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tv   Cavuto Coast to Coast  FOX Business  March 13, 2019 12:00pm-2:00pm EDT

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bounds. no end. two gigantic breaking stories. liz: that's right. stuart: constantly, adding to the knowledge of the story. great stuff. regretly our time is up, but neil, it's a yours. neil: stuart, thank you very, very. boeing has turned south here. there was runup in the stock maybe as as a result of a 26, almost $27 billion of market value that was wiped out from the company since sunday's ethiopian airlines crash. we don't know the details of the latest canadian restriction. this seems as ashley pointed out a little more sweeping than we had seen before. boeing stock is down as i said. it is one of two stocks are down. imagine how the dow would be doing even without that 60 point advance. this is weighted by the price of the underlying issues and boeing is an expensive stock at north of $373 even though it has seen a good deal of that shaved in the last few days. we're also learning that the
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pilot of the crashed ethiopian boeing jet reported flight control problems. we don't know details of what those problems were. the ethiopian government is turning that over to experts abroad. black boxes are sent to europe for analysis. french citizens were involved in that crash they are investigating on their own. a lot of material is coming to them as well. deirdre bolton with the latest details on the fast moving developments. >> going deep near the canadian announcement, restricting commercial of boeing 737 max, 8 and 9 jets. so they are saying no arriving, no departing, no-flying over canadian airspace in either of those two models. so, neil, this really put this is focus on the extent to which boeing's two models are being questioned by the world's business community. as we know multiple nations including the eu, have suspended use of that one particular model, the 7 model or the max 8
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model rather, grounding about 2/3 of the jets in operation around the world. now as for the faa it says its review shows no systemic performance issues. president trump also spoke with boeing's ceo. he said he got assurances that the aircraft was safe. senator cruz on the other hand, he is the chairman of the senate subcommittee on aviation and space, he is actually suggesting grounding the 737 max model in the u.s. he says he will hold hearings on the model's safety. the date not yet set for those hearings. but in this most recent tragedy of the ethiopian airlines crash, an airlines spokesperson told the news agency exactly what you said, neil, that the pilot reported flight control problems before the crash. so there is this implication something went wrong with the aircraft. in other words, we know birds fly directly into the motor,
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this is not outside menace zare yo. they are sending the boxes from the crash flight to europe, not to the u.s. to be analyzed. separately nor wide an airlines seeking compensation from boeing, and lost revenue, the extra costs grounding its aircraft. an airline spokes person saying we expect boeing to take this bill. the same boeing model crashed off the coast of indonesia five months ago. all the crew and passengers died. there is no proof of any link between the two crashes but there is more attention on an automated feature of an anti-stall system that dips the aircraft nose down. now the stock had been higher this morning until these headlines coming through from canada, but as we can see on our screens now, that stock is moving much lower right now. neil, back to you. neil: all right. deirdre, thank you very, very. as deirdre was speaking here we're getting a little more details what the canadians are banning here. that would also include the
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larger model of this jet, this boeing jet. that would be something a little, not seen prior to this they have always been focused on the 737 max 8. and that is something you will find in big supply at southwest, american airlines, they have a lot of them, between the two of them, better than 60 such models. united as the bigger model, the 737 max 9 that has not been implicated or drawn into any accidents that we know of. canadians included that in their list of models of this plane simply cannot, will not allow access to canadian airspace. this on the heels after dallas morning news report citing a number of pilots in the past that expressed reservations about this particular model. the news found there were five complaints on this boeing model in a federal database where pilots could express their frustrations or voluntarily report any aviation incident they had without fear of
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repercussions. one pilot did that saying that the 737 max 8 model that he was flying was inadequate, almost criminally insufficient in a flight manuel that really didn't help explain itself and what special conditions have to be taken when you're plying that plane. faa licensed commercial pilot anthony roman on all of this. anthony, what do you make of what these pilots are reportedly having said over the last, you know, this looks like it goes back 14 months? >> the reports from the pilots are absolutely devastating, neil. it reversed my opinion from yesterday on the question of grounding these aircraft. yesterday based on the data that we had i did not feel the aircraft were unsafe. would have flown it myself and, did not feel it should be grounded. today, based on these pilot reports and some other evidence i believe these planes should be
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grounded. here's what was specifically said. captain, auto throttles incorrect position. that would reflect not only is the system not working properly but the auto pilot is not working properly. paraphrase, from the captain, plane was not performing normally. found auto throttles in incorrect position. another captain. nose pitch down uncommanded. another. captain referenced pilot, autopilot system problems. all occurred during the takeoff phase of flight. very similar if not identical to lyon air and ethiopian air. the faa does not collect these nasa pilot safety reports and did not assess them according to a 2014 inspector general's report. neil: why don't they? i'm just curious about that.
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if this is being sent to authorities, which authorities and who is in on it, who is not in on it? >> the nasa safety reporting system is anonymous reporting system by, for pilots, managed by nasa, that collects all pilot information whether it is self-reporting of pilot error and why it occurred, or self-reporting of mechanical difficulties or maintenance difficulties with a particular make and model aircraft. the name of the captain or flying pilot is removed and then that information is disseminated to the various academic communities, scientific communities and anyone else who wishes to review it. why the faa does not consider it important to do it is baffling. neil: all right. anthony, thank you very much. it is very disturbing information. before we continue with this i
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do want to break away from this particular boeing news to let you know paul manafort has been sentenced to 43 months for two crimes related to some of his consulting work in the ukraine. that means some of these are going to be serving concurrently with a 47 month separate sentence that he got last week. but it will also mean that his total time in prison will be a little bit more than seven years. again paul manafort, donald trump's former campaign chairman set to serve seven years in prison. this is bros unby a number of counts. i don't want to get into all the details here. some will be concurrent with the time he is already sentenced for, better than 40 months already. better than 43 months for two crimes separately this is on top of that will be served concurrently with that. just factoring all out, looks like seven years of total he will be serving in jail. we'll keep you posted on that. in the meantime, what to make of
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these latest concerns with china and the safety of these planes and the fallout for ongoing trade talks that have been whipsawing boeing's stock? if you think about it, boeing's stock was flying high, certainly no pun intended here on the belief that it was going to do well if we could make things nice with china. china would buy more of their airplanes. then all of a sudden of the crash of ethiopian airlines plane that was one of their planes. fallout, whether the fallout with the china trade deal whether it will come to pass whether it will help matters. layfield reports, fox news contributor, john layfield. john, imthrowing a lot of breaking news at you, you're very good and patient dealing with that but on the boeing front here what the market can giveeth it can taketh away, huh? >> china is expected to be by 2022 biggest i have a say significance market in the world. that is not taking into account what is going on in indonesia
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india as well. remember who broke the news on this there could be a possible link between the ethiopian crash and lyon air crash was the caac the counterpart to the faa in china. they are the ones that first implicated this. for the first time you had depart you are from the faa. uk and australia taking chinese side on this departing from the u.s. the u.s. is becoming an island with faa saying planes are fine. china has invested interest in this. i'm not putting together two plus two to get eight. they are trying to break up the duopoly between the airbus a320 and boeing 737. now you have the chinese administration throwing shadow of a doubt on safety of boeing planes. looks like this state-run economy is working together in this. neil: i hadn't thought of it until now, john, i was looking at the order of countries that
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decided to ground this aircraft and china was first. and that is kind of revealing and telling, what do you make of that? >> yeah. china was first and you know you hate to put innuendo here but, imagine if boeing controlled the faa? they would have the faa come out to say the planes are perfectly fine which the faa did say that, boeing doesn't control them but in china the same person controls both the cwaac and their national aviation manufacturer. they come out and looks, certainly beneficial to their future aviation industry based upon this you will need in china alone 261,000 new pilots in the next five to 10 years. with the u.s. being basically full, you have only so much air traffic control and you have a mature economy. any growth that is going to come most likely will come from asia and africa. looks like china is solidifying their position in asia. neil: would you worry about going forward here? this is a lot more widespread
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and impact, whether it is justified or not of these countries, all of these various nations that are now saying we're going to ground it? furthermore, we'll not let it get near our airspace in the case of canada? >> absolutely i would worry about it. i would not be a buyer of boeing stock until this uncertainty has cleared up. aviation is much more safe in the past 20 years. you had 95% of air traffic fatalities in the last 20 years alone and boeing is a big part of that. these planes, appears like a stall mechanism. we don't know what caused the crash in ethiopia i can't but appears to be some type of software issue. i'm sure it will be fixed. long-term problem with the china emerging power and china the biggest aviation market in 2022 is a big regular flag for boeing. neil: john, i through a lot at you. as always you were able to handle it. john layfield safely ensconced d
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inner bermuda. boeing developments, paul manafort developments. he was briefly donald trump's campaign manager. helped launch him in the presidency. launching him to jail in the better part of 7 years. a judge adding 43 months to the 47 months he was convicted of serving on top after separate judge's decision early last week. seven 1/2 years behind bars for paul manafort. more after this. metastatic breast cancer is relentless, but i'm relentless too. mbc doesn't take a day off, and neither will i.
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stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today. neil: just a quick update on boeing and its jet right now, the black boxes from the ethiopia crash have been sent to germany. this is our understanding. we don't know exactly where in europe they were sending them. not the united states. talk it might be france but it is germany. we told you are early about
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flight attendants, flight attendants union very concerned about this particular model jet involved with the crash of the 737 max, that it is such a concern to the flight attendants union they don't want to fly. recommending they be grounded and investigated for safety. separately southwest airlines pilots union, no change in their confidence in the 737. that they maintain confidence following canada's decision to ban it, even over their airspace. what is interesting about canada's decision as well as on this boeing situation it will include not only the 737 max 8 featured in the ethiopia airline crash and liian air crash last faw but it will apply to the 737 max 9. that is interesting because that is the larger model that united uses. southwest and american use max 8 model, slightly model. the canadians, fingered all of
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the models, two that are prominent. will no not allow them to fly or even go over canadian airspace. we will keep an eye on that. we will keep an eye on that but big court day. that paul manafort will be serving seven years in the slammer but actress lori love lynn will be taken into custody over that nationwide bribery scream or scheme. kristina partsinevelos. >> lori laughlin will appear in l.a. court 5:00 p.m. eastern time. prosecutors are alleging lori, and her husband the founder moves -- mossimo clothing. paid two coaches to their two daughters could join the usc rowing team. it is felicity huffman on "desperate housewives." lori laughlin was a star in full
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house but a star on the hallmark channel. you have ceo of her key louis capital. he has stepped down. that you are seeing on the screen as well as former pimco ceo douglas hodge. in regards to her key louis capital this, is publicly-traded company, just yesterday you saw the share price drop 9% when the scandal erupted. he stepped downings being replaced at moment. the largest college entrance admission scandal prosecuted by the justice department, going on since 2011. there have been 200 agents involved. what we know from the court documents thus far, 750 families were involved. the ringleader who is based in california received about $25 million in bribes and at the moment we don't know the fate of the students. some of which the children were unaware of this entire process and you have schools releasing investigations of their own and firing some of these coaches
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but, neil, i guess all you need is a lot of money and a little bit of photoshop skills. neil: who knew it could be so easy? thank you, very, very much, kristina. >> thank you. neil: what if you were rejected, you later found out you were one of those students who didn't get accepted to ivy league schools in question and you found out who did, do you have a case? to attorney and fox news contributor emily campano. do they, emily? >> hi, neil. there are three answers to that. they can sue but barring the fact if they were protected class have arguable proof of some type of discrimination likely unsuccessful. remember these universities are staggeringly competitive. taking stanford, their freshman class in 2018, they accepted 4%, a record low for them. and of the rejected kids, 8,000 had perfect act scores and 4.0 4.0gdpas. the gets could ban together to
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have class-action suit against universities. none of the youth themselves are implicated in the scheme. it is just employees of the university. kids might argue they knew or should have known however. i do think a better tactic for these kids to cite the bribery scheme specifically. this water polo fake one made it in. i'm a real one. i have perfect scores. better to build bridges, not burn them, appeal through the university. ultimately their best plan of attack, best revenge would be succeeding on their own elsewhere. neil: what if you wanted to make the case we're all led to believe, particularly at ivy league schools they have a very diligent vetting process, turns out none of the schools are directly implicated to my imagine, emily, you might know more than i, in fact that is given, i wonder if they make the case or somebody can make the case you have a sloppy enrollment process? >> absolutely. i. that is my second point, these kids can certainly argue
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negligent on the part of the universities that they knew or should have known simply there was this corruption going on. the fact even regardless of this stringent application process they have, there is clearly multiple leaks within the stand. there is viable argument. i just don't see how might be successful in the courts with resulting in, actual reward to these kids. actual acceptance. i think universities, it would behoove them to come back with a significant pr and restructuring campaign in their admissions process to ensure this doesn't happen again. frankly to reassure the public that they're honest, so that it won't. neil: well-said. emily thank you so much. i appreciate it. >> thanks, neil. neil: so much news. we're also following brexit. there will be yet another vote, if you're keeping up with this one. this will be essentially about voting to prevent a no deal, in other words, just to move on then to a vote tomorrow, to potentially delay this and all this, as britain debates whether
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it wants to be part of europe or not. how soon they can make it happen. they voted, can you believe it now, almost three years to separate from the rest of europe at least economically. this has been deemed to be a crisis. i must caution here and i use the markets as a read, if there is crisis, funny way of evidencing itself in the british markets, the british pound, for that matter rest of the european markets, more bedeviled about a slowdown going on in europe. it is also important to point out, even, even if, if britain were to formally break off here without any sort of compensation or recognition on part of the european union, in other words break off without any deal in place, that we're getting out of the club, it is not that trade stops. it is that it could get bumpy. it is not a crisis i want to point that out just in perspective here. i'll explain the process how it goes because separating yourself from europe doesn't mean the world implodes.
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neil: big apple announcement later this month. not any new product but streaming service but one that my next guest says could attract a lot of interest. it could attract 100 million subscribers. he is uncanny in the company and latest offerings. dan, good to have you. how big of attention will this be for apple? the shift will be what kind of company it is or classic media entertainment concern how do you define it? >> this is fork in the road situation for apple and cook. we've seen the iphone demand wane especially with china falling off a cliff. the focus on services, 1.4 billion active ios devices out there. that is why the services and content how successful they are, we believe it is potential
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game-changer. there could be 100 million subs over next three to five years. ultimately apple, this will be key for them in our opinion to do significant content acquisition to up the game versus likes of netflix, disney and others. neil: could they buy a television network, a cable network? >> in our opinion 2019 the clock has struck 12. we believe they will do significant m&a. the candidates we talked about are 24 sony pictures, mgn. we believe cbs viacom and netflix are also on the table even though historically they have not done acquisitions for content. they need to put fuel in the engine here. i view this as two-step process. roll out the streaming service in a few weeks. ultimately a big acquisition in 2019 on content is on the horizon. >> why even entertain a streaming service if you're also quietly entertaining a run at netflix? >> i think it's a two-step process. they have got to introduce it. they will have partners. ultimately, it is about original
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content. they're spending a billion dollars a year. that is rounding error versus likes of 20 billion a year spent by disney, amazon, hulu, of course netflix and that is why right now this is in our opinion some of the darkest days for apple and cook. you know right now services is a key in this content and video streaming will be really at epicenter. neil: we'll watch it closely. dan, thank you very, very much. >> thank you. neil: another vote in britain. i know you're getting tired when it comes to the brexit thing. this one essentially will decide do we want to go ahead and honor the end of the month deadline break away from europe without a deal, a no deal vote? they can't come to any conclusion on that, and tomorrow a separate vote to delay the whole thing, maybe push it 60, 90 days, whatever. to former maggie thatcher aid nile gardiner. nile, the danger breaking away without a deal is that it would hurt britons, right? they would sort of europe's bend
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here. they could be walloped by tariffs and other things that would really hurt them, but would it be that bad if you have a no-deal? >> neil, i'm a supporter of a no deal brexit. i think it is the best way forward for great britain. i think we are on track possibly toward as no deal even if parliament votes against a no deal day which is likely, this vote is advisory but the default position set in legislation is britain to leave the eu on march 29th and i think that could well happen actually. in my view a no-deal scenario is par better than what theresa may was offering which would have kept britain tied inside of the eu customs union indefinitely with no exit mechanism. and i think that as world's fifth largest economy, as a great free trading nation, britain will do just fine under wto rules.
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neil: i know, interrupt you, but i'm so glad you mentioned that because when i'm hearing about all this, people forget we're going into vast uncharted territory likes we've never seen in human history, we're watching other networks, saying first of all everyone take a chill pill. world trade organization has standards that the world is supposed to comply too. that will still be in place. not unlike we're going into the pirates of caribbean vast unknown? i'm glad you mentioned it. >> absolutely. britain has been a great trading nation for hundreds of years. britain did very well before it joined the european economic community in the early 1970s. europe will do just fine outside of the european union. also i think britain's economy is doing better than any other larger economies in europe at this time. foreign direct investment is soaring in the uk. u.s. fdi into the uk rose nearly
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20% in 2017 alone -- neil: but can we make that up? could the united states make up what britain could potentially lose in trade with the old european neighbors? i think if britons face tariffs on a lot of goods typically not charged for in the past with europe they might go elsewhere but i might have simplistic read? >> u.s., great tin free trade deal will be a good one. it is not in the eu's interest to impose all sorts of heavy tariffs, for example, german car manufacturers sell a quart of their out put to the united kingdom. so you want to, on both sides there is a willingness really to lower tariffs in the event after no-deal brexit. so i do think that britain will have a very healthy, flourishing trade being relationship with
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the european union in the brexit era and i think pragmatism will prein continental europe, especially places like germany, heavily dependent exporting goods and products to the united kingdom. neil: i cannot imagine, what is lost in this argument, nile, britain has everything to lose and nothing to gain. i think it is quite the opposite, i get a sense of europe, just hearing on the brink of recession european economies including germany, they need britain a hell of a lot more than britain needs them? >> i agree wholeheartedly. i think brexit britain will be a economic success and shiny example for rest of europe to follow. free of shackles of the european union britain will do extremely well. and i do think that what the leaders of the eu fear is that brexit, britain, will be such a success, other european countries will follow. neil: bingo. >> britain's lead.
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neil: bingo. >> i think this is at the heart of the nastiness, the mean spiritness coming from brussels right now in terms of the negotiations with britain over brexit. neil: that is well-put, nile. so glad i had you. thank you my friend, nile gardiner. we'll watch the vote going on this parliament today. i do want to preface without everyone losing their heads going nuts, this will be a vote saying do we want to cut our losses stick to the march 29th deadline to see what happens? the fact of the matter there are some legitimate fierce if you're ex-britain pat in one of european countries maybe you have a little more administrative problem getting back to your own country or through those other countries there is concern for disruption on that front, trade front what matters, what got brussels very worried the brits in the end might go through with all of this. britain does this, others will be tempted to follow. britain does this, wakes up to see that the sun comes up, light
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goes on, other countries who are similarly dissuaded by the whole cozy notion of a one european continent all under the same currency, all doing the same thing, will welcome it. that is why brussels was worried. that is why the european community is worried. why you have no less than the european central bank saying today there is a slowdown going on here, a very real slowdown. now they did say that they're just barely into positive territory. in other words their economy isn't quite contracting but it is as close as you can get to not moving. that's why they fear britain leaving, because britain is booming. britain is doing well. the story you have heard about how this is going to impact the brits and be damaging for them misses the other side of the equation. the club they want out of, that club is hurting. that's the story. more after this. now i'm thinking...i'd like to retire early.
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neil: all right the back and forth trade park and rv companies, yes, there is a connection. jeff flock focusing on that at the rv show going on right now as we speak in salt lake city. jeff? reporter: tariffs don't help it. there you go. this is something called the rv experience in salt palace convention center. that is a tiffenrv, neil. this is where they introduce all the cooler once. this is the allegro bus, you can have this half a million dollars or so. the industry is fathered here. they like to look at i each other's stuff. andy,. >> we're glad to be here. >> this thing is amazing by the way. >> the industry is doing very well. we had period of growth eight, nine years. we're very fortunate in that regard. we see that continue to happen. we had a little flattening but
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the economy is still very robust, but still plenty of buyers. reporter: if you look at numbers, it was a tough year last year but you had a long run. so we're clear, this is tile on the floor. you have got fancy cabinetry. >> absolutely. great pullout cabinetry. integrated refrigerator. here is a bath. reporter: yeah, look at that. now you have a full bath back here with two sinks. >> double vanities, that is correct. to the left we have full spa-type shower. reporter: come back here, lloyd. how are you? good, good. full king-size bed. >> power bed tilts at the back. to the right a full walk-in closet. reporter: full walk-in closet. neil, what can i tell you. this is nicer than my house. that is a low bar but there you go. neil: how does that thing fit on the road? reporter: it's a bus.
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you know. like, when you were in a rock band back in the day. sort of same kind of thing. it is just a bus. nicer than the one you had. neil: seems very wide or you're very thin. i can't figure it out. thank you very much. jeff flock in the middle of all of that. by the way, in case democrats, we told you about all the excitement around joe biden apparently very, very close to announcing he will make a presidential run, howard schultz is indicating he is not leaving this race. that he is very, very much keen on making an independent run for the white house. the proof is in the pudding and a big speech he is making and some of the things he is proposing are kind of szinging both party es. from coffee king to president of the united states? it could happen.
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neil: all right. you are looking live right now at miami-dade college. this is probably the one fellow who is democrats biggest nightmare, howard schultz, who apparently is taking guff from no one. still plan as independent
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presidential run. he is outlining in a speech there how he would govern as an independent. someone who is not a prisoner he says of the democrat or the republican party. he is going to champion the cause for programs that are backed by both parties, bipartisanship. also a cabinet that will have equal number of republicans and democrats of all types. so if there is any thought that he was rethinking an independent run he is apparently putting the kibosh on that. he is my special guest at 4:00 p.m. eastern time on "your world" to elaborate on all this. we're getting news that joe biden is ready to jump into the presidential waters for the democratic nomination t will be very crowded field. "politico" gabry ore, david brown and finally charlie gasparino. david, to you first, on the effect that charles, he would have on what is going on now, schultz would have on the democratic party? the conventional argument he would hurt the democratic nominee. do you share that view?
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>> i do. i think that the historical parallel is ross perot successfully george h.w. bush's chance for re-election. look, i think michael bloomberg really nailed this one when declined to run for president issuing a statement in part, talking about how he ran the numbers, and he just didn't see a viable path for an independent to win the presidency this cycle. in anything, running risking anti-trump vote, ultimately reelecting the president that is not a risk he wants to take. howard schultz needs to take a hard look in the mirror if he wants to be responsible for electing this president. neil: that is also consensus view and in the case of ross perot, got 19% of the vote. that was in his second run there because he had, left the race but before he had earlier in the year he was leading in all the polls against bill clinton and george bush, sr. it is an uphill climb but not impossible one. what do you think? >> it is not an impossible one,
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but if you look at current polling out there, howard schultz is nowhere near any democratic candidate or the president. this is a president who has had lower popularity and approval rating heading into his re-election than previous presidents in the same position. i do think that it is obviously a bit too early to tell how he would impact either president trump at his re-election effort or democratic nominee. but conventional wisdom would suggest based on previous instances where you have had a third party candidate, that howard schultz would likely siphon off possible democratic votes. i think that the interesting thing that is going to be happening later today is really to see what some of his proposals would be if he does choose to run. back when he did the cnn town hall he was pressed for specifics on his foreign policy ideas, on domestic policies and he really didn't have a lot to offer. we just heard him talk about his experience as the head of starbucks. today he will take a step back and say here is what i would do.
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you mentioned it earlier. having a cabinet both equally republican and democrat. having promises to voters like appointing supreme court nominees who would only be passed with 2/3s support in the senate. these are unique ideas that a third party candidate like howard schultz can propose. whether or not they will resonate with voters is whole another question, neil. neil: i think his experience introducing the world to the pumpkin latte, charles, would be -- >> by the way you have a conflict of interest. neil: pumpkin latte. >> are you going to disclose this? neil: i will disclose it before the interview. they both make a couple good points, that, well, steeped in business, success all of that, hard to translate to this in the rigors of a presidential race to prove to people that you can do that job. >> yeah, biden as we were first to report last week, i reported that because i know what he is saying to his wall street sources who will be the backbone
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of his campaign is likely to get in, look at schultz compared to biden. how much daylight is there really between the two when it really comes down to it? there is not much daylight. so then schultz -- neil: assuming that a biden advances -- >> that he wins. biden's calculus, what people are telling me, he maybe gets 15, 20% of the vote and, in nomination process and the other field, kills themselves off like reservoir dogs. that is what they're thinking. the question is, is it that much daylight policywise between centrist liberal, almost obama and schultz? i don't think so. now -- neil: but it could force to your point, david, i want to pick this up with you, what if his intent is not to run, i will raise this later today with him, send a message to democrats you're getting crazy? you're going so far left you're burning your chances. you're stealing defeat from the
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jaws of victory and you got to stop it? do you think that is what he is trying to do? >> i'm not, i don't know. i don't know the answer to that question. what i would say on the point about moving too far to the left i take real exception to the left, you take where american people are support of democrats health care policies or american people are on immigration and -- >> getting rid of i.c.e.? they want raise tax rates? come on. >> charlie, have you seen the polling,0% tax rate? >> depends how you phrase it. >> fine, fair enough. >> they're not saying american people are not supporting democratic party. >> when was last time, first of all i'm not saying i support the tax rate. >> thank you. >> historically when was last time tax rate, preeisenhower. there is historical context. >> where is historical context no one made that much money. neil: bob, you say this is
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something we're not appreciating. abby, that is the passion in the party, that is where the votes are in the nominating process, could that apply in the general election, your quick thoughts? >> i think absolutely democratic nominee will be pulled to the left by the democratic base. that is why it is going to be really interesting to see what happens to joe biden, if he does jump into this field. >> and how far left he goes. >> a handful of democratic strategists and people in the trump campaign because joe biden will face pressure from more liberal, progressive wing of the democratic party he might not actually make it through a primary to become nominee. >> can i make a point? neil: sure. >> howard schultz was shaken up by the attacks. no doubt i did a lot of reporting. neil: wait until you hears what david said. >> i think if biden does run more centrist he does not run. that is the message that he wants to give. neil: gabby, david, charlie, good job, guys. we're still getting more details on this whole boeing max 8 thing
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neil: albright, top of the hour. but when talk is still under pressure. this is another day running year. 26 by $5 billion in market value. the latest catalyst when we had a brief run up in the stock was news out of canada that it was thing commercially as the boeing 737 largely in control of united on this country. that was involved in his ethiopian airlines crash. the same model involved in the alliance air back in indonesia and the sober. very good to have you.
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what did consistent in the united dates, they are all grounding in. and in the case of canada not even allowing them to get within their airspace. overdone or what you think? >> not really. the u.s. is by itself right now in the big developed world. pretty much by itself. neil: passengers worry about that. >> they should worry. we just don't know. you have an airplane doing the pilots have no control over. again, i'm -- neil: but your linking accidents here. you want to make sure until we get that resolved. >> yeah, that's right. we still don't know. we are speculating. when those black boxes are analyzed they will paint the entire picture. real conversation between the pilot and the copilot and will see everything that the setting
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then switches. >> it's apparently on their way to germany for examination. tell me how the process will go. >> or so the question is are they damaged? normally it could be anywhere from a couple days to a week or maybe longer. so they'll be analyzed in the end result when you analyze those boxes is almost like a flight simulator where they plug it in and they can see the whole profile with the airplane is actually doing as well as everything from the positioning of the controls, with the gauges for indicating. the key here is also the conversation between the pilot and the copilot. were they struggling with those controls. neil: that was the case in the alliance air situation. this is where they are eerily similar. minutes after takeoff they could not control. >> it's almost an identical scenario. that is what is problematic.
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with the grounding, you know, it just boggles my mind. the two big operators are southwest, american. each have a couple airplanes. why in the world would they not? until the black box data comes out. it is not flying for a couple days because in those boxes come out they should paint a much clearer picture and take it from there. neil: if it's possible now, some of the airlines like southwest, the pilot there is ending by. they think they're very safe and all that. >> a lot of them are in. we are hearing the conversation could go both ways and a lot of pilots are saying that they don't feel comfortable in the plane. obviously -- >> i was reading the news reporter. others have picked up on it for a number of pilots over the last
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14 have cited problems. one in particular. i want to make sure i get this quote right, said that the flight manual was inadequate. almost criminally insufficient. this is written several months before the ethiopian air crash. it goes on to say that it couldn't trust in what was written down, what was applicable to the plane that he was fine. what you think of this? >> those were anonymous report filed by the pilots of the faa doesn't know who they are. neil: with the faa get that day off? the mac from what i understand, a lot of this that hasn't been seen by the faa. >> they faa would usually be the first. >> now second in the administration controls that and they get a lot of this stuff. everyone is filing these reports.
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the faa does a very good job to what they do. they just want the facts of nasty note the last major u.s. passenger plane crash here in the u.s. was after september 11th. we have a great safety record with the cargo airplanes. that was a commuter. and they have made adjustments for that. neil: thank you very much. you would ground these things until further notice. the cockpit software. but what does that mean and obviously by addressing it now, could it be acknowledging the aircraft itself to the
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communications. what do you think? >> i think knowing has a real big problem here. they have to explain what they know that the rest of the world doesn't believe. everywhere else in the world people are at team with an abundance of caution in here in the united data abundance of caution seems to be in short supply. neil: would you agree with kyl who is an aviation analyst for the better part of valor in safety here, let's wait this out and examine and take our time. >> i think that logic shows they are to ground the plane until they know the answer. rather than assume they know the answer and take a risk. they're taking a very big risk should anything happen during this period between now and whenever the black boxes are fully examined. >> in airline maker is saying
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that it will update the cop software, that does seem to be in the knowledge meant as an issue that they're addressing or they wouldn't be updating the software. >> sure seems that way to an outsider that if there upgraded in software they're doing so on an expedited basis that there's a reason for doing so it may be that the reason for caution and made the react to not fly those airplanes until those are in place. that doesn't seem to be the case. as the way logic would argue. >> to your point you recommend the airlines stopped flying these until this is all settled. southwest has the largest fleet of the 737 jets that does with very different charges. therein lies the rub. it's a different model playing
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so you can be sure of that. >> i think at a minimum -- there's other things they could do. if they really believe planes are safe, their ceo out to get on airplanes with their families and fly somewhere. have a press conference and say in illustrating to you why i'm absolutely convinced these planes are safe. if they're not willing to do that, but they want customers to fly on it and take a risk they're asking quite a bit. thank you very much. neil: boeing is a big reason why right now investors are getting concerned. this safety issue has haunted the stock. $2,625,000,000,000 is having very little effect on the doubt today even though it is one of the few down issues, the other of the dow 30 stocks.
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so imagine what it would look like without that. let's get the refund john lonski at moody's capital. there is a spillover effect today, but is concerned that knowing which was supposed to be done high flyer in the face of a potential deal with china maybe not so much. what do you think? >> this could be damaging as far as the united states preeminent reputation of aerospace engineering. financial engineering. but then we had the subprime crisis meltdown and wanted nothing to do with financial engineering from the united states. so there could be some reputational harm to u.s. export at these events.
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technological types of transportation equipment that come to her trade performance by the u.s. regardless of trade negotiations with china. neil: china was among the first, in fact the first to be on the planes until this whole issue was settled. i know very well i can be cynical to china itself is beefing up its aerospace industry and make it a whole lot of things to compete with the likes of airbus and of course billing. what do you make of that? >> this isn't surprising at all. he gives them more leverage. and provides advantage to their own nation aerospace industry. something to keep an eye on. neil: the market right now, the economy right now, how do you feel about it? >> i think we are going to gamble forward. a slower rate of growth in 2019.
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gdp is going to be ugly, close to 0% and it will improve to about 3% but only briefly and then we head back to growth in the range two to 45% for the year. it grows by 2.4% down from nearly 3%. however 2020 is a big? because i'm the one 20%. investors are reggie is removing the 2020 given the expected slowdown by corporate profitability in consumer spending. neil: john lonski, thank you for a much my friend. >> my pleasure. neil: more details behind the whole college admissions scam. but we are finding out is a little unsettling, especially if you or your child were trying to get into an ivy league school and you did all the things right.
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a guy right now been charged with doing all the things wrong.
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neil: already, the fallout from this college campus beginning and actresses will be appearing in court today, and in how far this entire mess when we don't know. and a lack what is with us right now. he met the mastermind behind this game. this is the same guy who was the dealmaker to get your kid -- this is the guy you talk to to get your kid into these ivy league schools is a look like he was going to be dicey if you didn't. again, andy lockwood.
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good luck with that. but you met him. you had a chance to meet him. what was he like? >> is a very interesting guy. very low-key. i was introduced by a mutual friend who said you're in a similar field. college advising, coaching kids. he said i want to let you know believe about 80% of what side of his mouth or they met them in florida, nondescript building in miami. then he starts rattling off all these clients all over the world, steve jobs is his client did he works with other silicon valley guys and he told me this crazy story, which i didn't believe about how in. she'd had contact with him to get his son off the wait list by georgetown. he offered through singer allegedly 6 million bucks to get off the wait list.
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here's the craziest part of the story. apparently georgetown said no. i was thinking to myself how can you say no because there was no and this type of thing happens. the second thing was why does an arab sheik really care about getting his kid into georgetown. when i looked at this indictment and saw the schools it wasn't just the super elite schools. it's also the university of san diego, like 15% of its applicants. the status servlet other -- neil: what did he do to make this happen? >> he actually is the term i have a side door to get them in by helping fund their endowment. so they are buying their connections, but he also at the time it felt like he did a great job at doing what i do, working with kids and mentoring them and helping them believe in themselves. neil: with the helping with photoshop images of kids
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pictures? >> i don't think he was doing it back then. neil: that the latest charge. >> .com it's ridiculous. neil: how could he not know is going on? >> yeah, i'm scratching my head over that comment too. neil: when all of a sudden you have a kid on the list who might not be on your list again and am then wham bam get 10. >> i have college coaches as clients and if i had a kid -- he hadn't played tennis in ninth grade yet he doesn't tell tennis scholarship, i think i'd be a little suspicious that the kid never played tennis before he played in college basically. neil: so we don't know too much about how so many were able to get involved getting your kids into these schools then you're right that not all ivy league schools. it seems particularly more
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difficult to get into some of these ivy league schools because they have such a mentality about compromised your >> at the fortress mentality amassing of the pay to play and go after going for summits geared sport, unfortunately is reaching out to some of singer as clients and told them about my operation. but that's how ridiculous they are. water polo. neil: i can see it's a big deal. before especially the schools, in the past it was a wink and a nod at a year or two before a kid goes to an ivy league school or applies to an ivy league school, mom or dad get this huge donation and all of the sudden they connected names. i'm not being so cynical that happens, but in history it has been. this was taking now to another
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level. >> right. a similar type of thing and i understand the the unfairness and i don't love it either there. but now it's fraudulent. once you start manufacturing the extracurricular activities and sports accomplishments and retaking on behalf is good and. i don't know if that's -- neil: is always a little bit achy. mom or dad gave a lot of money to the school. all the sudden junior get then. but this is crossing another level. >> the college coaches are putting money into the school programs. >> tranter rick singer can't be the only one. how you handle an interview, testing and all of that. >> i can tell you my personal experience because we have kids who get into stanford, harvard,
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yale, but virtually every week there is a parent who will say or do you know. people want that. they ask about that. they think you have to know someone to get in. it's not totally false. neil: look at all the muck that's over there and i'm wondering, is there a lot more mock that we don't know about? >> i think there is because they've heard rumors and innuendo a certain conference is. i think there has to be college officials acting on behalf of the university involved and i know there's other college advisory types, particularly those who specialize in helping wealthy families from other countries get their way into the united states and elite universities. neil: they promise that how? or could it just be bs?
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>> they think it followed the above above in your case i think it started conscious, little sleazy and gullible people with a lot of money who just wanted to work out for the kids. neil: it's gotten to be insane and a lot of people now are saying my kid didn't get into yale for georgetown or whatever. i have a legal case here because the shoebox did. >> they may think that. these are taken by other special considerations. every college, especially the elite ones they reserve a large chunk. anywhere from two thirds to 80% of the incoming class for what they call a nonacademic for special types of circumstance kids meaning pupils whose parents went there. international students. both are highly undesirable.
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but also to be fair, underrepresented minorities but also low income families. neil: a lot of the ivy league schools, international student bodies. thank you very, very much. how to pay a wholesale for college 2018, 2019. this brags that though it is coming soon. they will ultimately decide whether they just say the with it. just do the same. march 29th and will risk it all. we will see what happens after this. this is your invitation to exhilaration. this is the invitation to lexus sales event. lease the 2019 is 300 for $329 a month for 36 months.
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things will be tight but, we can make this work. ♪ now... grandpa, what about your dream car? this is my dream now. principal we can help you plan for that . neil: another vote in parliament today. this one essentially to accept the known break the deal. in other words, take the risk and see what happens on the 29th. you begin to wonder here what would be so catastrophic about that.
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ashley webster but passive investment strategy sean snyder. >> the problem is of course the bank of england who laid out a very catastrophic scenario where as we said before, medicine shortages, planes grounded. dover will be backed up for 21 miles. >> i don't believe so. i just called up project here. i think there's some truth to that. i don't think that would be the case. we will live under wto rules. the u.k. will be able to be free to deal with these wonderful read trade deals with the united states most certainly but elsewhere around the world. neil: i'm wondering if europe is more afraid of this than the braves should be. there's a lot more concern in brussels than they're letting on. what do you think?
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>> i do think that no deal would probably be disruptive to financial markets. i do think the positive side if there's a silver lining here that we've had two years to prepare for this in some regard. financial institutions have prepared, so i think it's a positive in that regard. as far as europe there are d.c. and slowing growth. anything that contributes to that will probably be seen as a negative. neil: in your mind, brussels has potentially a lot more to lose than britain. >> i haven't seen the exact details in that scenario, but i do think it would be no deal. neil: bears hunting stories that you can't get food, won't be able to get medicine. old people will starve. come on. >> it's ridiculous. the u.k. economy as a strong economy. second biggest in europe, fifth
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largest in the world. they are basing all this on the fact they have to put all these cut unions in place and i'll take a lot longer to get these goods transported from one place to annex therefore there'll be shortages of all these items are the ports will be back to because it will take an hour per track to go through the goods going into the u.k. and vice versa. that can be accounted for. it can be dealt with. not under that scenario. >> i am wondering is it your sense. no matter what happened the europeans are most afraid that if england bowled soon realizes the sun will come at the next day, life will go on. people are getting their medicine. the disruptions are not merely what we said they would be. that other countries would be tempted good many are qualified to be in the e.u. as it stands now. >> i think that was a concern
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for a long time. remember back to brexit if one country exits, other countries may want to do the same thing. i think we have seen european union sometimes solidified. you see voters they are towards a solid european union. i don't think it is exiting european union as popular as it once was. given the headaches they've seen with britain trying to negotiate an exit from the e.u. neil: but britain if the but britain is that both your same life will go on. >> the sun will come up the next day and ultimately the u.k. will back over his court, over trade and ultimately the economy will prosper because they'll deal to do deals around the world that they can't do in the european union. president trump authorities said we have a beautiful deal because they will increase the amount of trade between our two countries.
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neil: ashley, thank you very much. we shall see this crucial bill coming up and set the stage for deal tomorrow with the possible delay that it's been going on for years. more after this. ncomplete job from any one else. why accept it from your allergy pills? most pills don't finish the job because they don't relieve nasal congestion. flonase sensimist is different. it relieves all your worst symptoms, including nasal congestion, which most pills don't. it's more complete allergy relief. and all from a gentle mist you can barely feel. flonase sensimist helps block six key inflammatory substances. most pills only block one. and six is greater than one. flonase sensimist. and six is greater than one.
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>> will come back to cavuto coast to coast. i'm gerri willis on the floor and the new york stock exchange. new york stock exchange. upgraded the company ceo being replaced in a restructuring effort that will cut around 400 corporate jobs about 20% of management. the move comes at your end it expects annual savings about shares the company is now storing a 4.6%. but it will cost you $10 more
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per month on top of the existing plans. by the way, and t-mobile will not charge extra for 5g. you can see it up about a quarter of a percent. the elite 853,000 vehicles for the u.s. after some didn't meet federal mission and are. the dodge avenger, dodge caliber. this according to the epa. owners of the vehicles can still drive their cars. components will be replaced. shares down 1%. neil back to you. neil: thank you very, very much. ted cruz and elizabeth warren on the same page what comes to big tech companies with a little too much power. with congressional reporter on what this could mean. liza.
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>> face that temporarily took down those that. that is exactly the reason she was calling for them to be broken up that they had too much power and ted cruz that i don't often agree with elizabeth warren, but on the facebook should not be censoring people. neil: elizabeth warren goes a little bit further that is typically a safe democratic base. i'm not taking -- that was unusual. would you make of it? >> going further than some of their own party. not agreeing with what she is calling for. cruises are saying they should not be censoring her free speech is not a conservative argument we see all the time. conservatives have a lot of issues with companies like facebook and google who they
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feel have a bias toward the left in our censoring them on the. neil: what i worry about beware the cure of the disease. >> they were certainly plenty of people who don't worry about that. it is kind of a generational shift on tech in congress because folks who have been around for a long time to see companies like google and facebook is really fascinating and interesting and then we see people like cruise or senator josh ali was the youngest u.s. senator coming in and being vocal about this. josh ali has sided with democrats on a lot of tech issues because he thinks they've gotten too big. neil: good catching up. >> thinks. neil: howard schultz is outlining his plans for running the country if you were ever given the chance to run the country. democrats aren't a fan of his likely independent run for president. karl rove on what role he would play in that contest.
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>> i'm seriously considering running for president of the
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centrist independent outside of the two-party system. it won't work people are saying. it cannot be done. well, let me say to all of you, i do not accept that. neil: i think he's right. outlining a plan how an an independent president of the united states at the opry with cabinet members he says would include democrats and republicans. that would be bipartisan. again, it might look like an ideal world. that is the idea he's going to push forward that he does make a benefit it will hurt the democratic nominee. former bush 43 deputy chief of staff karl rove on all of that. it's going to be my guest of 4:00 p.m. eastern time on my fox news show. if you had a chance to sit down with him and talk about how serious he was about all of this, what would you ask him? >> well come you sound like it's pretty serious. my question would be how do you
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see your path to victory? no third party independent candidate has ever been elected president of the united states. prevent independent elected as governors and senators, and it is really difficult to do. theodore roosevelt in 1912 literally ran second behind woodrow wilson the incumbent william taft ran third. howard schultz is not theodore roosevelt. what is the message? what is the elect are all college arrangement that he has in mind. and what, it is really early for him to have a solid grounding of where he's necessarily going to end up eating. we've got several geological ages before the 2020th presidential election.
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neil: there is that fear of the right or left, ross perot was thought to have had taken votes away from george bush senior. they are traditionally seen as spoilers. >> well, they are traditionally seen as spoilers. we have the same in 2000 that the independent candidacy of ralph nader. we can't always determine what's going to happen. you mention 1992. democrats had a further ross perot was going to split the vote that was asking for change. at the beginning they thought they might hurt bill clinton. at the end he took votes away, but it wasn't really clear until the final stages of the campaign work is going to be. the clinton campaign was desperately trying to get perot out of the race in the spring and summer because they were fearful he was going to split the people who wanted a
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different course than i would be enough people who felt the country was going in the right direction for george h.w. bush. >> when things are going well, you could make a credible argument that donald trump, but it's all the wacky stuff he does he has a lot of things going his way. the cutback and regulations. it has spurred the growth, bitty torpedo.with the other things he does. you could see the appeal that says i am with the business skill set and i won't go crazy on you. what do you think? >> i think it could. it will require a meltdown on his left in this right for him to break out of this historic
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circumstances of a third-party candidate not been able to get across the 270 electoral votes or even to get enough that he denies enough electoral votes to the house of representatives. i just don't see it happening. we are at a weird time in politics and we've got a lot of time to go before this thing starts to firm up. neil: if it's a three-person race, then whoever gets the most votes among those three. but you don't see any mathematical way that can happen? >> well it could. right now it's going to be very, very difficult to do. there could be a three-way race. but say that they're all closely budgeted. 33.5% in order to win that day. schultz is going to have to start demonstrating that at some point next year that he could
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win and do that by taking the lead in some of these critical battleground states are in a state at all. people say he's going to be in the electoral college. that we won't know for months and months because i think you're right. i think it's heavily dependent upon who the democrats nominate and whether the president continues to take he's got a great microphone, but does he spend that microphone in talking about things that matter to voters for spend it on things they don't really care about. neil: there is this so that nancy pelosi is trying to quash. it seems to be going a dead-end alley. democratic congressmen all green for years now. here's what he had to say in the sub check. >> they are impeachable of which you have no doubt because some of them are waiting on other aspects of proof before even
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entertaining such a thing. >> here's what i know, a good many of the people indicate with impeachable offenses. they will talk about how the president is unfit for office but they don't want to have impeachment because there is the opinion it would be good. neil: but he was going on to say is that he goes beyond things like his racist remarks in what he's doing at the border. things that would obviously change the definition of an impeachable offense. but is it your sense leading within the democratic party that not everyone is going nicely and quietly on nancy pelosi's order there. >> tom's diary is any spending money. the town hall meetings he's having in the district committee are worried some tucson. i think there would be a fisher and said the democratic party. you cannot have a group is a
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group is organized in as fervent as the impeach trump element of the democratic party without causing some consternation. how it plays out we don't exactly know. pelosi has the fact she spoke out publicly on this as a sign she wants to signal to everybody let's not do this. but gave ourselves from them aerosmith by not pushing this measure anything she did that because she was worried that there is steam out there that if she didn't take some of the steam out of the boiler it might get the engine moving down the road. yeah, there are a lot of democrats. nadler is looking for a reason to do it. elijah cummings. maxine waters has been impeach him. al green with all due respect for my state of texas is not exactly the most powerful member of the house. there's a lot of democrats who don't want to do this. neil: will watch closely. always a pleasure. thank you. the president having a big briefing right now.
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the latest on what that is going to mean. blake burman after this. now i'm thinking...i'd like to retire early. let's talk about this when we meet next week. edward jones came to manage a trillion dollars in assets under care by focusing our mind on whatever's on yours.
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neil: well the president long said the border is a mess. he wants funding for the wall in latest budget. addressing drug traffic along the bored e that is another concern of his. that will be at meeting moments from now at white house. blake burman is there. hey, blake. reporter: we're seeing a last minute push as it relates to president's national emergency declaration. he is getting a briefing related to drug trafficking on the border. we'll get the tape within 30 or 45 minutes. the president is tweeting about this issue. he said the polling, republican senators are overthinking tomorrow's vote on national emergency. it is very simply border security, slash no crime. should not be thought of any other way. now the vice president today
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went to nearby harper's ferry west virginia to visit a customs and border training facility. president was up on the hill, to try to convince senate republicans who were set to vote against the national emergency legislation and not side with the resolution passed by democrats in the house. today he revealed part of what he told that group. >> what i told them, i will tell all of you, a vote against the president's emergency declaration is a vote against border security. a vote against the president's emergency declaration is a vote to deny the humanitarian and security crisis at our southern border. reporter: there is the possibility that senate republicans will side with the president and vote down tomorrow the resolution of disapproval, so long as the president also back as separate measure that would curtail the powers president has as it relates to national emergencies. this is something put forth by
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senator mike lee and john cornyn of texas. nancy pelosi, house speaker, top democrat said this would not fly whatsoever in the house. neil? neil: in the senate where you have a number of republicans at least three, who are concerned about declaring an emergency, they're worried about the slippery slope nature of this, right. >> there are three right now. but there are many more who could potentially side with democrats as well. so how this all shakes out up on the hill i best we'll see unfold in the next 24 hours or so. neil: sounds like he is trying to strong arm them, don't think about it. the. reporter: the power of the presidency, neil. neil: tony soprano moment. the dow jones industrials up 177 points. the boeing is down a buck 13. it has recouped some steeper losses earlier today. the stock had been up earlier. we got the news out of canada. they don't want to see new planes, even larger model
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anywhere near or over its airspace. think about that fallout to consider. waiting for yet another brexit vote. these are getting to be a little redundant. charles payne to take you through all of that. he joins us next hour. charles: neil, very exciting show. i appreciate it. good afternoon, i'm charles payne. this is "making money." kneel alluded to it moments ago, canada joining the rest of the world inept for the united states based banning the boeing 737 based on new information. we'll have the latest on the investigation into the deadly crash into ethiopia plus some advice for the airline make every and the faa grounding of 737 max is fast becoming a political hot potato. this week has seen the stock market early resolve, turning into turbo power as major indices pick up the momentum. it is goldilocks effect. tame inflation

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