tv Cavuto Coast to Coast FOX Business March 27, 2019 12:00pm-2:00pm EDT
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>> we'll see, we'll see. all options are open, so you understand, all options are open. go ahead. all options are open, yes. reporter: [inaudible]. >> i'm not going to tell them anything. they will make their own decision. reporter: mr. president, you just said russia needs to get out. have you in any way communicated that to mr. bolton or through your representative at the united nations? >> they know. they know very well. they know very well. go ahead, next question. reporter: -- your views on health care, do you think -- >> look, we're not talking about health care right now but i will. the republican party is the, and you will see this very soon, because obamacare is a disaster. it is too expensive by far. people can't afford it. and the deductible is horrible. so the premiums cost too much. the deductible is horrible.
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the only difference between now and the other administration that we're administering obamacare very well. so we've made it better but it is still horrible, no good. it is something that we can't live with in this country, because it is far too expensive for the people. not only for the country but, i'm not even thinking about for the country. it is too expensive. the premiums are too expensive. people are going broke trying to pay for it. and the deductibles are averaging over $7,000. so you have to spend 7,000 before you get anything. that is very unusual. deductibles are way too high. obamacare is a disaster. we're going to be, and i said it yesterday, i mean it 100%. i understand health care now, especially now very well. a lot of people don't understand it. we are going to be the, the republicans, the party of great health care.
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the democrats, they have let you down. they came up with a obamacare. it is terrible. i got rid of the individual mandate. that was the worst part of obamacare because people were forced to pay a lot of money to get health care that they didn't want. okay? now they don't have to pay that money. people are all over this country thanking me. every time i go out they thank me. they don't have to pay a vast amount of money to have bad health care. so we got rid of the individual mandate. that was a big thing. we will, you watch, we're going to be the party of great health care. and democrats have let you down. they have really let you down. obamacare doesn't work. it is too expensive. and the, take a look at everything with deductibles. it's a disaster. it is a disaster for our people. we'll not allow it to go. we're coming up with plans. we have a lawsuit right now going, where phase one of the lawsuit, terminates obamacare,
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essentially terminates obamacare. you know that is the texas lawsuit. we think it will be upheld. we think it will do very well in the supreme court. if the supreme court rules that obamacare is out, we will have a plan that is far better than obamacare. thank you all very much. i appreciate it. thank you. >> thank you very much, everybody. [people shouting] >> i greatly appreciate she is here. she has been a tremendous representative for her country. and she is meeting tomorrow with the first lady of the united states in florida. they're meeting tomorrow. reporter: message that the united states is committed to -- >> i'll tell you, the if you look at what we're doing, you will see a commitment that few
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people have made. frankly, this didn't have to happen in venezuela. past administrations right here should have been more forward thinking this should have never have happened in venezuela. this is a tragedy. you know, we're fighting all over the world for countries. we're 5,000, 6,000, 7,000 miles away. they never did anything with respect to venezuela. fast administrations allowed this to happen. i inherited a mess between north korea and all of the problems we have all over the world, the entire middle east, and venezuela, these are things that never, they never should have happened. they never should have have allowed to get to this point but i'll fix it. we're fixing it all over the world. that is what we are going to do. just like in a different sense we are going to fix health care, we're going to fix a lot of problems that nobody else was able to do.
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and, we just left as you know, the prime minister of israel. they're having a lot of hard times over there right now but the golan heights, which every president promised they would do, they never did. i did that not only with respect to jerusalem and the embassies about also now the golan heights. they desperately need it t was good timing. they desperately need it. they need the heights. thank you very much, everybody. [reporters shouting questions] >> thank you very much. >> let's go. right this way, press. let's go. thank you very much. neil: you've been watching the president of the united states. he is with the wife of juan guaido, the opposition leader of venezuela. the president saying that things are a mess in venezuela. that is probably an
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understatement. he intimated everything is on the table here, how to respond to that mess. the fact that juan guaido cannot get into the capital to lead the country. his wife is here trying to drum up support from americans and politicians in this country. would i be remiss if i didn't point out what is happening at the corner of wall and broad right now. dow jones industrials are down 159 points. we're at the lows. pay attention to the monitor there for those listening on radio, the gap between the three month bill and 10-year note, inverted yield curve is a record, 10 basis point gap, to something we haven't seen since 2007. what that means is on a three-month bill you get 2.46% for your money. going out 10 years, only 2.36%. the fact that you can get that much more of a three-month bill
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than you can a 10-year note is part and parcel of this global slowdown issue you heard so much about. german bund yields as they're called are negative territory. they are actually trading below japanese government bond yields for the first time in about three years. japan, among industrialized countries, typically have the lowest interest rates on earth. germany, presently, beating them. so we are following that. we're also following the mueller fallout of all this, a number of key influential democrat congressman and women that this is not over, the collusion issue is not over. you no doubt heard from adam schiff, undoubtedly collusion. and rashida tlaib says donald trump is the most dangerous threat to democracy.
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that has not changed. ditto eric swalwell of california, brad sherman, al green. influential players. that the fight over collusion is not over. we'll look at that. also looking at inverted yield curve. looking at global slowdown fear. it is doing something in the mortgage bond market. if i can get wonky for you. those who bet on mortgage bonds, when interest rates slide down, people want to pay off those mortgages. that upsets the value of the underlying bonds. they're all of sudden not so attractive because people are paying them off. you can't get a real price on those securities. it is not a crisis, i stress, far from that. it is adding confusion because it hit the mortgage bond market when it hit our own mortgage bond market this disparity in prices is confusing folks.
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they don't know which way to go. read from the white house with health care on the front burner as well. blake burman there with more. hey, blake. reporter: neil, you laid everything out. as you mentioned at the end, oh by the way there is battle over health care. we heard president trump talk about from inside of the oval office. the president once again saying today, that the republican party is going to become the party of health care. the big question is, how do they go about doing it? as we know the department of justice has said it is backing a district court ruling out of texas which essentially says that the affordable care act, obamacare, should be overturned in its entirety. we heard from president trump just moments ago saying we will come up with a plan. we will have a far better plan than obamacare. the question is, what exactly is the plan? that is undoubtedly the major question. when you look back at the history of trying to reform
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health care over the past decade or so, president obama did it shortly after his inauguration in 2018. it was not kind to congressional democrats in 2010. congressional democrats ran on the message in 2018, that republicans want to strip away the coverage for preexisting conditions. that message clearly made it through as the republicans were able to flip the house from red to blue. now what you are hearing, seeing here in washington suddenly with the reemergence of health care, is the debate, well, what are you going to replace it with? the republican senator from south carolina today, tim scott, made it clear that if the white house wants to go down this road, they better come up with a plan. watch here. >> if the issue or case in texas turns out that obamacare is found to be illegal then we'll have to have a single solution. i hope that solution starts with the white house and finds its way to congress.
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we don't need 12 of them. reporter: starts with the white house, finds its way to congress. we can tell you that attorney general bill barr and health and human services secretary alex azar were those who disagreed with the decision, the eventual trump administration decision to say that the affordable care act should be thrown out in its entirety. that is notable because bill barr is the attorney general who runs the doj since changed its position. as the white house always says the president likes different voices in the room. in the end it is the president's voice that matters the most. neil: what i thought about, you obviously stated the political bugaboo here. obviously no republican is in favor of the affordable care act as it stands right now but they have nothing to replace it. should the decision come down where they do get rid of obamacare, the affordable care act, there are 20 million people who lose some insurance without a fall-back, right? reporter: with would be the
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legislation potentially maybe to stop that? would there be a some sort of a stopgap measure? the white house, neil, says the president supports protecting preexisting conditions. they support a plan put out, the cassidy graham plan as well. but keep in mind, even if something were to pass the senate it would have to go to the house. democrats run the house. there is no way that they are overturning a health care law with the name of president obama behind it. neil: interesting. just pets murkier and murkier. blake burman. as we go to the corner of wall and broad, we have a phenomenon, inverted yield curve, that is not worth of a "fox news alert." that has been the case for a couple of trading days. what is new the gap has widened to 10 basis points. that is something we've not seen since 2007. there are those that trade in something called mortgage bonds.
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those bonds are attached to mortgages whose underlying buyers are folks like you and me. rates come down, we want to pay off the mortgage we have or the second mortgage we have, so we do. then that underlying bond is gone so to speak. those invest in the bonds have to find either a new bond to go to or reprice the existing bonds they have under their arsenal. without getting too wonky or academic. they don't have anywhere to go. it is not a crisis. what happens when interest rates fall, they pay off mortgages, pay off debts, pay off home equity loans. the people who package the securities, yes, they still do that post the 2018 meltdown, don't know how to value what they have on their books especially as we get more and more news that more and more people are doing this. for example, in the latest period, we saw a dramatic surge in mortgage applications because of what's going on with these
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tumbling interest rates. it is an interesting subset to this drama with the lower interest rates but it bears watching. i know, i'm probably making your eyes glaze over. that is what i do, america that will be a very big velamen to keep track of because if all of sudden you're investing in this stuff, people, given the drop in interest rates are aggressive trying to pay off this stuff, it is hard to get a price for that stuff. like you're in the middle after sale at walmart, everything is going half price, shelves empty out, they will lower it again, i get value of stuff as they keep discounting. the revenues come in, you don't know whether you make a profit on the stuff you're selling. again it is just a sideline to the story but it bears watching here. meantime another development i thought that was moving the markets was these ponderings out of prominent democrats this
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collusion thing ain't over. already you heard from likes of adam schiff who has been very, very clear that undoubtedly, this is what he says, i'm quoting, there is collusion. that's it. he doesn't support -- obviously finding as relayed by attorney general barr, that the mueller folks found no collusion going on. so he has his doubts which means he also has in store hearings. you have rashida tlaib, democrat from michigan, who is a very big critic of the president, saying he remains, remains, the most dangerous threat to democracy. you have all these developments, likes of al green, a frequent guest on this show, says he is still pursuing impeachment. he doesn't think anything will change. they're a minority. they will not rule for the majority. they will not get all house democrats to go along. when we got more of their musings out, on top of inverted yield curve stuff and mortgage bond stuff it, was a good excuse
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to sell, sort it out later. that is what they're doing. let's go to "axios" reporter stef kight on all of this. what do you think? >> we're certainly seeing continued pressure from democrats to cope investigating the president, to keep looking for collusion. especially the point about obstruction of justice is something that mueller left sort of up in the air. we'll continue to see a partisan debate over whether there was obstruction of justice or whether there wasn't. so that really gives democrats something to cling on to, continue to push into, we've seen even democratic super-pacs like priorities usa encourage democrats to continue investigating into trump and keep pushing forward with impeachment. but on the other end, most leadership, including nancy pelosi are kind of encouraging members not to get hung up on impeachment. that there are other issues they should focus on like health care. voters will not vote because of i
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impeachment. there is certainly a divide among democrats. the majority is saying move past this, move past impeachment proceedings. certainly outspoken members continue to push into this. neil: the fact that adam schiff is saying stuff like that, undoubtedly there is collusion, indicates to me the hearings are still on. he will be very busy. he will be the prominent of those democrats saying he will not give up the fight. that was my interpretation. i could be overstating it but what do you think? >> i think we will certainly continue to see investigations and hearings from democrats in the house. we'll see investigations into issues that are not russia collusion and not specifically the topics that mueller investigated. keep in mind there are still investigations, state and local investigations into trump's use of his businesses and there are other, there are other issues that can be investigated beyond specifically the russian collusion issue. i think this is, this is going to continue to be a important
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issue. as i said they will face pushback from leadership. they will face pushback from people like hakeem jeffries and nancy pelosi saying let's focus on 2020. let's focus on winning 2020, and not impeaching the president which can be a distraction. there will be tension there. there will be continuing to be hearings and investigations but more investigations into issues not touched on by the mueller investigation. neil: stef kite, thank you very much. from "axios". judge napolitano is here, the host of the on fox. for some it will never be over. for a few it is not. i'm wondering what you make of this. not going along with this nancy pelosi plea to cease and desist? >> use congressman schiff as an example. congressman schiff's head, here
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is what i think he is talking about. we saw on sunday a four-page summary of a 700 page report. the 700 page report is a summary of two million pages of documents, of raw evidence. in the 700 page summary of the two million pages of raw evidence, there is undoubtedly some evidence of a conspiracy and some evidence of obstruction of justice, just not enough evidence, i'm thinking the way i believe congressman schiff is thinking, according to attorney general barr, not enough evidence to prove it beyond a reasonable doubt, which is the standard. prosecutors ethically cannot bring a charge unless they believe they can prove it beyond a reasonable doubt. so once the 700 pages comes out, this is my criticism of the attorney general, he shouldn't have even tipped his hands on this, but once the 700 pages comes out, the democrats will have, other trump opponents will
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have a field day with what is in there. if there were no evidence of conspiracy and no evidence of obstruction, the attorney general would have told us so. he didn't. so there is something in there but the democrats and opponents of the president want to see. they will see it. and they will make hay out of it. then they will second-guess bob mueller as to whether or not it is enough evidence to meet the legal standard of proof of guilt beyond a reasonable doubt. neil: but if barr characterizes the way he did, i know he ran that by rod rosenstein, but it would stand to reason someone ran it by barr, i'm sorry, mueller, right? because mueller, if he found that characterization offensive or outright wrong, wouldn't he have gotten out a clarifying statement? >> yes and no. on the conspiracy charge, mueller, just going to use their last names, mueller, rosenstein, barr are on the same page. there is something there, but it is not enough to prove filth
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beyond a reasonable doubt. on obstruction charge, mueller did what a lot of them do, kick it upstairs. there is evidence of obstruction. there is evidence of no obstruction. we're equivocal. the boss decide. boss bill barr said we're not prosecuting. whatever the evidence of obstruction is what the president's adversaries will have field day with. neil: for weeks or months, right? >> for two years. the duration of his term. neil: judge, you're amazing. i understood that. >> i understood this inversion stuff. gasparino thought he is the only one on smart business. he is not. neil: you should see him trading in futures. thank you, judge, very, very much. we're down about 152 points. you will hear a lot more as the day ensues. a lot of people that invest in mortgage bonds they don't count on a lot volatility. they're not sexy instruments to
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invest. they don't move that much. interest rates are generally stable. we had this inversion, it was a small little inverse but they went nuts, like relatives at like a cavuto family reunion. some of them love to agitate. they're agitated and it is hitting the markets. we'll have more after this. you wouldn't accept an incomplete job from any one else. why accept it from your allergy pills? flonase relieves your worst symptoms including nasal congestion, which most pills don't. flonase helps block 6 key inflammatory substances. most pills only block one. flonase.
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neil: can jussie smollett now sue because his legal team got him off the hook? tracee carrasco and more. reporter: dramatic turn of events yesterday. the chicago police department blindsided as all 16 felony charges were dropped against jussie smollett. one major question now, did anyone intervene in this investigation? the police union now calling on the justice department to investigate an apparent connection between a former michelle obama aid and cook county state's attorney kim foxx.
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foxx abruptly recused herself from the case at the height of the investigation after text messages between her and michelle obama's former chief of staff, tina chen surfaced. chen tested fox on behalf of the smollett family urging foxx to turn the over the investigation into fbi which kim foxx responded quote, spoke to the superintendent earlier. he is going to make the ask. trying to figure out logistics. i will keep you posted. tchen responded, omg, this would be a huge victory. smollett's family attorney appeared on "good morning america," saying smollett is considering legal action now. >> you said clearly you think the police are not telling the truth about jussie. are you going to sue? >> we're waiting on our options. what jussie, he wants his career and his life back. reporter: cook county prosecutors say this is not an
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exoneration. they reviewed the evidence, took into consideration smollett's community service combined with his willingness to forfeit $10,000 bonds just a punishment instead of going to trial. cook count prosecutors say smollett is non-violent offender. so his alleged hate crime hoax doesn't warrant more prosecution. neil? neil: trace see, thank you very much. go to richard roth on the backlash from all of this. he is noted respected attorney. probably a good thing i'm not, richard. i'm flabbergasted at this,. >> it is outrage just. we don't know kimberly foxx or two brothers who were essentially good friends with smollett. maybe there is another deal, listen we're not willing, we're recanting our story, we're not willing to say what we said earlier, something doesn't smell right. the fact it was sealed is also troublesome. this seal has to be lifted. we have to find out were this happened. the entire police department is upset. the mayor is upset. quite frankly the country is is
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upset, somebody took advantage of the hate crime, use i had it and is walking. it is just outrageous. neil: what i don't understand, he all but admitted to the actions and disowned that. if they're all dropped, does he really have grounds to sue. >> if they are technically dropped, there was essentially, not a basis in order to pursue them. so he could sue. he is not going to sue. he does not want this to stay in his current portfolio. he wants this to move on. he will not sue. he has a right to but it would be an outrage if he sues, remember 16 different count indictment. neil: they didn't run it by the police chief. i could see the mayor. they were stunned. how was this all handled? obviously there are a lot of reports, people with ties to michelle obama, all that. it gets weird. i don't want to even go venturing down there but something was done to completely
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reverse this and all of those 16 charges? >> yeah. the prosecutors are just saying listen, we think it is fair. we think the crime is fair in light of what the allegations were. it wasn't. it clearly wasn't. there is not a person who is on talk shows says this was fair. this is not one, five, 16 count indictment. he took advantage of the hate laws. he hired two friends of his, pay them, pretend a crime was committed. it just may be that those friends are not willing to testify against him but something doesn't smell. neil: i was thinking just that. the police department union in chicago wants the feds too look into this. what do you think? >> it is interesting. there is separate case against them. there is federal case against him being pursued. he has not been indicted but for sending the false mail to himself. it is mail fraud. federal prosecutors may pursue this claim. i think if anything this gives them incentive to do so, this is just not the way justice works.
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it is terrible to the system. it is terrible to chicago. it is terrible to the police department. it is just an abomination how this was handled. neil: you explained it very nicely, richard. it sums up emotions as well. richard roth, thank you very much, my friend. >> thanks, neil. neil: the faa is facing lawmakers today. as the airline itself, boeing, the carrier itself, the builder is talking about completely redoing its software in the cockpit to prevent any problems in the future. why that might be a little too late after this. can we talk? we used to play so beautifully together. now we can barely play anything... even cards with the girls.
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neil: top aviation officials are getting grilled at a hearing going on this afternoon. edward lawrence with more on boeing fallout as already getting to be known? edward. >> acting faa administrator will be on capitol hill. in about three hours he will defend his agency's actions following those two crashes of
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the 737 max 8, one last november and one earlier this month. the administrator will tell the senate panel exactly why it took so long for the faa to ground those planes. he will also say it is up to boeing to make sure planes meet faa standards. it is not the role of the agency to make the planes. he goes on to say, once the agency is made that it meets the standards. sort of splitting hairs. a hearing just wrapped up on capitol hill including the secretary of transportation she will ask the faa to review oversight manufacturing of the plane as well as the agency's approach to safety. >> i am of course concerned about any allegations of coziness with any company, manufacturer, whatever. the faa is a professional organization. reporter: secretary chao says
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that the planes should have all the safety features it needs to keep passengers save in the plane. specifically we're talking about a warning light that boeing says it has will tell the pilot when the anti-stall software is giving false reads. boeing charges extra for that. secretary chao says the faa will review the safety features on the plane but she stopped short saying that she will require boeing to add them. >> i don't think we're there yet, but it is very questionable, if these were safety oriented additions, why they were not part of the required template of measures that should go into an airplane. reporter: in about three hours, the acting faa director, administrator, danielwell and department of inspector general will go under oath for the senate subcommittee on aviation
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and space. that will look into the deeper questions and possible causes and fixes so the boeing planes can take off again. there is one patch boeing made to the anti-stall software. it has been uploaded in simulators. it is working in the simulators. basically what it does, turns off the anti-stall software and doesn't allow it to officially re-engage. that is not officially the cause of crashes we're still investigating those but faa says that needs to happen before the planes can come off the ground. neil: edward, thank you very, very much. the faa will weigh in whether the planes continue to be grounded. former faa squirrel scott brenner was among those early on that the faa should not have grounded the max plane when it did. >> hi, neil. neil: what do you think with the
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software fix, boeing is trying to say whatever issues might have been involved here are not an issue now. do you agree with that? >> you know, i think the fix was, obviously will be helpful for pilots but you know, i always come back to the fact that with more automation, aviation becomes safer and if you look at the record over the last 10 years where we had close to 100 million flights, we had one fatality, that is a pretty strong record to stand on. so when we have congress, when we have inspector generals, when we have the fbi getting involved in a system that worked pretty well, it worries me that we'll create something that is going to change how things work. neil: do you think this process has to be reexamined, scott? many are saying boeing was really spearheading this, pushing this. what do you think? >> i don't think it ever hurts to kind of reexamine how we do things. yes it has worked well. but you always have that personal factor involved.
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you know, maybe you have an issue where you have faa securityification guys are getting a little too close to the boeing counterparts. i think it is always healthy to shine a light on the issue but overall i think the record speaks for itself. i hope we don't get to a point where we're starting to mandate technologies that actually price a lot of folks out of the market. just for example, neil, i don't know if you have the old impala that you bought in high school you're still driving. neil: how did you know, how did you know? >> if you wanted to move to a safer car like volvo with 13 airbags, that is around $80,000, you will probably not make the choice and keep driving the older car. when you start talking about mandating safety technologies, you're starting to force people to make that choice of, do i stick with the older aircraft not as safe or do i spend all the money i have to buy that one aircraft that may be safer depending how my pilot is
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trained? neil: but it could also be a self-fulfilling prophecy, right? a lot of airlines cut back orders, we've seen that out of ethiopia, indonesia might follow, cutting available supply, doing at least more damage to boeing, what do you think? >> no, absolutely that is a big problem. boeing's big problem obviously getting through the next week, couple weeks. then just the public relations issue. you can show all the facts you want to a flying passenger but if they know they're flying on a 737 max, i think there will be some hesitancy. so boeing has some work to do on the pr side. neil: very good catching up with you, scott. we'll see what happens at the hearing later on. scott brenner, former top official at the faa. meanwhile there is a meese sal outbreak going on in this country, at least in new york, particularly in one county in new york, rockland county. the guy who runs that county who did something so novel others
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are taking note saying maybe we should do the same. after this. >> in order to prevent anymore children falling ill with this dangerous disease i'm declaring a county wide state of emergency. effective at the stroke of midnight tonight, march 27th, anyone who is under 18 years of age and is unvaccinated against the measles will be barred from public places until the declaration expires in 30 days or until they receive at least their first shot of mmr.
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♪ neil: here is how bad the measles outbreak in the country, particularly okayrockland county new york. if you're between ages one and 18, have in the been vaccinated you can be in any place, like movie theaters, shopping centers, malls, persona non grata, danger spreading measles which is rampant in the area. 153 cases measles confined to rockland county. 49 just this year. the man who recommended that, joining us right now, the rockland count executive ed day. executive, thank you for taking
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the time. >> good to be back, neil. we did it for a reason. this started six months ago. we initially had seven unvaccinated affected people come from europe. they came to rockland county. visited family and friends. people started getting infected. our health department, with the county, state health department worked admirably to track down where the infections were where we could warn people where to be, where not to be, where they may have crossed paths with people who were infected and the numbers kept running up. during this time the mission of the health department was to maximize immunizations and minimize exposures and to some degree with the force of the health law, sanitary code we were able to get compliance. we're losing this battle now. we're finding increasing amount of people are slamming the doors in our investigators faces who are trying to find out where they had been with an infected individual. others pregnant women, children six months or younger, people
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with compromised immune systems can be warned they may become infected. so this is the next step in my view where we have to recognize nearly 85% of the new infections are youngsters 18 years and younger. our vaccination rate in the county now is about 72.9% which is woefully short of the 95% provides herd immunity. neil: how do you follow up on that, ed? how do you police those who are going into a public place? do you card them? do you check their vaccination? how do you do it? >> no, absolutely not this is mostly an attention-getter. we want people to understand the law is behind the effort. that is just the fact of it. we'll not be checking cards or inspecting people, under the emergency declaration only option we have, there is automatic situation where if you are found guilty it is b misdemeanor with a fine of $500
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and up to six months in jail. we're not -- neil: does that apply to the parents as well? >> only applies to the parents. this is focused on parents, not the kids, no. the sheriff was at the press conference yesterday. district attorney and i have spoken. nobody is looking to arrest anybody. we're looking so that people understand this is serious. that you have a responsibility to society to cooperate with the health investigators. you have responsibility to society to get vaccinated. measles was eradicated in 2000, 19 years ago. how are we now facing a measles epidemic in civilized -- neil: they don't believe it. your point is well-taken. obviously a very deadly threat once it breaks out. some have pegged what is happening in your county to the ultra-orthodox jewish community in rockland, that they mirror much what happened in the brooklyn area, same said community, many of them do not believe in vaccinations. what have you discovered, uncovered, what? >> we have discovered, well,
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first of all 100 rabbis in our community have been spoken with a number of tiles. they have been supportive of vaccinations. the a bin call counsel made it clear, it is not religious exemption. they want people to be vaccinated. you you have certain pockets you have master teachers or rabbis do not believe in vaccination. it is educational piece. we want people to understand this is preventable. neil: if they think you're being targeted by your well intentioned measure, you want to save lives and protect lives. they will come back and going after the ultra-orthodox jewish community. >> we're working with the ultra-orthodox leaders and spoke with rabbis on regular basis. we met with them around 11:00 and are rallied support of it. bottom line we treat this public health issue.
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we've gone by geography, not religion, not the way it works. the fact of the matter we have major holidays in the christian faith and jewish faith next month. this is an opportunity for parents to get their children immunized now. we actually said we altered the ruling a bit, if you just get the first measles shot, that will provide 93% immunity. you will be exempt from this ban of being in public places or assembly. neil: how do you find out if someone is not vaccinated? how would you ascertain that? >> children in school. we're going through the records. again some of the record-keeping leaves a little bit to be desired to say the least this is ongoing effort. this is not just something that suddenly came up. we've been battling this for six months. the biggest concern we have, we have to recognize this took root during religious season last fall. we have a religious season coming up again of the we want people to enjoy their families, enjoy their time with friends, enjoy the holidays in both
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religions. neil: ed day, big moves in rockland county. he is the rockland county executive. ed, thank you for taking the time. i appreciate night thanks for having me, neil. neil: 153 cases of measles confirmed just in his county. it is pretty bad. we'll have more after this. so, jardiance asks... when it comes to type 2 diabetes, are you thinking about your heart? well, i'm managing my a1c, so i should be all set. right. actually, you're still at risk for a fatal heart attack or stroke. even if i'm taking heart medicine, like statins or blood thinners? yep! that's why i asked my doctor what else i could do... she told me about jardiance. that's right. jardiance significantly reduces the risk of dying from a cardiovascular event for adults who have type 2 diabetes
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and known heart disease. that's why the american diabetes association recommends the active ingredient in jardiance. and it lowers a1c? yeah- with diet and exercise. jardiance can cause serious side effects including dehydration, genital yeast or urinary tract infections, and sudden kidney problems. ketoacidosis is a serious side effect that may be fatal. a rare, but life-threatening, bacterial infection in the skin of the perineum could occur. stop taking jardiance and call your doctor right away if you have symptoms of this bacterial infection, ketoacidosis, or an allergic reaction. do not take jardiance if you are on dialysis or have severe kidney problems. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. so, what do you think? now i feel i can do more to go beyond lowering a1c. ask your doctor about jardiance today.
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they see us as profits. we're paying the highest prescription drug prices in the world so they can make billions? americans shouldn't have to choose between buying medication and buying food for our families. it's time for someone to look out for us. congress, stop the greed. cut drug prices now. (nationwidyou see brad, songs are really about big life moments. baby shower here. big. life. moment. what is in here? ohh! oh, i hope it's a life insurance policy.
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what? it's a sensible gift. protection for you and your family, nationwide has all the tools to help you find the right coverage. tiny baby shoes. so close. (peyton) makes no sense. babies can't even walk. should have been a life insurance policy. plus it would have been a great song. think about it, the lyrics, the beneficiaries... brad, where are you going? neil: all right, not only happening here. talking about what will happen with interest rates. they have been collapsing beard and germany they turned negative. if you want to park your money for the privilege of them holding money which is a little weird, but it merits something going on in japan not that long ago peered by the way, german yields are now lower than japanese government bonds. but it is a worldwide phenomenon generally indicating things are slowing down. it's not a worry for us? inverted yield curve were
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short-term maturities are yielding more than longer maturities and typically when that happens it signals at the very least slow down or maybe worse. greg rayburn last time he was here you might recall you might recall he was there during a recession is likely. doesn't have to be a serious one, but we haven't outlawed and he will probably not go today the concept of a recession. they go just like all markets coming to appear for this market but would it mean? >> we've seen the games were going to see anything from the stock market. when you talk about global slowdown you have to look at china first because that is what moves the needle for almost every company we have the traits publicly. that is global. they're driving to six, 655%. that is slower. that is the problem. a lot of people don't notice,
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but only two times pretty much in history has their gdp come in below their estimates. there's reasons for that. one is they control it appears they can turn this thing on roth. but the other is almost like ge back in the day guiding earnings in beating the penny every single time. i think there's a lot of concern that is slower than they are saying. neil: the irony is that they might not build and make good on it but not because they're cheating or because they. >> right, exactly. we've seen some reverberations in stocks of companies, but we haven't seen -- neil: is that overdone? you do have to wonder. >> productivity is an interesting thing because you're looking at gdp and productivity. there is a certain point at which the technology gains stop
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masking a lack of growth. like it true lack of growth. they can get you profitability and stocks can go out. at some point are you entering new markets? are you making their products? are you actually growing the business. that's the concern in the u.s. and globally. that is clearly the case they are. neil: technology gains are one big reason i do want to give away her conversation. maybe make the monks gave up on the site to try to reverse these wage trends. it's a moot point for them because the technology gains, automated stores. >> i don't think there's any question in my mind about that. they don't need to fight that battle because they are going to have $15 our employees. the quick serve restaurant industry really is built for you walk in, push a button and say this is what i want and walk out with it. you don't need a lot of human beings to do that. even if you go through the
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drive-through, the person at the drive-through could be in the middle of forever. this is before a.i.. one day i gets involved. neil: bertie find your value? you've made a lot of money recognizing value, but when i hear people like warren buffett say it's hard even in this environment to find such value. i'm not finding any. i'm not in the market right now. to me it is ahead of itself and there's going to be some kind of shakeout. tree into a kind of shakeout are we talking about? akin to what we had 10 years ago -- >> i don't think you can do 10 years ago but if you look at what's happened the last for months we have days for the dow sold off 400 points. when you look at it we are still at 25,000. that's incredible. could it be a thousand points? sure, absolutely. it doesn't mean it's going to take and there's not value. people think there's underlying
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value. neil: i was making a big deal of this because i get kind of wonky, but people invest in mortgage bonds, among them zealous investments is there so little volatility. night of her little volatility, sprinkling some inverted yield curve and you've got something is usually passive investors are ready for. >> inc. about the environment were in. i'll take my father is an example. the bank is going to do it 3% cd he jumped on it. that's the environment wherein really. very good seeing you my friend. he was way ahead of its curve. i didn't even think about with mcdonald's. >> good to see you. neil: same year. the president is talking health care. >> you watch, we're going to be the party of great health care and the democrats have let you down. they really let you down. obamacare doesn't work.
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it's too expensive and you take a look at everything with the.double is a disaster. it is a disaster for people. we are not going to allow it to go so we are coming up with plans. we have a lawsuit going where page one of the lawsuit terminates obamacare. neil: the president wants obama carried on. here's the thing what is rattling republicans. there is no replacement for that yet. they they ruled the obamacare, affordable care act. so what's in store for them? chat program, and producer. reporter: i just talked to democratic congressman a moment ago when i said that the president give you on the democratic side of the aisle a gift and he said yes. this is something democrats are excited about because they want to pivot away from the mueller conversation. things didn't go out there. you might say obamacare is
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unpopular but the reasons democrats did well talking about preexisting conditions in the midterm elections in suburban swing districts. if they want to go to the mat and try again to repeal and replace obamacare, this is a decade-long effort here to really hasn't gone very well. i talked to one republican aide on the senate side yesterday who indicated this was president trump really trying to get revenge on john mccain. john mccain's vote two years ago stuck with him. there was a reason they weren't able to pass through another bill in the senate cannot fix the president president and that may have ignited that treat storm a couple weeks ago. susan collins, republican senator from maine faces reelection in a challenging battleground date next year. she is adamantly opposed to doing that cements the problem. if you cut off obamacare, throw all these people off health care, what is thy due to the gdp?
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the president has enjoyed economic success so far. that's a real problem. democrats feel good from a political standpoint after one of the better we can he's had enough bases stepping on his applause lines. tree into the irony is we are told john mccain turns down on the repeal and replace measure because they were okay on the repeal carpet they've nothing to replace it. >> that's why you had 50, 60 votes with republicans were in control of the house to repeal that they could never get to replace. that's a fundamental problem. neil: you're the best, buddy. you're getting places that this capitol hill thing. meanwhile, paving the help care. with a mistake for republicans to worry the president might have introduced a development that could help democrats. former bush economic adviser todd. as harrington. did he raise a problem for republicans that they don't need
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and given the success the president has had probably don't want? >> i don't think so. he was elected to solve some of these problems. health care was at the top of the list behind immigration and several others in the economy. so health care has never gone away. it's been a winning issue for republicans since they took back the house in 2010. it wasn't because they fail to repeal it like they promised because they fell one vote short. i don't think -- you both on the issue because the vote didn't go their way. neil: i would think they'd be ready with a replacement if they're going to see this ultimately die on it done. right now they don't have that. >> neil, that is a big problem. president trump in his success has been affirmative and positive. he cut taxes. he moved the embassy to
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jerusalem. he is promising to build a wall that is doing a thing moving forward. merely repealing something is not the same. the gop unfortunately is not paired to figure out how to repeal and replace obamacare at this point and was not prepared to do it when we controlled both houses. that was the darn shame of it all the paul ryan was able to skip town into retirement whatever he's doing these days without having replace obamacare. >> i think it's on our board so i don't know. let me ask you about this. obviously there'd be a mechanism in place to restructure to continue to provide health care to those 20 or so million americans who would be in this twilight zone i guess. is it your sense that republicans can cobble something
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together. what do you think? >> right. they have had ideas for a very long time by an insurance across state lines and letting more free-market solutions takeover. we are talking about 20 million people on obamacare. 150 million people and private health care plans that kamala harris and the democrats want to get rid of. that's a bigger problem when you're looking forward to 2020 than republicans. neil: that's an interesting point. i heard another politician. i'm wondering what you make of that. republicans have to reframe this to say we are all paying for this big mistake. the public that just interpreted republicans were for preexisting conditions. they were for coverage of people in dire straits. a lot of people say i'm not so
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keen on that. >> let's face it. opera has some kind of preexisting condition. others have diabetes. others have bone spurs. i'm a new york knicks fan. but the preexisting condition i've been suffering with for years and years. the problem is obamacare as bad as it was, as much as it threw people off private health care did tap into two elements of anxiety. number one, preexisting conditions and number two, the fact young people are living with their parents well into their 20s and they address those areas of anxiety and republicans have to answer that and not simply take out a big sharpie and cross on obamacare. we have to remember democrats controlled the house. nothing they propose is going to pass anyway. he really is a matter of taking the time to come up with the plan you can run on any affirmative positive way.
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neil: do think he can? >> i think they can for sure. obamacare was supposed to solve all these problems and here we are. it doesn't solve anything. they are not talking about fixing obamacare. they're talking about medicare for all. complete takeover. when they pitched obamacare. clearly that was the game. >> as soon as it was passed, insurance companies were suddenly sending cancellation notices in the mail to hundreds of thousands if not millions of americans. there's not staying positive except merely replacing it doesn't alleviate the anxiety that so many americans do. neil: democrats themselves are the one espousing medicare for
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all to circumvent all of that. thank you very, very much. meanwhile, the president is looking at reforming fannie mae and freddie mac. what is that really mean? charlie gasparino. hey, but. charlie: this is a big deal if it does happen. the fact they exist is the reason why you have 30 year mortgages. they were private companies. they essentially blew up during the financial crisis headed to insolvency. they were part of the government now. neil: all about getting them out of that. charlie: they're doing better now. the theory is let's privatize them and this is where it gets very complicated. this'll be the first step there'll be congressional body and peer talking about $10 trillion market. a lot of investors look to the $2 a share, 1 dollar a share
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hoping for a recapitalization of both of these so they become public companies outside the government. and that is where this gets really hairy. this is the first step. coming in as head of the sh essay. this is a fraught issue. a lot of are doing going back and forth. if you go on social media, we have a lot of investors that watch the show. they will be tempted to buy the stock based on the trolling that goes on social media. a lot of jury traitors, and a lot of stock numbers. they are up right away 100% each or more so far this year. on the expectation something major will happen that will boost the shares. do think it's imminent? >> no. calabro has to get in there. inc. of it this way.
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the trump administration are republicans they want to do something that's interesting. they want to privatize companies, but then again they don't want taxpayer to foot the bill as they did in 2008. democrats in congress want these things to be lending money, creative and not a sphere where anybody with a heartbeat and maybe not even a job it's a home mortgage which is one of the reasons you had 2008. here's how they insure mortgages. they buy loans from banks and issue their own bonds. these are two competing ideologies and it's going to be hard to wreck to fight these ideologies in the trump administration. the erratically they come in they were going to do xyz. not easy. neil: not easy at all. we are getting a flash in the secretary of state might pompeo who said he has estimates rebuilding not a well. keep in mind that juan guaido's wife is in town as the duly
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coming to be summarily dropped in the two fingered by the prosecution for botching and essentially and now they're releasing stuff. this is a mess. what you think of it? >> well, it's an absolute travesty. if they get involved in the case it should have been before the grand jury and they didn't. the prosecutor actually presented that case in chicago, so there's no rhyme or reason for it. 25 years being a police officer. 15 of that being a deuce. i've never seen anything like this. it's absolutely unprecedented and tragic. neil: i guess technically in our society, and transferred be in a position to sue the police, right? >> absolutely. they made a martyr out of a criminal is what they did with
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dropping these charges. every citizen in this country should be outraged no matter what your background is because the average joe citizen who is in the same predicament that jussie smollett was in would not have gotten this deal. he's privileged. he has money. he has some political clout. he has supporters in the know, the average guy in this country would not have received this type of treatment to have that file sealed is another travesty. >> the fact that not only would they not explain how they came to this knowing that a former chief of staff. i'm not saying michelle obama was involved, but i just want to say there's a lot of curious things that go on including doing everything so you can find out what the heck happened. >> it's completely
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inappropriate. it degrades the criminal justice is done. they question what goes on with the criminal justice system and this is absolutely plays into that. he's not cheapening the marginal folks up there. what's going to happen the next time somebody truly is the victim of a hate crime. neil: steve, the cook county prosecutors say we didn't exonerate him. well, that's the appearance. how do you characterize that? >> you know, he had wet 16 days of community service. one day for each felony count that they dropped on him. $10,000. that is nothing over a thousand hours -- about 10 hours and overtime. neil: now we hear from the police union that they want the feds to take this out. how likely is that?
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>> i think in this day and age. mail fraud issues and then there's all kinds of corruption issues possible here. i'm not saying that there is, but the way this thing went down is completely unacceptable and that is why people don't trust the criminal justice system. it's not because of the cops. they did a great job out there. it's because the politicians getting involved in it. this prosecutor shoes politically motivated. she's got a little bit of juice in that arena of the world. >> she recused herself, but that's not the issue now. that's absolutely not the issue. thank you.
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neil: you drive too fast. how about your car will automatically hit the brakes and slow you down. europe is pushing such a vehicle. hillary bond has more. >> hey, neil. if you want to speed in europe, keep your car because they are moving toward legislation that would put speed assistance whenever vehicles starting in 2022. the software will automatically pump the break if they sense you're going over the speed
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limit. but it's constantly monitoring policing your speed as you drive around town and will automatically slow you down or technology uses gps, sign recognition to calculate if you are over the limit. the european transport safety council says this is the modern-day seatbelt meant to protect drivers saying only handful of moments in the past 50 years could be described as big leaps forward. it will represent another moment preventing 25,000 deaths within 15 years of coming into force. it's not just speed regulators want to control. they whenever a car to have another native feature a double take and if they have cyclists that may be in danger. it will also record and save all of the data before the crash. they also want to retrofit cars so they can easily have a built-in breathalyzer to force
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drivers to breathe before they leave. ready to stab then when they fail to follow the rules. neil: thank you very much. teresa may have not backing down. a third vote on her brexit plan. you might want to listen to this. >> i hope it will take back to his constituents because it's a very simple one, which is we can indeed guaranteed delivery non-brexit. we can guarantee delivery and if he and others in this house support the bill. neil: is it my imagination or are they already ignoring her. a lot of those same people who are sort of not listening to her are the same one saying she's got a she's got it though. is she going to go?
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>> well, latest news from london, latest reports are indicating teresa may have told conservative mps in a private meeting that she will indeed start down once brexit is implemented. this is a major implemented the reports are 100% accurate. this of course is good news because teresa makes handling of the negotiations so far has been an unmitigated disaster. the sooner she stops down the batter. replaced by a prime minister who believes someone who also voted in the 2016 referendum. subject to confirmation. neil: boris johnson name comes up. would you think? >> doris johnson would make -- right now he's resigned several
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months ago in protest over the prime minister's awful checkers agreement or proposal. i think boris johnson certainly would be a superb prime minister. he does face a great deal of competition from other contenders ranging from the environment secretary to jeremy hunt, the foreign secretary. you probably have about 15 different contenders for the leadership of the conservative party. let's hope that some unlike doris johnson who fully believes in is committed to implementing. neil: we shall see my friend. very good catching up with you. >> time is running by here. very near the end of the quarter. the s&p 500 could be the best in 10 years. after this.
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neil: a pedestal of going today in a gap between it agreement in a 10 year note. you've probably heard way too much about. year-to-date markets are doing okay with the dow close to a 10% drop. the nasdaq more than 15% in the s&p north of the 11%. quarter is not done yet but it's looking like a strong start to the year. john layfield and what he sees happening for the nine months after that. good to have you. >> it's always great to be on with you. i think the economy is very strong. we have several headwinds out there, potential headwinds that the trade war and brexit going on. when you have an economy with low unemployment, housing has been good. i don't see a recession and not. there's no doubt about that.
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trees don't fall from the sky. the question is when. full employment and wages growing this is not for predecessor for an imminent recession. >> something is going on with the slowdown in europe, the slowdown in china, the low interest rate from a negative rates in places like germany, very close in japan. closer still if you think about where france is going. in her own country where it's all flipped. would you think is happening? >> where the local slowdown and there's isn't any doubt about it. the data that came out last week was terrible. the chinese economy regardless of the trade war the chinese economy is having a huge struggle. that government and that -- government stimulation of certain pullback by governor xi jinping that's a huge problem with china. we have a global slowdown going on in the united states, but we
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were projected to come out with a percent earnings this quarter double the 17%. even if you had a percent data still not falling off a cliff. the u.s. is still the place to be. neil: this was rumored but now i think it's official she will resign as prime minister. what do you make of that and what that might cause. >> this is as bad as they can. they voted against the deal. i'm not sure what they want right now. you have a democratic process that cameron should have never put out there if he didn't the results are met. in teresa may put an election not because she would solidify her position. that is what has led to all this right now. you have a real problem with the e.u. right now and i think if you had in her brexit the e.u. could end up breaking in the next five to 10 years because
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your daily, france, other countries that see a potential to get out as well. they can afford to let the u.k. bow out gracefully and end up okay could that send the message. neil: we been so focused on london and the impact for them we haven't focused on brussels. john, thank you very much. >> thank you coming meal. all this collusion talk no matter what the mueller's final report looks like. ask intelligent share state undoubtedly there is evidence of collusion which would fly in the face of what is out there. the author of so many best-selling books, talking about my buddy, ben stein. do you think this kind of stuff ways on market that even though we thought we had the russian thing behind us we don't? >> i don't think it weighs on markets at all.
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i'm a wonderful family oriented show like this, i cannot possibly say what i think about them shares. but i don't didn't he raise on the stock market at all. i think people know that he is a lunatic and the fact he says something is true doesn't mean it in a million years is true. even if it were true, what the heck is that? what was the collusion supposed to have been? now is just making things up out of thin air when the air has already been done stuff with investigation after investigation. he's now trying to claim these investigations never even happened and it's all the same essay was before. he is a lunatic in a dangerous person to have around. i think he represents an area quite close to where i live. neil: live. neil: okay, the comparisons to winston churchill are probably not deserving.
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let me get your take on this others that come out. we've got is you mention adam schiff, steve cohen, eric swalwell, brad chairman. to a man or woman there said in the same thing. at least there will be hearings. play that out for me. what is that produce? >> it produces a spectacle of a party which have no idea in a responsible way in a tragedy control in the house of representatives house of representatives. but the tragedy there controlling so much of the media. people take them seriously. these are dangerous maniacs and it's very scary to see them getting as much airplay as they gather. the fact they have represented in front of his or her name doesn't mean a darn thing in terms of whether or not that person knows anything. all they know us go left, go left, go left and finally were
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going to push you over the clift. it's not going to be like nixon. nixon was a sensitive person who felt every plane that came out in in the schoolyard. mr. trump is going to kick the blaze out of the guys hand and knocked him to the ground. mr. trump is not nixon and not going to kick him out of office. not going to shake them or embarrass them or humiliate him. neil: they hope to make them all one termer. the president was indicating -- pardon me. i'm speechless thinking about it. that he might go after funding the affordable care act. a lot of republicans taking we agree with you on not only support measures to do that. we have not seen to replace you in a phrase that was a force error with house democrats. what you think? >> i would say that was an unforced error is the way we describe in baseball terminology
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neil: okay, thank you. and it was a serious mistake to president trump and i don't know where he's going on this. actually what they've got so far is mr. obama is not going to be be remembered in koester at history for obamacare which was not a bad thing. neil: how do you explain to the 20 million who would lose insurance or stand two. they say they're serious problems with this because the other 150 don't like this when i get out. this is something they don't have a replacement for. it could be a real problem could net? >> it's going to be a really serious problem. i don't think they should try to make any noise about it until he has a comprehensive plan and i don't think a comprehensive or plan to replace it will be that easy to come by.
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mr. obama was not an in the people who work on this plan were not and then they came up with is not a terrible plan. yes he lied like crazy saying you can keep your insurance company. but he is a politician and politicians lie. but i think we as republicans have got to be a lot more careful in what we say about this health care stuff. we want to be kindhearted. we want to be loving and kind to people in trouble. >> okay. having said all that, do you think donald trump is reelected? >> absolutely. if his health remains good and he keeps eating those mcdonald's hamburgers and cheeseburgers, who's going to be in great shape. look at me, i'm a picture of good health. neil: indeed you are. thank you very much. whom it's okay. you're okay?
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>> it's always great seeing you. thank you. i'm okay. my wife has been ill for quite a long time, god bless her soul we just watch it night after night. neil: that's good. good men, good family. good seeing you. mitt romney wants social security to pay for family leave. there's a strategy to this. after this. because they don't relieve nasal congestion. flonase allergy relief is different. flonase relieves sneezing, itchy, watery eyes and a runny nose, plus nasal congestion, which pills don't. flonase helps block 6 key inflammatory substances. most pills only block one. and 6 is greater than 1. start your day with flonase for more complete allergy relief. flonase. this changes everything.
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neil: hi, how are you doing? or is just reading these latest remarks. she wants to quit. she same look, i can tell you're not big fans, but if you just stick with me on this latest plan, third time is the charm. she says she'll go. that seems to be greeted favorably by many conservatives. i'll be on the question of bad knees happen, who steps up to the plate? they are all scrambling for that. they might get this through with a little bit of a delay. we don't know the concessions they are or if they wrote off the most concessions so i don't know about depleted she is pushing, bush is pushing herself up. she then walked out the door not
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be kicked in the high knee on the way out the door. i'm going to go if he does help me out on this and go for the darn thing. we will see what happens there. in the meantime, republicans are talking paid family leave. that's right. republicans. take a look. >> or proposal the button and parents pull forward a portion of social security benefits for one, two, three months of paid parental leave after birth or adoption of a child. >> one of the things i like that helps young families having children, but also doesn't add to the national debt. >> we believe the solution that will help our next generation of working parents without overburdening our government. >> i'm not quite sure how that works. taking money in social security. they're worried about it running out down the road. a lot of figures on this.
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the plan would pay them. how to do that? >> it's meant to be budget neutral, which means all young workers would take money out of the system now, they would be painted over the lifetime of their work career paying back that money. it evens out in the long term. it is not adding any additional money to the debt. but also it is no new tax on workers or employers to fund this program. conservatives are taking a look at the bill introduced today is the second bill using her and leaves to find time off for new parents. >> i remember when he had that tax credit for young parents that he was pursuing a lot of other republicans can and may be a more conservative nature didn't like him. they thought it was a bad idea. some of them said this sort of
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approach that some, not all republicans are taking would be an interesting signal to send democrat in 2020. what do you think? >> it would be. the only plan that produced the family act did not is entirely a tax on new workers and employers. conservatives have always supported people working, particularly women in the workforce if they want to and this is a way to ensure if you don't have paid time off provided by your employer you can take the money you're paying already into social security and leverage that money when you need it. again no new mandate on businesses. no new taxes on workers, which is fantastic in its budget neutral. neil: hope springs eternal, but i worry for those who take advantage of it, they are young obviously, so would this come out of their plan on social
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security and the understanding is they've made good on not by the time they're ready for retirement. >> that's the idea. you can put parameters on who is able to take it. people demonstrate they are to put the money into the system so to speak. this is not a traditional 401(k) plan and builds over time and get money back. it's making it more flexible for the needs of workers at a time when they need it most good when you retire you have more income than you do when you're young worker but you want to start a family. neil: let me switch gears if you don't mind while a happy here. >> sure. neil: the president is talking especially the just as department getting rid of the affordable care act to barack obama, obama health care. 20 million who have that right now. the concern among republicans who were caught off guard by
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this move is they don't have anything to replace it yet. they have a mechanism in place to take care of those who see their insurance go away. what are you hearing about that? would you think? >> is trying to make it on a promise conservatives have been making for a number of electoral cycles. the administration has been make in different mandates or provisions, changing provisions in health care for people to build up by insurance plans over state lines were to pool -- >> they don't like that across state lines thing. i don't know why it would be very cost effective. how far would this go? a third rail for republicans to address. it could boomerang. that is how democrats like to say they picked up 40 seats in
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the house with this issue. what do you think the fallout will be? >> of conservatives put forward ideas they been talking about for quite a while i don't think it's going to hurt them. look what democrats ran on in 2018. they do have ideas on how to improve the health care system to become medicaid for all. they need to pony up at this point. the administration has been using its administrative tools and trying to make some tweets and expand coverage in different areas. but it's a good time for conservatives and some of the ideas that have been floated in the past and bring those to the table. if they do that strengthens their position for 2020. >> great catching up with you. look at the independent women's forum. i should let you know that we are getting confirmation that indeed the prime minister, teresa may have said she is
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prepared to leave this job earlier than i intended in order to deliver brack said. we don't know the concessions agreed to in the package that would be delivered and when not formal cut off would occur, presumably in early summer. it's been entered in by conservatives who wish he would go. keep in mind they haven't been very brave. no one else has emerged as the likely alternative. she is more or less called their bluff. i'm out of here. now are what you going to do although she did it with a british accent. what are you goingle to do? coach mcadoo! you know, at td ameritrade, we offer free access to coaches and a full education curriculum-
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they were worried a lot more when a lot of people were freaking out on the impact it would have on mortgage bonds, all of that. that might be a legitimate issue for now. with two hours in the trading day they're easing up on that. here is charles payne. charles: hey, neil. general at this 10 days. rule of thumb. look two and 10 to invert. 10 days is average. shortest period, 140 days. longest 311 days. neil: i really wasn't that interested. i'm glad you explained that. charles: i wasn't sure if you were making small talk or running out the clock. thanks a lot. neil: all right, bud. charles: good afternoon, everyone. i'm charles payne. this is "making money." so far a really wild week on wall street. investors they continue to grapple with a lot of issues that slammed this market on friday.
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