higher estate tax. he is in the middle of that. >> he doesn't, he doesn't support obviously what elizabeth warren is saying, simply having this wealth tax. we know some people are saying that might not be constitutional. neil: right. >> he does believe he personally should be paying higher taxes and other people like him should. neil: but he never spells out how much higher? >> i think you will hear more from him going forward if he
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does run. neil: what would make him scrap it, doesn't do it? >> what would make him not -- neil: surprised by the vitriol he got from democrats. >> i would say that is a very small sliver of democrats, many who might work in washington, d.c., actually work for the party. neil: by the way they are a lot more pragmatic than people give them credit for. 40 congressman that made it to congress, 32 were deemed moderate. there might be more of that. >> i think there is a big appetite for it. look, if he gets to the point, six months from now, where the math isn't there for an electoral college victory, let's say, then maybe he doesn't get in. neil: how would know in six months? >> he is going to tour the country and find out, to see what we can put together. >> what is the tour going to do, that you wouldn't do getting vast copious research? >> you have to go out to meet the american people. see --
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neil: how he might or independent legitimate is liked? >> both of those things. how they respond to him and how they respond to the message of having another choice in the election. neil: what would the central message be? >> i think it is, right now the central message is that the u.s. government is not working properly. and it is partly because of our two party system is failing the american people. both parties, with a lot of the leadership in washington, they're engaged in self-preservation. neil: -- anyone. >> that is exactly the point. that is exactly the point. he could bring leadership from both sides together. seeing lamar alexander, patty murray work together, some of the things they're doing can't pass muster through congress. donald trump doesn't want to work with the other side but somebody who is not tied to either party actually can bring both parties together from a more centrist ideology. neil: if he made it to president, what would you be? >> that's a great question. i would like to ask him that
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too. neil: you learned well. erin mcpike, howard schultz spokesperson as he starts a national tour for the white house as an independent. he has money to fund the race. is a possible deal be in the offing? will these two meet in mar-a-lago. more after this. we know their rates are good, we know that they're always going to take care of us. it was an instant savings and i should have changed a long time ago. it was funny because when we would call another insurance company, hey would say "oh we can't beat usaa" we're the webber family. we're the tenney's we're the hayles, and we're usaa members for life. ♪ get your usaa auto insurance quote today.
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♪ neil: all right, the china-u.s. trade talks are on again, this time in beijing. they're setting the stage for what will be bigger ones at the end of the week, featuring bigger players. edward lawrence with the latest. edward? reporter: neil, deputy little talks with china have concluded. these are the lower level talks that will set up that critical meeting between chinese president liu he and robert
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lighthizer and treasury secretary steve mnuchin. this video shows the delegation walking back to their hotel today after the talks happened. thursday and friday is being billed as a by tall moment for the talks. according to the chinese media, they are looking the to push the deadline up to may 1st. the u.s. trade representative is standing by for march 1st. there is talk about president xi xinping and president donald trump meeting face-to-face. they are floating idea about meeting at mar-a-lago. here is what kellyanne conway says about the meeting. >> he wants to meet with president xi very soon. the president knows his policies and tariffs are working. >> chinese pushing back on that. government officials saying they want to hold the face-to-face meeting on chinese resort meeting hunn march 26th through march 29th. for now the talks are
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continuing. neil? neil: what if it doesn't materialize in the time frame the markets want to see? go to glenn hall, "dow jones newswires" chief editor. a lot of possible wire trips here, aren't there? >> absolutely. the market is listening for every signal and possibility of moving that either side has advantage in the talks. we'll continue to see that volatility until we have resolution here. >> what would resolution be -- you and i have gone back and forth on this for months now, what kind of a deal would spark a strong reaction on wall street. one prevailing view, any deal at all, i'm not sure i'm in the camp anymore, doesn't mean anything, now given delay, we're scrutinizing it much more closely for something substantive, in other words on intellectual property, on trade v.ket and the rest, openings in the market for technology firms and the rest so we've raised bar understandably
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or haven't we? >> i think the big thing right now march 1st deadline, the president has to decide by then whether to impose the next round of tariffs on china. neil: what do you think he will do? >> i think he left himself a little bit of wiggle room in the sense he said if they have made progress, progress that he is satisfied with, then he will continue to hold off. he never really deep fined what the progress would be. neil: march 1st deadline was pushed back when the same progress deemed some months back. it could be like moving the goalposts. the markets might not respond favorably to that could they? >> what we're hearing from inside the white house they probably need to have something to offer, some pledges of new purchasing by china, some additional promises like those they already made in terms of opening up the car industry, opening up the financial sector to more outsiders, some signal like that would allow the talks to continue without the tariffs potentially. neil: what is your sense about what would happen if we did get a deal, leaving the market
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aside, the president hopes to eradicate the gap, the trade gap between our countries which is perennial and growing. what if it doesn't do that? >> if the trade deal comes out and we don't see any meaningful shift to support the president's agenda, to support the further growth of the manufacturing sector he pledged in this country, that will be a real challenge for the president heading into the 2020 elections. so he has a little bit of pressure on himself, in order to come out of these talks, with something he can take to the base and take to the american people as a success. neil: glenn, you reminded me to the market has more immediate concerns like earnings and we had just coming off largely mostly reported fourth quarter results which were double the return we expected in excess of 15%. this quarter we're in right now, they're looking for a slight contraction that could easily turn positive. what are you hearing? >> there are a couple things playing out here. so far the economy is looking strong in the united states, but there are those headwinds, china is looking a little weaker,
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europe is looking a little weaker. brexit is weighing on decisions out there. there is a lot of moving parts in the economy right now. it depends on the u.s. consumer in many measures. we're still seeing strong signs the support from the consumer. we're seeing the transport sector doing really well, on anticipation continued e-commerce will drive economic activity here in the country. so that is one of the bullish signals. i think there is still a lot of reasons to be cautious because of the risk in the environment. neil: well-said. glenn hall, "dow jones newswires" editor. thank you my trend. strength in the transports is one of those we watch, gets attention in the dow theory a as transports go, trucks rails, air carriers and rest that move goods. if they're looking strong, the demand is sort of understood there, for foods to be purchased
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good to be purchased, keep the economy going. it has uncanny parallel to the strength of the market and later on the economy. we'll see if it holds true. meantime in chicago they're looking to give $1000 a month to some residents. then what? and every time we move, things change. apartments become houses, cars become mini vans. as we upgrade and downsize, an allstate agent will do the same for our protection. now that you know the truth, are you in good hands? if you want to know why people you have to start by asking... could listening to audible help you find the secret to a stronger relationship? sometimes it doesn't take anything at all for us... just say "alexa, give me my free audible book,"
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neil: morgan stanley is now officially in the business of courting millionaires, even if they're not millionaires yet. susan li, new york stock exchange with more on this. >> incubation of future millionaires. basically morgan stanley made their largest acquisition since the global financial crisis. they're paying out $900 million, which is 43% so solium last price. it manages stock options and in the very generous compensation packages. not just any companies. tech startups, like stripe and instacart from india. they may not be rich now, but if
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they have a very successful ipo, a lot of stock options may turn into millions or maybe even billions. that funnels nicely into morgan stanley asset management and wealth management which overseas $2 trillion worth. they really need to compete in the online tech space with the likes ever fidel and e-trade. they are looking for younger clientele. they may not be even familiar with the wall street names like ms. morgan stanley seen more stable revenues and stable profits since 2000 but they have had problem with trading in the last quarterly earnings. wealth management seen more stable and possibly more lucrative with shrinking balance sheets with a lot of wall street firms. neil? neil: susan, thank you very, very much. amazon had already made it clear it was rethinking its commitment to opening up a center in new york. was it because jeff bezos was tired of the criticism he was
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the 25,000 jobs that come with it, but still a lot of critics say it shouldn't happen including this guy. new york city council leader, from queens. councilman, good to have you. thanks for coming. >> thanks for having me. neil: amazon says if you don't want us we'll pull out. what do you think? >> i think it's a bluff. amazon always wanted to come to new york. in fact we didn't need to offer them $3 billion of incentives to come here. so look, there is a lot of organizing going on. there is a lot of opposition and i think it is a classic case of when workers try and organize and unite, the company says we're just going to leave town. then you will not have any towns. i don't believe it is real. what i think is real, we have loud and clear, raised our objections and voiced our values. when amazon declays in the city of new york city, that they will crush union organizing and crush the rights of its workers the
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rights to organize, we have to respond. that is what we're doing. neil: is this more important for the unions or the 25,000 people who hope to get jobs, whether union or not? >> well, you shouldn't have to choose between one or the other. i mean, i think, folks can come to new york and speak to the values of the city of new york. and amazon stunned us at the city council last week they declared openly, defiantly, they will attempt to crush any organizing efforts on the part of their workers. that is simply unacceptable. neil: you could wait until the workers are there and not deny 25,000 folks who could get jobs in the hope of eventually unionizing them, you might be killing the baby with the bath water. does it worry that amazon may make good on the threat, hop across the river to newark? >> amazon's track record throughout the country in
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seattle and we should absolutely hold their feet to the fire now, not welcome them, and hope they do the right thing. neil: but if they do the thing you don't want to see, they go elsewhere? they had at least a dozen other cities they were considering? >> if amazon wants to leave because they say your values, the city of new york, whether that be us as a sanctuary city or as a labor town, are inconsistent with their corporate values, then they should go. what we're saying to them is, we're not bending our values. it is not jobs at any and all costs or we will sacrifice the very things we believe in. neil: but are you willing, councilman, to stand by that? because the governor is getting pretty scared about this. even new york city's mayor is getting pretty scared about this, you could be chasing away a golden job opportunity that doesn't come around that long? >> he will look, the city of new york, the last time on the show, years ago we debated walmart. we fought walmart and we were
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very successful. and yet many, many companies still wanted to come to new york and still want to come to new york. if amazon decides to go somewhere else because they can't hack it in new york, because they refuse to speak to the values that we as new yorkers hold -- neil: not about them wanting to hack it in new york. they just don't want to put up with a lot of political biting, the deal they thought they had that is being reconstructed now, they might be say to hello with it, we'll go elsewhere. can you tell constituents, thousands of jobs came with, runup in real estate hopeful, the ignited activity around and prospect for jobs have nothing to do directly with it, benefiting from this, we're kissing all that away, i hope you know why, we did it roar to the right reasons? will your constituents teal that way. >> i will speak to that i don't believe the jobs will go to my
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constituents. the truth is amazon will hire a lot of folks, highly-skilled from outside of new york city and when you talk about property values, yes, if you own property in the area, you stand to benefit. but if you're a renter in the area, the truth is you're going to get priced out. this is going to result in gentrification. neil: the bottom line, you don't want them? you don't want them? >> we don't want amazon and we don't want amazon particularly what they have done here is come to new york city and, look, i fault the mayor and the governor too because they told amazon, we've got this done for you. we're going to grease the wheels. we're going to bypass the city council, all things will be great. then we rose up. amazon was sold a bill of goods from the mayor around the governor that hasn't turned out for them. i understand why they might be mad but the truth is my obligation to ask tough questions of amazon. that is what i'm doing. neil: councilman, thank you very, very much. we put out a call to amazon to get their response to all of this.
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haven't heard back. meantime there is separate issue for amazon chief jeff bezos in his battle with american media. american media is pushing back against the billionaire's extortion claims. take a look. >> absolutely it is not extortion and not blackmail. what happened was, the story was given to the "national enquirer" by a reliable source that had given information to "the national enquirer" for seven years prior to this story. it was a source that was well-known to mr. bezos and miss sanchez. neil: all right, we just don't know. it is still early on in the investigation here. we have an attorney who says that ami, the parent of "the enquirer" could face a legal beatdown. what do you mean by that? >> absolutely. if you look at the section of the code, 875, what extortion is, it is an attempt to obtain something of value by making threats. this is not a normal behavior for junenallistic organization or news organization, offer
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basically to quash a story, in exchange for a statement, false statement, even before the bezos team completed investigation, that it is not politically motivated. why would you do that unless you were trying to basically manufacture the narrative to your favor? neil: so, dominic, what they're saying is, ami at the time wanted to get to the bottom of what jeff bezos wanted to do. he was launching an investigation into how "the enquirer" got his texts, photos, all that stuff. they come along and say, you got to stop this investigation, say essentially that nothing came of it. but it is the wrong -- >> it's a lie. neil: the editor, dylan howard, that raises my eyebrows, i'm not a lawyer but you are, it would give no editor pleasure he writes to the bezos team to send this email. i hope that common sense can prevail and quickly. certainly sounds like a little bit of strong-arming to me, but
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does it meet the level of extortion? >> does it rise to the level of extortion? that is question for prosecutors and investigators. neil: does it to you? does it to you? >> yes. yes. neil: but there is no payment involved here. no payment involved, that is what they said. >> it doesn't have to be payment. extracting something of value. they wanted him to make a false statement that was not politically motivated. the bezos investigators were looking into the evidence. looking into what motivated it, where the pictures were obtained, right? we're talking about private photos which bezos is entitled to copyright protection and private text messages. if they go out and you say this, is not politically motivated, that you're ending your investigation, then we won't publish. that kind of quid pro quo. if you traffic in sleeze, sooner or later you will be brought to your knees. that is the lesson that gawker learned. that is a lesson ami might learn here. this is existential crisis.
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the bully picked the wrong victim in this case, bezos is fighting back in a clever way. neil: or is he shifting attention? this is legitimate story for anybody if you have the the world's richest man, an affair, texts, pictures. ami's lawyers say we reject any assertion that the reporting was dictated or instigated in any manner by any forces political or otherwise. they're saying on any plan it, any media organization this would be a big story. you say? >> this is not normal business negotiations, right? this is a threat. it's a clear threat that we will do something damaging to your reputation. we were, we intend to cause embarassment unless you make a false statement, you say that our reports are not politically motivated. and remember, in the michael cohen case, in the for which they signed an immunity deal which could be threatened by
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this, they were agents, they were found to be agents in that case and not actual reporters. neil: you don't buy the premise, this is simply put, was and is a news story -- >> this might be a news story, it might be newsworthy but the first amendment does not protect criminal behavior. it does not give you right to make threats of blackmail and extortion. neil: if the first story they had already did that to bezos, what do they have to gain from follow-up, further embarassment to bezos? >> well, presumably, lewder photographs and more embarrassing text messages, exchange for them encouraging to make a false statement a statement he had no reason to be sure of unless the investigation is completed. unless you make the false statement that rush reports are not politically motivated, unless you stop your investigation we're going to print these personal photographs which presumably have been stolen from your phone and these personal text messages. not very smart thing to do. neil: they clearly did say there
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was more to come. that would be in the offing if they didn't cooperate. dominic, thank you very, very much. fascinating case. >> thank you. neil: still early on in that battle, but when you take on the world's richest man expect him not to respond, surprise. more after this. k based on what's trending or an investing goal. it's real-time insights and information, in your own customized view of the market. it's smarter trading technology, for smarter trading decisions. and it's only from fidelity. open an account with no minimums today. and it's only from fidelity. itso chantix can help you quit "slow turkey." along with support, chantix is proven to help you quit. with chantix you can keep smoking at first and ease into quitting.
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that's it. i'm calling kohler about their walk-in bath. nah. not gonna happen. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ finger snaps ] hmm. the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower than some leading competitors. the bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. kohler is an expert in bathing, so you can count on a deep soaking experience. are you seeing this? the kohler walk-in bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. everything is installed in as little as a day by a kohler-certified installer. and it's made by kohler- america's leading plumbing brand.
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>> they're going to keep working at it. the plan is another two and half hours you'll have the house and senate lawmakers meeting for the talks are at a standstill. chad has the latest. what are we looking at? >> were having the chairs of the appropriations committee in the house and senate ranking members and patrick lay he, they're gonna meet in the office of richard shelby, who is the chair of the appropriations committee. they're trying to get the talks back on track. the other part is, what can they do at a minimum to avoid a
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shutdown. keep in mind, neil there are seven outstanding spending bills. nobody wants to shut down. could they take those six bills which have largely been agreed to and approved those in in minibus where they group them together and then do a short-term bill for the department of homeland security. at the end of the day for all seven bills that leaves a lot of measures of money for democratic priorities and domestic spending on the table. the sticking point when it comes to homeland security, it is interior enforcement. these ice detention and the restrictions were no restrictions perhaps on ice agents. this is the sticking point, not so much the wall money. i was told over the weekend that the president was working towards signing an interim spending bill. but we don't know. if he gets to be thursday night and they have an agreed amino
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how volatile this could be when the president says maybe he will sign something or maybe he won't. >> i'm wondering in the end, where this whole thing came from? where did the southern attention to bed and attention centers that just seem to come out of closecold air. >> every time you get in one of these negotiations it doesn't matter if it's appropriations bill or something there's always issue that comes out of left field that surprises everybody. it's usually not the central issue which i thought was going to be border while spending. if you look at this, you can see were democrats have been saying, we don't like the tactics by ice. we don't like their overaggressive detention of people, rounding up people who might be here legally or have criminal records. the rounding up people who do have criminal records and this is who they want to get it. in some respects, maybe that will wasn't below the radar. democrats are flexing their muscle because they have the upper hand because republicans
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don't want a shutdown. they might feel like they have the president sai over a barrel. >> anna, are democrats potentially overplaying their hand if that's the case? they came up with that thought it would be a new wrinkle, new avenue. they thought the republicans would quickly full because they don't want another shutdown? >> it's a concern. if you look back at the first shut down, democrats came out fairly unscathed. it is really the president and republicans feeling the heat and responsibility. while it does see maybe it came out of left field, maybe the press wasn't talking about, it's an issue that for democrats and for immigration activist is key. they care a lot about. something they might be willing
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to go down the end of the line to try to get republicans to cave. >> there is an element in the democratic party led by congresswoman cortez who just says defunded altogether. then there's an interim approach cut down on the number of beds they provide for detainees, criminal or otherwise. the average has been about 42000 that are housed at any given moment. they want to bring it down to about 16000. nobody's stuck on these bed numbers anyway. i'm wondering if this is much to do about nothing. >> i don't think people involved, both republican and democrat would say that. i think they're both really entrenched in their positions. >> they are advocating that. >> i do think that what often happens in these deals and you seen it many times is the darkest days of congress before a deal gets cut there seems to
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be moving forward. there are the deadline coming up this week but there are still several days. that's a long time when it comes to congress and the white house to cut a deal. >> i just want to look at one side or the other to react when it comes to a shutdown. the president would come out and say this is all about the wall. i want to 6 billion and they did give me 2 billion. i swallow my pride and went with that then all of a sudden they came up out of nowhere. maybe to your point but, he could sell it is, they just pull this out of their hat and on supposed to swallow it. it's not happening. what you think? >> i think the blame game will start immediately if not before hand. you seen that with the white house. had the end of the day i think
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it's an unattainable situation. they're talking about potentially having a shorter congress is very good at kicking things down the field setting up for another crisis six months from now. >> it's so good chatting again. thank you. >> there is a bit of bad timing for the irs. it would be among the organization directly hit by another shutdown. just as refunds are going out.
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will let you know what the impact is going to be. dan, the refund issue, part from the government shutdown of what people could be facing it would make sense that it's refunded. >> wait there statistics, mark twain it's how much total did people get more in their paychecks throughout the year as opposed to when they file their tax return in april whether they will get a larger amount at that time. >> so, what about a hijacked
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staple. this is applied to a variety of other things that hit people they see it only now. what people are seeing right now is the impact what the new tax laws going to really be about some people are going to know how did i make out i think they were divided so that people were going to get more money in their paycheck as they went along. at april 15 comes. what's going to happen did they make it look more generous than
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it was the president wanted people to have more money on their take-home pay checks. let's talk about this. was the economic impact or the timing of people having this money in hand. the if they have all larger some on april 15 does that mean around that time that disposable income that they would be more likely to spend as opposed to having more in their paycheck throughout the year? i will have more impact on the country. >> did they move too fast they
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could either cut that off entirely. that may be the case. they rush this thing so quickly. i think in the end something so complicated as tax reform i would agree with the theory. this could be rushed a little too quickly. there is some fallout that may not have been anticipated. that may really have some economic impact in the country. >> in other words this refund, it would affect their spending payment plan. i believe that is the case. people have short memories.
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that little bit they're getting on their paycheck over the course of the year. many people use that tax refund as a savings vehicle. now, they are anticipating tax reform would give me more money. wait a minute i don't have as much of my tax refund as i thought. that was because you had gotten it over the prior 12 months. oops depending on how they want that money. which, by the way neck never recommend doing. >> because of the shutdown looming because there's delays on those refunds which could very well happen, not you have people getting held up and getting that money for who knows how long. >> neil: i remember a little over a year ago you're saying, be careful, look at your tables, plan accordingly. a lot of things were factored into this. dan, thank you. >> thank you. see, dan avoided that.
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he also believes there's a path to 270 electoral votes imagine if we had a true independent candidacy with a bipartisan group of people and a big campaign. maybe he will be able to get that 40% vote and actually win the election. >> takes 270 electoral votes to do that. ross perot, as well as he did in 1992 getting 19% of the popular vote, he didn't get one electoral vote. it's a tough climb. they think yes it is and he'll take a national tour to see how doable it is to run as an independent. >> nothing she said surprise me. i've been speaking to speak with the team and there is a fairly significant team if they say they're not running, steve
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schmidt talker he goes for a very prominent firm. they have her, they have real people on the ground. in substantive people. the thing is when you speak with these folks off the record they are much more reluctant to say he is going to run. they understand the numbers are tougher than she suggesting. >> he would have to know that ahead of time. i think he was surprised by the vitriol. >> i reported on that. he was blown away. flabbergasted, shocked that he was going to get that much pushback. >> and caused him to recalibrate this. if you notice, he's out there now saying, i'm not going to do anything that will allow donald trump to win the election.
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he is saying that right now. so, my guess in the end he doesn't do it. i could be wrong. whenever i say that to them, they pushback don't be so sure. >> your an argument that could work equally. >> i would say this about ross perot. i remember ross perot initially brought on a bipartisan ticket that was a wave away from the establishment. he brought in hamilton shorted a long time jimmy carter advisor. then he brought in ed rollins, a longtime republican. in the end, the campaign really morphed into a republican, second republican party. ross perot's positions were much more gop leaning than they were democrat. he took votes away from george bush, obviously.
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>> neil: the argument is that i'm wondering how the threat of another shut down plays into his hand. >> yes, maybe. i really think that his positions are so left of center that when it comes down to social policy, even spending policies. he is much more reasonable than the lefties of the party. on fiscal issues, he's pretty much -- >> neil: nephew ray and he would run with it democrat. even greater, 43 billion. >> three or four might even be more than that. and then you have joe biden, he is also just hovering around this democratic model and amy klobuchar. >> neil: that might be a tough
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sell. >> listen to them, listen to elizabeth warren, it's up higher taxes on everybody. it's wacky identity politics. kamala harris said today she wants to justify legalizing marijuana because they do it in jamaica or something like that. this is like far left looney tunes stuff that even rivals donald trump's. >> it goes beyond. i think it goes beyond donald trump's crazy tweets. >> it resonates not with the public but maybe with their base. >> when people are asked about some of these, they should be more. >> just to think do people want the identity politics stuff? they don't want to identify with me. >> neil: you think that would be an opening?
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>> i think it's more of an opening for bloomberg. i think scholz is more left-wing than bloomberg. i think bloomberg. >> was scholz still run if bloomberg was the nominee? >> i don't see why they would. it would be like the liberal. >> it's hard to sort out. thank you very much. we have more coming up. we are down 26 points right now. we have had seven up weeks in a row. now, now they're trying to say, could we do it for eight weeks? it's still early. >> these are so influential. they can move entire nah. not gonna happen.
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that's it. i'm calling kohler about their walk-in bath. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ finger snaps ] hmm. it's soft... the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower than some leading competitors.
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the bath fills and drains quickly, and the door ensures a watertight seal, so you never have to worry about leaks. kohler's walk-in bath was designed with convenient handrails for added stability and safety. the wide, ergonomic seat is tilted back for comfort and stability. it has a channel so water won't pool on it. and it positions you perfectly by the controls. while the heated seat soothes your back, neck and shoulders, warming up your body before, during and after the bath. kohler is an expert in bathing, so you can count on a deep soaking experience. honey, are you seeing this? the kohler walk-in bath comes with powerful, fully adjustable hydrotherapy jets and our exclusive bubblemassage. oh yeah, that's the stuff. everything is installed in as little as a day by a kohler-certified installer. and it's made by kohler- america's leading plumbing brand. we need this bath. yes. yes you do.
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it was pretty substantial. those trade concerns are among the many in corporate america. we wait to see if the deals will be coupled together. the so-called, be team is in china right now setting up for the 18. that will be led by our trade ambassador. it is an uphill battle. you think we will get her trade deal to avoid not least tariffs on 200 plus billion dollars of chinese goods? >> what we believe investors are looking at is number one, let's just get something and lower the temperature in the room entrée. the bigger issue that i don't believe will get right away is what the president has rightly focused on which is intellectual property.
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that's a bigger river to cross. we think if they can show positive momentum the street will react positively. soon the chinese interest in u.s. interest to get something done soon to lower the temperature. >> you think a deal that would have the intellectual property stuff resolved by march 1, as long as other key features were commitments to buy more american goods for wheat, barley, soybeans would be good enough to appease wall street. >> exactly. you have trump in the chinese president getting together at mar-a-lago in mid-march. the intellectual property issue is a huge issue. it will take the big guys to get together and really frame out how we address that. >> neil: we don't know for sure if that meeting will come to pass. that's the goal, but they are nowhere close to something, that could be pushback. what's the market reaction to yet another pushback meeting or one where we do not delay the
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imposition of the tariffs. in other words, this thing potentially blows up. then what? >> the imposition of the tariffs would be a negative for the u.s. and for global markets. there would be a big negative. it would just set back a lot of work that has been done. we would be that negatively is investors. that would be a very bad move. >> i'm wondering, we chatted about this notion that china is clearly slowing. while it's hard to look at the numbers they give us, when they are admitting to industrial activity slowing down, retail activity slowing down. real estate slowing down, it's gotta be worse than they're saying. i'm wondering if we do score deal differ in that world of economic hurt, will it do them or us any good? >> put yourself in the chinese
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seat. 2022 is when his term is up. i think he would love to extend that for another term. so, he has got to maintain that economic momentum. he's got to show the chinese that he's the effective leader nationally and on a global stage. he has a lot at risk. take a look at the article on the wall street journal. china needs to get something done. there's a sense the chinese economy is this giant that can't be challenged. they have challenges and need to get this done. >> will see if they get it done. thank you. good seeing you again. >> another big teacher strike could be in the offering this time in denver and this time with issues that are fairly big.
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>> that haven't seen something like this in 25 years in denver. the teacher strike is looking likely. >> good afternoon, neil. the strike did start this morning. there is hope over the weekend they would be able to avoid this. this morning, around 630 local time, teachers came from a news conference and said they were walking out. this is the largest school district in colorado was 75000 students in more than 5000 teachers. in full disclosure, i do have kids in that school system. my family is impacted. teachers did walk off the job after negotiations broke down. later, some students decided to walk out as well. >> water have your teachers told you leading up to today?
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>> there disappointed in what they're doing. i'm just happy for them. i think it's a long time coming. >> did you walk out of class today? >> yes. >> just show your support? >> yes. >> this all comes down to how much teachers make in the way in which their pay increases over time. right now both sides are about $8 million apart with teachers wanting an increase in the base pay and will bring in more cash to the table to raise base pay by lot about 11%. wants to allocate money towards bonuses and incentives. the current system is too unpredictable and complicated. the district superintendent said this, after the union walked out of talks on saturday and called for a cooling-off period. >> i'm incredibly disappointed. this is the most important thing we could be doing working together for an agreement.
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we are ready, willing and able to continue working on a deal. >> i want to show you this video that was taken from the third floor of east high school, the building behind me. it happened shortly after the strike started in some to students decided to leave. [inaudible conversation] i talked to some students. they said it seemed too chaotic inside the school. they said they just wanted to get out. there are students inside it and the officers here trying to keep things safe and calm. negotiations begin again tomorrow. >> when i think of you in your own kids, if this drags on a while, what kind of reaction even just from kids and then parents themselves who have to look at childcare, as this is
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sorted out for what could be a long time. >> there is a tremendous amount of frustration. i can speak on the part of parents, for sure. my kids are middle school and high school so it's not as tall for child care situations. but, the extended daycare like the younger kids, the ones in kindergarten, they had to close that town. that's 5000 kids that didn't go to school today and parents who had to scramble to figure out what to do with their children. there is sympathy here and empathy for teachers who often have to live together. i've heard of teachers living three or four in the same house because they cannot afford to have a job that they love and live in a city they love as well. it's incredibly expensive city. the cost of real estate in denver alone has skyrocketed over the years.
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it feels very intractable right now. the governor can intervene if he wants, he declined to last week. he fields the sides are closer together than further apart. but it doesn't sound that way. >> thank you. >> neil: the jeff bezos situation going against the national enquirer. he's fighting fire with fire. as he has a case of extortion? that newspaper was going out of its way to strong-arm him. the judge on that, after this i landed. i saw my leg did not look right. i was just finishing a ride. i felt this awful pain in my chest. i had a pe blood clot in my lung. i was scared. i had a dvt blood clot. having one really puts you in danger of having another.
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>> we don't want amazon.we don'n particularly because of what they have done is come to new york city and looked at both the mayor and the governor they told amazon we've got this dumpy. were going to grease the wheels and bypass the city council. everything will be great. then we rose up. >> he did rise up. right now jimmy saying that if it comes to amazon either fixing they what they find offensive in this deal and higher 25000 people with it, then he is happy saying, goodbye amazon. these are both long island cities.
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>> that is right. first and foremost, i did contact amazon to ask to respond to that, but they have not gotten back. but that wasn't the only one against the plan. we know there have been protest in the street. from the city in the state. i spoke with a local politician. he grew up in queens. ron kim, here's what he told me. >> going the wrong direction, the bigger you are, we been giving away incentives and taxpayers money. we should've subsidize that. we shouldn't be supporting that.
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>> so, he actually is the son of local merchants. he said his story and perspective is very personable. i said what about the $25000 jobs. normally they pay a little bit better-than-average. he just said, listen if the city in the state are willing to subsidize the businesses, they should be subsidizing local businesses that will flourish and be a part of the community. he likened amazon's relationship with the merchant to a very dramatic word. >> thank you. i have other events concerning the ceo of amazon. but first, your reaction. >> the politicians don't understand economics one oh one. 25000 jobs average raise between 75 and 125,000 what is that due
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for the local economy as well for the conference of the government. these people should put the high ideology aside and be grateful that that kind of economic growth is about to come in their neighborhood. instead, they said not in my backyard. >> his biggest thing is they're not going to be union jobs. would you be saying no to 25000 jobs simply because they're not union jobs? >> it's hard to believe that politicians can have that kind of interference with such major potential economic growth. >> do you think amazon means that? >> it's able to do that. in many places they would give them the same or similar deal. then we switch gears. jeff basals had this issue, i had a feeling he's more concerned with was concerned with the national enquirer, it's
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extortion, the lawyer on we can show saying it's not extortion. >> i know the lawyer. i have great respect for him. but, he has a client to represent. but, i have a different view as do most of us. if these events occurred as jeff it be so said they did, if you don't stop your investigation as the ultimate source of the information about you, we will publish more embarrassing photographs, that is classic black male. the punishment is the same. a federal statute that prohibits that threat. the first amendment is no defense. one thing they said is they have a first amendment right to publish it. correct. publishing is not the law. threatening to publish and demanding silence because of the threat, that's a long.
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compound this with the agreement with jeff berman, the u.s. attorney for the southern district of new york to be as pure as caesar's wife in the next three years return for not being prosecuted in the michael cohen finance and he has that monkey on his back. my prediction is they will negate that deal. they will indict either ami or david pecker in new york city. that will bring michael cohen out of jail. this last thing the president wants. michael cohen skilled plea, what are the federal prosecutors say to the federal judge, this was all orchestrated by donald trump. that's all going to come out in the trial if it will happen. >> you're right. it might enter into that three year deal. and then all of a sudden they do this and neither make amends with the president, war, or
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else. what do you think? >> i don't know how this ends up. jeff bezos seems to be livid. >> he has the resources to do whatever he wants. obviously. >> why would they put his name on that knowing e-mails come back to haunt you. >> of course they do. this was a negotiating technique. you cannot negotiate with the threat. >> they are clearly threatening throughout this investigation, or else. >> not only dropped the investigation but state affirmatively that no politics or politician is behind this. that is classic black male. >> but not extortion because extortion would involve money. >> extortion equals coercion.
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so, extortion has have coercion in it. i'll break your legs, all on these the fbi area black male, i have these pictures of you. shut up or i publish them. that's the difference. there is no violence or threat of violence and black male. but there is, in extortion. >> did you feel compelled to say the definition was best described as, i will break your leg. >> somehow just came out like that. >> in law school, that's a classic example of extortion. i don't know where they got it from. >> when we come back, now, national emergency to get what the president wants. why democrats are saying that, after this i've done all sorts of research, read earnings reports, looked at chart patterns. i've even built my own historic trading model. and you're still not sure if you want to make the trade? exactly. sounds like a case of analysis paralysis.
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neil: they have not specified where the money is coming from, a task force for mayor rahm emanuel of chicago, talking about giving residents $1000 a month spend it whatever they need. jonathan hoenig is not a fan maybe he will spill out more details on "bulls & bears," special guest star performance. what do you think of this. >> call a spade a spade. this is marxist wealth redistribution. that is what is it is being proposed. take $1000 from chick who earned it and give it to people which didn't earn it. that is evil. founders talking about the pursuit of happiness. it was pursuit, wasn't promise rights and gifts will be handed to you by others this is destruction i have to taxpayers have their own wealth and lives
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restricted but harmful to the low income citizens that city planner want to help. there is plenty of evidence to confirm that as well. neil: do we know the income level it taps out at? for poorer chickance, right? -- chicagoans. >> i can promise what the result will be. this is been tried over and owe pen. it has been tried here in the united states, back in the 1970s the government had something called the negative income tax. essentially what we're talking about here. the net result people worked less hours and spent more time on unemployment. more recently, canada, finland, they have all tried universal basic income schemes, neil. they fail, they fail long and short term, more than anything they destroy people's self-esteem. giving you $1000 means nothing. it doesn't help you get the job, get off the mat. here in chicago we've seen it, neil. we've seen it over decades. the welfare state destroyed some
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areas of the south side, the west side struggling right now. what they're proposing more welfare, more welfare state. it will only have a negative effect. neil: i was reading your local press. it was coming from existing funds. i didn't know chick cohad existing funds. where would the money come from? >> from taxation, neil. illinois, specifically chicago our finances are a mess. decade and decade of mismanagement and corruption. in fact, kneel, that is one of reasons finland abandoned their experiment. same thing with canada. it was fiscally unsustainable. so certainly chicago don't have the money, neil. honestly if we did have the money, if want to help people, they would stop keeping walmart out. foreyears and years the city did everything they could keeping walmart from coming in to give people jobs to get them off the
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mat. these welfare hurt people specifically intended to hip this latest effort, universal basic income is another example of that. neil: it is not just isolated to chicago. kamala harris is among those signing up for 5 to $6,000 a month to give to some americans. i don't know what cutoff is there. plan endorsed by cory booker as well. what is going on here? >> i can't explain it, neil, other than the continuing rise of socialism, this sense you have a right, right to health care, right to education, or even a right to an income. that income is produced by someone else. the proper understanding of a right is that, you have a right to act. again, that is why the founders talked about the pursuit of happiness. every american has the right to get out there to pursue his happiness, to pursue his wealth. to sit back the expect the government society will give it to you, long-lasting
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implications are destructive. destroys the people's incentive, their self-esteem, willingness to work to bain new skills. i think it comes from a benevolent place we want to help those in need. truly teach a man to fish, if you want to help them. get the first job at walmart, pumping gas or anything. give people money, restricted from others, doesn't help anyone. it only creates more misery all around. neil: howard schultz is a critic with these type of plans. he is going nowhere fast, certainly as democrat. he is pondering a independent run. how far do you think he will go? >> we need, more political discussion in the scene especially on the local issues. more than anything, i hope howard schultz or any of the other candidates take a principled stand. it is wrong. you have a right to your own money you earned. it is not collective public money to be redistributed to anyone, whether it is those in need or steelworkers and farmers or anyone else.
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that is americanism, neil. property rights. you work for a dollar, you own that dollar. that is what will save this country. neil: put you down as a maybe for the plan. not a big fan. see you on "bulls & bears." a fan of this guy as well. charles payne. down 52 points. charles: thank you, neil. i'm charles payne. this is making money. investors trying to remain optimistic over a possible trade deal with china. i go in depth why rich chinese spending habits are pointing to a deal. a rally for the president to avert another government shut down. will he declare a national emergency? i will ask a panel of market experts. jerome powell warning about hutting him in the company as alexandria ocasio-cortez. all that on
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