tv Bulls Bears FOX Business March 21, 2019 5:00pm-6:00pm EDT
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have simulat simulator trains. susan: too much automation. connell: if you are not trained on it, thank you for us, bulls and bears, starts right now. david: stocks soaring today market digest real possibility of no more rate hikes this year. president trump has been critical of the feds raising rates here, sat down with our maria bartiromo in a fox business exclusive. >> the world is slowing but we're not slowing. frankly if we did not have someone that would not raise interest rates, we would be at 4. >> fed said this week, signaling we don't have more rate hikes this year, do you think you influenced that decision? >> i don't know, i hope i didn't, it does not matter, i don't care if i influenced.
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i was right. but we would have been over 4 without the interest rate hikes, and they tightened, 50 billion a month, i said what are we doing here. david: this is bulls and bears, i am david asman, thank you for joining you, with more christina, and jonathan hoenig, liz peek. and gary -- and mark lauder thank you for coming in. president said, as we heard word -- if not for federate hikes we would be up 4%, do you think he is right? >> absolutely. you had the continue all hikes by the fed that were holding down market, sending some of the shockwaves through. i think that by loosening that up, now signals we see today with the market, as fed signals, if they are don with rate hikes the economy is start ticking off
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in the upward direction. >> what is the most important message you want to get to voters before the election. is it wages are going up or investment or stock market, what really resonates when you sit down with voter focus groups? >> i think it is wages, that is what most people live paycheck to paycheck. when they see their paycheck go up and tax bill goes down those are good, they like that sta pillty, they like know -- stability, they like knowing we have a strong economy, and never been a better time to get a job or a new job with tight labor market it will cost employees more to hold to their great employees or you have to offer more to get them to jump ship and come to your place. that is a win for the average
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american worker. david: gary? >> this is gary thank you. i don't think i have ever seen a coming election where the economic philosophies are so far apartmenapart. won't is talking about tax cults -- tax cuts and the other talking about massive vat taxes. >> i think it is two-foal, we will run on president's record, of accomplishment and economic success. won't we have an actual candidate, when they whittle down their field of 20, you it will be a choice. but you see even people like former vice president biden, who is supposedly going to be a centrist equipment out this weekend, say no, i'm still the
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most progressive person on the field. they are at a full sprircht to y to convince people that socialism is the way to go. that will be a tough sell, for people who understand that american freedom is what making our country so great. >> this christina, i want to raise a few issues, the bond market pain paints a different picture. you see more people putting money in long-term investment. could the fed be reacting, right now because he fears of what is to come? he is stepping ahead of the game, so we won't be to blame should a recession come? >> i think most people don't see that happening. we see kevin ha has let and coul
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of economic advisers put out a very strong report. we have people who are hedging their bets, trying to have st both ways. i know that last two years, white house and economists there have been dead on with growth projecttions, i think that i will be dead on again as long as we can resiste resist the sociat policies. >> let me ask you, 2016 the election president kept talking about ultra low interest rates, we were in a bubble he kept saying, now i hear that president would have preferred long rates, how is it note a bubble today? >> always been a challenge for fed and others to balance growth with overheating the economy when we get inflag. and so i think -- inflation, so i think that what president has been trying to articulate, finds that sweet spot, to have the necessary control to hold back
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inflation but also at the same time, making sure we're not throwing a wet towel on the economy. i think you saw with chairman powell's comments, they think they probably hit that sweet spot. david: mark, the president in talking to maria said we can't ignore the world economy. it is slowing all over the place whether in asia or europe. if that does cause a slow down here, there are sign its has, if 2019 is not above 3%. which is what the president advisers have been saying it would be. what happens? do democrats have a chance to use that against the president in reelection. >> it will be difficult during the obama years, they tried to explain 2% being the new normal. if we come in just under 3%,er in the 2s to threes tha somehows than we should be, i am confident we'll get there, and with the drag that we're feeling in the global economy, the u.s. is a stand out in that, but i would argue that will create
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more pressure on our trading partners to come to a deal with the this president to fair and reciprocal trade that could then remove some tariffs and help reinvillin-- reinvigorate their economies. >> it is clear that the economy is slowing from the levels that we reached in particular second half of last year, if growth comes in at 2%, say this year, a lot of people are looking for. are people -- are voters going to be more interested in job creation, and in wages. is that what the president can go out and campaign on? as oowe pose, i i don't know knf voter care much about 2 or 3%. >> i think you are right. in terms of average american, note tracking gdp growth year-over-year, or quarter to
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quarter, they are looking at it from paycheck and unemployment rates and their own industry, i can keep my job. job. am i secure. the economists and other folks track the larger indicators, but from president's stand point you talk about paychecks expun. rates and un. aemploymentmentrates making thio your own household, cnn poll 71% of americans think that economy is strong, highest in 10 years, one of the numbers i really like was a plurality of voters, said that they were better off now than they were three years ago in their personal finances. which means, all of the good numbers we have been talking about, people are feeling it. >> i was surprised to hear you mention you were hopeful that tariffs would removed, president yesterday talked about keeping
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them in place for a long time, it is -- a lot of industries, getting hard hit. should trump work to alleviate to remove the tariffs soon? >> it depends on what tariffs you are talking about. there are a number on various industries and countries, with china, i know that president is clear, that is something we need to keep in place until we see concrete evidence that the chinese after making a deal would actually be following through with the other steps. in other areas, we're negotiating with the eu and other country, we have more flexibility their, because we have a languager history of able -- longer history of able to montmonitor and making sure peoe live to their agreement. >> to that point jonathan brought up, government here maybe does not china will follow through. as i bring it back to smaller people, you brought up medium
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and small businesses, i think a point of concern for a lot of them, institutes, is the -- in the studies is wages and tight labor market is keeping employees, is that something you feel could be a hurd told continuhurdle tocontinue to ove. >> it will pose a challenge, if you are a small or medium size business, and have you compete by raising wages that is a concern. but hopefully your business is so strong that driving that you will be able to absorb those. having a tight labor market as long as we've had with historic low unemployment rate, rising wages, and those are good things for america americans, i am sure request make the adjustment necessary to the business side to acome die accommodate that. we've seen a lot of en useiasm and small, and enthusiasm and something and medium size
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businesses. >> i'm not worried about here, but i am worries about europe, a lot of places are contract, japan was contracts, and china who the heck knows. what happens if we end up not immune and we have a big slowdown, what does the administration prepare or propose to stem that tide if it happens? >> well, with actual proposals, i am on political side, i would turn you to white house for specific proposals. but i can tell you, what i said earlier, reason why we need new strong trade agreements with the countries, so they can join in the economic strength of our country, with japan, we're negotiating we've been doing it for a couple years now, same with the eu. and as the uk does or does not
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get to brexit we know we're working ahead to have a trade deal with the united kingdom, those are things we can do to help lift their economies up. that is something all my friends at white house are working on very diligently. david: mark lotter lot, trump 20 thank you. >> thank you. >> you can catch maria's full interview tomorrow, 6 ar a.m. on "mornings with maria." >> meantime. alexandria ocasio-cortez is. a debate on that coming next.
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>> green deal, larry kudlow said it will destroy the economy. is he right? >> i don't spend much time worries about things that i can't efact wait. you can' -- can you focus on the economy without hurting the economy. >> that is jamie dimon talking about alexandria ocasio-cortez and her green new deal, she was firing back at him for saying her green new deal would be bad for the economy. she tweeted out, j.p. morgan agreed to pay 13 billion over its massive role in mortgage schemes and they finance major
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fossil fuel pipelines, it is best money, maybe they are not the best authority in prioritizing economic well being of every day people and the planet, does she have a point. >> for aoc, you know bankers -- she is nef never going to -- she tried t hold the ceo of wells fargo responsible for the loan its makes for fossil fuel. she was 18 years old when it happened. david: she can read history. >> her history is wrong, the banks were victims of the global financial crisis, it was caused by intervention, just what aoc proposes with the green new deal. >> i don't want to debate right now 2008, they just
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collateralized everything and tricked people to buy risky trenches of debt. aoc-- not her but a group saying that j.p. morgan spent 196 million in finances fossil fuel since signing the paris agreement. >> thanked to we are, we have the heat running in here. >> but, i want to address something a lot of our viewers talk about they tweet, we do read them, why to we bring up alexandria ocasio-cortez. and the green new deal. i think david said, so many democrat and people are onboard, it sa an issue that we need to k bit is 35s, people are dis-- it thriving it people are discussing it. >> look. this is ignorance meeting arrogant at once. >> me? >> i give her all of the credit
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in world, she ran for office, she beat a lifer, she is in washington d.c., but to go after one of the icons in business, a resume on resume, one of the brilliant minds of this country and take him on, when you just came out what i call most fantasylandish proposal in history that has no feasibility. and then you have a bunch of other politics back it up, it is a comedy act it should be first 15 minutes of "saturday night live," yet she take its on seriously. -- i don't know where e el elseo with it, but enough is enough. >> gary, it must be wonderful to be 29 years old and think you have all of the answers. >> that is the arrogance. >> right. but it might be interesting for her to know in new york state, talking about pipelines and
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finances, new homes cannot get natural gas hook ups in westchester county we're not building enough pipelines, that is real life, this is real people not able to heigh heat tr homes with natural gas which is a cleaner fuel, because of resistance to pipeline. i am with jonathan and gary, this green new deal is so fantasyland, someone really needs to explain to her what problems are. >> christine it a? christina? >> no. >> this is a nonbinding resolution. >> it does not make sense. >> i agree that there is a lot that does not make sense. but people are -- >> all of it. david: you know there is a another part of this whole thing, that is we're going to 2020 elected, this is about politics.
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>> right. david: voters a will decide between an administration that increased production of fossil fuels and create the a lot of jobs and more energy, that makes us less depending on saudi chics sheiks. >> can i say one thing. christine athe fact that a lot of politicians have come onboard the green new deal does not validate anything about the green new deal. what it says is that they are afraid of aoc and her twitter followers they get mugged every time they disagree with her, as you say, nonbinding, kamala hair siharris can sign it, it means nothing. this not a realistic approach like jamie dimon mentioned. >> but science means something that is there are debate. we're not scientists to go to greenhouse gas emissions.
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>> jamie dimon had a realistic approach. >> carbon tax. >> i don't like that, but let's talk about something that actually could really happen. >> >> you have a one party that is antagonistic forwar toward foss, they give us our mooe modern lie style, they are antagonist against bankers, to gary's point, jamie dimon is a hero, he should have statues electioned o him not. >> this woman almost single hannedly stopped up to 50,000 new jobs out of amazon in long island city that could have changed face of the area, and have so much more growth geeing forward yet she is sitting there blasting a guy that is created
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so much wealth and so many jobs. -- i should have loo looked at number, how many jobs j.p. morgan has just in the stay of new york. here are these people to continue to rip away at greatness and success. against this is what the election should be about. either government big government or live the people in business alone to do their bidding. >> gary, hard to figure out where you come down on this issue, but we have to leave it at that. >> president trump signing an executive order to protect free speech on campus, we speak with a college advocate to campus reform on why this is so needs right now. she can stay with you to finish her senior year. things will be tight but, we can make this work. ♪ now...
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scweura bravel.>> like those he. all of that changes starting right now. >> president signing an executive order threatening to pull federal funding from colleges that don't respect free speech on campus, joining me now emma michelle. from campus reform, thank you emma. what kind of change do you think this could bring about. >> we're still waiting on a lot of details for this. president has given us a couple things to work from. we know he talking about potentially restricting federal research dollars, a new report, said that we pay almost 25 billion dollars a year in federal research grants, to higher education. and as taxpayers we're pouring our money to an institutionalized system that does not respect free speech, i work with hundreds of student
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who their rights trampled by higher education. >> emma, it is horrifying when a conservative speaker is not allowed to appear on campus, and so forth, it seems more of an issue long-term the fact that faculties are so swayed and they are leftists. basically across the country most are registered democrats and et cetera. what is -- is this executive order going to have any impact on that bias on the university campus? >> it is hard to know at-this-point. but i do believe if the president puts an emphasis on increasing intellectual diversity to college campuses, hopefully an effect would be more different view points represented to campus we see that things are one-sides in higher education, and certainly there should be a broad range of view points, including liberals
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and also conservatives and libertarians on campus, they should be able to speak and express their opinions without fear of being punched in the face or hit with a flag pole or pepper sprayed. >> do you think that an executive ord kerr change ordeorder can change fairness, o monitors it. >> hard to know at-this-point how this will play out. president trump mentioned giving the power to federal agents to restrict grant money, but it will take more of a cultural shift to accepting ideas that we don't governo agree with. that cannot happen from a branch of the government that has to come from our culture, this is a good step in the right direction
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recognizing there is a severe problem on our campuses in fosters intellectual diversity. >> i feel our panel would have been opposed to this order, does u.s. construction protect freed afreedom of speech. i do 100% agree that there needs to be more being taught in terms of different various view points, i can see just going through education myself you dean hear adon't hear as much fm republican point of view. >> we tried that with equal time law for television. it was a mess. and christina's point, emais government now getting in business of policing ideas like richard spencer on not okay, but milo is okay. and as gary pointed out, getting government out of education. >> i agree, i have a more
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libertarian perspective on these issues, but i do think that if thera one time it good to have president recognize something, it is the first amendment of our constitution. this is first thing that founder baked into the bill of rights, if anything this is more than worth protecting and giving extra attention in a time where we have a electric -- long track record of student rights tramp bell by the campuses. david: we keep showing that video of haden williams getting sucker punched in berkeley. do you think that the school was to blame for that, we should mention neither th the -- punch. >> making sure there is ample security on campus. actually had a great response, they took action, they went to arrested the guy that punched
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haden william, good on them for that. but really what is led to this a language standing campus culture at berkeley, and also across united states that says, it is okay to punch people if you disagree with what they say, that not true, that is a bad attitude, and bad when the college students are taught that is acceptable behavior. david: emma thank you, appreciate it come back again. >> great to be here. david: thank you. >> we have breaking news, nike shares tumbling 4% after hours, reporting earnings revenue in line with estimates but a saw disappointing north american sales amid higher spending on new products and on-line. watch out for nike tomorrow. >> fbi now joining a criminal probe into crash of one of two boeing 737 max/8, that within down, lan ralph nader lost a cle family member on one of those flights, he is calling -- whistle glowerwhistle-blowers te
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david: long time consumer advocate ralph nader tragically lost his 24-year-old grand niece in deadly ethiopia airline crash last week, he is now determined to turn his family's anguish to action, he is on a merril persol mission to found out what cause the th the boeing 7 too crash. ralph, our condolences. >> just a minute. she had leadership, compassion and intellectual rigor written all over her, she came out of masters global health out of
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university was copenhagen. feel researcfield research in a, invited to fre to conferences, p compassion, that the kind of leadership you want from younger generation, it is gone, because of what is clearly criminal negligence by boeing, they were pushing a business strategy too fast, to catch up with the airbus. and instead of going to the 7 737-900, they tried to make what they call minor change, increase number of seat to compete with airbus, told airline, you can get this 7 37 with more engine efficiency, more seats and you won't have to change your pilots and you can save money, that is
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kind of corporate cost-cutting that leads to criminal negligence where management pushed boeing engineers and the faa to speed up the certification process, as you know, boeing certifies itself now, two people, one says this part meets standard, the other part said i represent the u.s. government, i, a boeing person, and the faa accepts that. this is why there will becomingal investigation. -- there will be a congressional investigation. fbi, and department of transportation, we hope what comes out is not just a reform of one plane, but a reform of whole safety regulatory process. and a message to these arrogant algorithm drivers in all our technologies, we cannot rush to judgment and replace human intelligence with
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artifiartificialintelligence. >> ralph, i know this is going to be difficult, you are going of a be. boeing has lobbied government, they spent 753,000 to political candidates then acting secretary of defense, patrick shanahan has been a boeing person, for 30 years, how do you plan to overcome all of those hurdles? >> well, it will be rigorous media, your profession, continuing to do the good job it has been doing for last 10 days, it will take more organized passengers, people who say they will not fly thaboing 737, that will get attention of airlines.
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change reservations. and then, third, to make sure congress wakes up. it has taken all kinds of hair line freebies, you know no reservation fee charges, upgrades to first class. all amenities, we sent a survey to every member of congress, twice, in last year, saying, reveal too, the public all of these freebies you get no one else gets, not one out of 535 members of congress responded. then over 330 members of congress take regular campaign cash contribution from boeing, 100 full time lobbyists, mark our word, bo wil boeing will bed accountable to allow engineer integrity to replace short-term commercial prov -- profiteering. >> mr. nadeer, jonathan hoenig,
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my heart goes out to you, a terrible loss. -- about a million and a half people die a year from auto accidentsless than --less than 600 a year in air travel, as you said, public did not abandon this plane, if the public wants to fly is this their right to assume what most people think is a very risk? >> you are right, boeing had a good record in this country. not so much abroad. with the boeing 737 series over the years, but you know they push the envelope too far, there is a time when you stretch the rubber band to meet its purposes thethen you keep stretching if t snaps. when you make your boarding
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reinvestigation, airline should tell when you kind of plane is on, they don't do that. they should do that. because that is part of consumer choice. >> kayak.com does this, they added an option on-line to see what plane you are flying that is one company. >> are in nader, in their had liz peek -- this is liz peek, my sympathy with your family loss. my question, what is it you think that you will discover that is not likely to also be discovered by the government? >> keeping pressure on. airline passengers, human being, media that is one, you see the announced investigations on other matters before, they just peter out, but members of congress, they beat up on corporate executives while tv cameras are running.
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they don't do anything later. looking at forbes magazine connecting donald trump's executive order, said get rid of two regulations for every one you issue, forbes magazine does a great job tracing increase pressure to cut faa budget and staff, now we know some of the consequences. manuels were inadequate, pilots not informed, one pilot notified nasa in hot line they have. said, that the me the manuels we criminally insufficient. the main thing out of this tragedy, to make sure we have safety regime. that puts passengers first. and slows down this crazy
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expansion of artificial intelligence, robotics replaces human intelligence. >> this is gary, thank you, the sincerist condolences. personally and as a consumer advocate, have you been able to or' to reach out to boeing and have a dialogue with them? or is now shut down and will go through whatever channel, courts and lawyers? >> good point. boeing is not talking. they will be confronted with private civil litigation. there will be criminal probe and the congressional probe, they have hearings in the house and senate. i did an open letter to boeing. about a week ago. and because i tried to call boeing, boeing's office. again and again. they were too busy to respond.
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so unfortunately, it is hard to make connection with them. but, we're calling for more ethical whistle-blowers. and congressional committees have to protect the whistle-blowers to protect them from realtation. re-- retaliation. the politicians in white house will not let civil service to their job. they will not get the best out of our technical civil servant. david: ralph, the civil lawsuits with it i discovery there will a lot of information and you others that have a personal interest will get out of that, our deep condolences to you and your family and your own niece, mother of the young woman who was lost, our prayers with you, ralph, it is a difficult time. >> thank you all. david: appreciate it. >> another warning sign for
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so is this a red flag for the housing market? >> well, it is a red flag. a cash cow for the banks, and banks that have inverted yield curves that will hurt. but this is an outcome of easy money, with prices too high, even on high-end, those prices are coming town, demand is coming down this is the affect of it, i don't think that there is an end of world type thing but something to watch. if houses getting hit the economy gets hit. >> but, i would argue that housing has been hit, this high-end feature is new, but real estate industry home building has been one of soft spots over last couple years. with mortgage rates now coming town, thought it would be a boost to homeowners. home building but this i is high inthing, i wonder how much is high tax locales, whether to
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trace it to tax bill or ramifications of that tax bill. >> you are spot on, it has hit, jumbo loans is anything 484 thousand or higher. we have seen prices cool. agree. >> that is a month's pay for -- >> danger this is 2008. thank you. >> under pressure, bernie sanders trying to drop socialism, but i not in the wayu may think. we'll explain, coming up next. portfolios to your goals and needs. some only call when they have something to sell. fisher calls regularly so you stay informed. and while some advisors are happy to earn commissions whether you do well or not. fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other money managers.
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do i need to explain this? benjamin franklin was asked famously what do we have, monarchy or republic. her he said republic if we can keep it. >> we know it doesn't rate that well given that socialism is seen as a utopian world created by the young and the restless. if i were a marketer i would say why do you need to change the name. you need to confirm the meaning of the name. >> he can put whatever lipstick he wants on this pig. we are going to call him out. it's we the people, not we the government. the notion america can be whatever we vote on?
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keep a contracd keep socrates i. president trump: taxpayer dollars should not subsidize anti-first amendment institutions. that's exactly what they are. anti-first amendment. universities that want taxpayer dollars should promote free speech. we'll not stand idly by and allow public institutions to violate their students' constitutional rights. if college or university does not allow you to speak, we'll not give them money. liz: finally a leader trying to bring common sense to out of control * colleges who operate on our nickel.
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