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tv   Kennedy  FOX Business  June 4, 2019 9:00pm-10:00pm EDT

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we're losing our sense of human decency, it important to remember, respect. it goes both ways, right? have a good night, see you tomorrow. kennedy begins now. kennedy: well hello thank you very much trish, president trump playing hardball with mexico. threatening tariffs unless they stop the throw of drug -- flow of drugs and migrants, but economists warning that the tariffs could hurt us more than them, and make border crisis worse, listen up, you know that president last week anoin annoue would enact a 5% tax on all things mexico starting june 10. unless they crackdown on the border. today in london president said,
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he is not bluffing. >> you know mexico called, they want to meet, more likely that tariffs go on, and we'll talk during the time that tariffs are on, they will be paying. kennedy: all right, according to nonpartisan tax foundation, the tariffs could damage u.s. economy. that is not hard to see if we get to 25% tariff level that would be biggest tax increase on americans since 1968, johnson was horrible that 85 billion dollar hit to the economy, that is 666 dollars per household. that is the devil. if you combine that with tariffs and that stuff from china, american consumer gets clobbered. today republican senators starred sounding a collective alarm. >> a 5% tariff will. but if we did to 25%, that is a
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whole different story. that could hurt our economy badly. >> we're concerned about the additional tariffs that have been proposed. >> i will wield to nobody in passion and seriousness and commitment for securing the border. but there is snow reason -- no reason for farmers and manufacturers and businesses to pay the price of massive new taxes. >> not up support in my conference for tariffs. kennedy: yellow rose of kentuc kentucky. >> he makes these threats and backs off when he sees the danger, i have a feeling this one just popped into his head, a lot of people in this administration did not agree, i believe that he will back off when faced with the opposition among business, among his own republicans. when he sees what a dumb move he
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has made -- >> his -- president responded, you can imagine crying chuck schumer saying out loud for all to hear that i am bluffing with receive to putting tariffs on mexico, what a crime creep, he d rather have your country fail, he gave mexico bad advice, no bluff, bluffer not we still have the mi -- migrant issue. it could crush latin american economies and force more people to come here looking for work. it will get very messy for them, and are in us. how can we avoid this? joining me, tuesday night man panel. jaime weinstein and jimm jimmy .
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>> joining us lawrence jones, welcome. >> thank you. kennedy: tariffs or taxes bottom line. >> that is all true, that is my position, it will continue to be. just look at politics of it, this is different from china. right? have you president. in a trade war with china, china is willing to go to the very end, they are smarter they believe that this could cost the president next election if it really affects americans. i think actually mexico may blink. and so i think that president is betting on this, none is good for american farmers. texas farmers should not have to suffer, then -- this is where had to give them billions already it hurts them. kennedy: let me ask you, in a
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global economy, certain economies are linked are we more linked with china or mexico. >> pretty well both. to play the tariff game, perhaps china, there are real problems there you can use tariffs, but president throws tariffs around all of the time, mexico, china all over. and the upside is not worth the risk that it causes a global trade war that sends to us you want a major recession. when you know the economy was going well, before the tariffs get into place, one up side is perhaps, this causes congress to take back the powers they gave the executive over the years, not because of donald trump but way back, say, you know maybe you should not have that power for tariffs that belongs to us, we'll take that pack, not from you but all future presidents. kennedy: that is what republicans and democrats are talking about, that is why you see this mutual push back
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because all of the senor tors have to go back to their home district and explain why everything will be more expensive to everyone. is the president acting alone. >> best, to be in right now is liquor store next to the white house, peopl people are leavingt night after 30 hour intervention, president trump, god love him, like an old man with dietary restriction at a restaurant, he said i'll have the lasagna, and the family members say, no, he can't have the lasagna. >> i'll have tariffs. >> he can't have the tariffs. >> his political cholesterol is really high. >> a lot of his advisers who are opposing this were away. peter navarro and stephen miller
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sneak in. even robert ligh lighthizer he s opposed to this, it would upset, threaten the president's deal that replaces nafta. this seems like an incredibly bad idea. kennedy: that is the another legislative push back, from republican senators, that i want to pass the usmca, say they, please don't screw this up. this is a massive generational trade deal, they really could, it not worth it, it does not mean that hillary will be president, it means sometimes bad decisions need to be corrected. we'll see the man panel later on shirtless i promise. >> both policies could lead to global warming with all money they will burn, former vpled off with 5 trillion dollar proposal
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involves no shortage of april spending -- federal spending but ask sleepy joe. >> we'll invest 1.7 trillion in securing our future by 2050 u.s. will be 100% clean energy economy with netzero emissions. >> that sounds so naughty. how would we pay for a massive program, 3 trillion in private investment and cancels trump tax cuts, warren with her own proposal, called for a large amount of greenbacks, that would move 1.5 trillion of government spending for a green industrial mobilization. it is no secret all roads to the democratic nomination lead to some kind of green new deal, but
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will voters feel like spending this much gas money. joining me scotty martin is back. >> how are you. kennedy: i am troubled by this biden and warren have as good a shot as anyone of becoming next president, they talk about the public and private partnership. but 2050 is still a long ways away. why to we need government? why is is presupposed we need government force to get to netzero emissions. >> a nair call fair call, i am g forward to 2050 to get through these tough years. kennedy: not the way you liver with -- live with cliff diving. >> and shaving and dressing, economy will take care of horizoitselfwith renewable ener.
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that goes to show you something, i feel like biden and warren, she goes and grabs herself a beer, have to stay relevant amidst a big field, they are toward the talk but the push with aoc's green new deal, they need to come up with something that keeps up with headlines she made. kennedy: she and the squawking screechy progressives will push back on anything that wreaks of -- you have to do it, i still don't think that it presupposed you have to have this big government element. i think that technology will be there in 30 years, i think there will be enough incentive ask great enough generational shift we don't have to have that insane government reliance and
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-- and warren calls her program, the green apollo program, like grandma, who are you appealing to? the moon landing was a while ago. >> right, she still problem dreams about. but i tell you -- >> a moon shot yes. >> and something she will problem regret in future, when she does not get elected, you are right, private enterprise will take tear o care of this i love when word invest is used, the investing is you the taxpayer. you know solyndra, fisker and those other problems. kennedy: fisker. >> remember that fisker disker. kennedy: i do. >> they happened with government help that it not work, you know, if someone pollutes, the free market takes care of it, they take away your business you go
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out of business. kennedy: these are great marketing tools. i have an e-mail from at letta today -- athletatoday trying to sell me a summer sweatshirt it is organic cotton this is 64% less dependent on resources to grow. >> what a great idea, i gave them that idea, i wish you would buy, it would help me out it might make my 5 cents, and you mentioned private and public partnership, for a long time. it was scared to death with partnering with government, now we have a little bit better business climate, depending on the day, the least a chance. but not in warren or biden are running the show. kennedy: doing the deed, into sy martin thank you. >> see yeah.
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kennedy: coming up house democrats threatening subpoenas all over the place, so far everyone is ignoring them, what will it gel rober get robert muo testify? >> and another state on the way to marijuana legislation, wait until you hear which one it is, how they go about it it is shocking, it different, it could make you rich, coming up. sir, you're a broker. what do you charge for online equity trades? uh, i'll look into it. (phone rings) lisa jones! lisa: (on phone) hey carl, what are you charging me for online equity trades? (nervous chuckle) lisa: and do i get my fees back if i'm not happy? like a satisfaction guarantee? ugh. schwab! lisa: oh right, i'm calling schwab. thanks, carl! wait, lisa! lisa... are you getting low costs backed by a satisfaction guarantee? if not, talk to schwab. a modern approach to wealth management.
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kennedy: house judiciary committee is doing so much subpoenaing, they might get 6 of soup anaing but -- sick of subpoenaing but trump administration not playing ball. this comes one day after house majority leader hoyer announced that the house would hold a june 11 vote on a contempt resolution for attorney general william barr for prefusin for refusing h subpoenas, and perhaps subpoena
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robert mueller. democrat seem to have a groupon for soup open -- soupinas, will it payoff in the end joining me now grai gayle trotter. >> thank you. kennedy: democrats are talking about launching more formal impeachment inquiry, what is the difference between ignoring a garden variety congressional subpoena versus one attached to impeachment inquiry. >> a great question. kennedy: thank you. >> you think about the executive branch and congress, coequal branches of government, a good example of where congress is over sthe stepping, they are trg to make unreasonable demands and put the executive branch on the
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defensive, you talk about subpoenas, they can only subpoena information they have a right to have. kennedy: what changes when they launch a formal impeachment inquiry? >> they don't want to do that at-this-point, because the expanded powers they would have under that, are not really more than what they have right now. because they can only operate within -- what the constitution allows them to do. so trying to score political points by asking for information they know they cannot have, hoping that public will not understand they are exceeding their constitutional authority. kennedy: house judiciary committee chair nadler said they will have more flexibility when they do launch an inquiry. now what happens to the staffers when they ignore the subpoena request? >> it a court battle. >> what is the worse case?
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>> worse case is that some court will demand that this documentation is turned over. and white house will have to decide at that point whether they want to comply, i think that record will show that quj - congressional democrats are asking for more than they have authority for, they should lose if it were taken to court, they are putting in an expandive view of their subpoena power, have you executive privilege. >> okay, now, let me ask you, here is another legal issue. that has come up because democrats are claiming that when the documents were released to special counsel for the investigation, they no longer were under the purview of executive privilege, therefore congress has a right to see them, is that true, was there a change that occurred? >> no, and they had --
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>> why not. >> they had people at fbi trying too make sure that information was not given to the special counsel that was subject to that executive privilege, those people that fbi made that decision, and people in white house might disagree with that you are continuing to see an on going turf battle, and it comes down to congressional democrats or having a temper tantrum because their hopes and fantasies were pinned on a mueller report that landed with a resounding thud, they did not get what they wanted out of that mueller report, they are trying to relitigate it, it is not going to about well for them. kennedy: some people ask as though the special counsel investigation never happened and report was never turned over, and they are launching these investigations an kind quireyins if it were day one. >> yes. kennedy: that more perilous for them politically but have you more and more democrats who are
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signing up for impeachment, they know in end this is a losing proposition because senate the not vote to remove the president from office. >> right. kennedy: and president is only emboldened by prime minister thaimpeachment, isaid that trumn needed to keep pushing for it like maxine waters. reporterwaters. >> it was a dead letter. kennedy: people -- people want too pretend it was as a week at bernie's dead, but if it was a democrat, a lot of people who are pro trump would be up in arms. >> a great point. kennedy: thank you. >> there was salacious information in the mueller report, but mueller decided to not charge trump, and when attorney general barr made his statement, he made it clear that no americans were involved in russia collusion. kennedy: you had fuse gps.
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gail thank you. kennedy: thank you. kennedy: today marks 30 years from floody -- square massacre. my memo. next. all money managers might seem the same, but some give their clients cookie cutter portfolios. fisher investments tailors 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. fisher investments. clearly better money management. can the past help you write the future?
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♪ earn $100... ♪ earn $100 off... ♪ off your deductible. ♪ deductible. ♪ for every year of safe driving. ♪ ♪ for every-- for every-- ♪ ♪ for every year of safe driving. ♪ what are you-- what key are you in? "e." no, no, go to "g." "g" will be too high. not for me. ♪ vanishing deductible. oh, gosh. sweet, sweet. kennedy: today marks 30 years since chinese tanks mowed down a crowd in tiananmen square. a collective hard drive has been wiped of any reference to any kind of any massacre that marks the beginning of the moment that nothing changed. hard to pinpoint how many people
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were killed in the square in beijing. in three decade since, even with rise of internet and search engine phrasing used to describe the murderous event have been erased in many languages. china has been stealing our great technology by force, as a way of bolstering itself system of oppression,s disgusting application of facial recognition testimony to identify and track uighurs in china who are reportedly tracked and ushered into boarding schools where they are reeducated, forced to hard labor and often executed or work to death. deployed to coral and kill
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hundreds of thousands of uighurs in a display of china's desire for economic cake, and urge to eat on on graves of enemies who might dare challenge the totalitarian status quo, more important to remind the world how easy this is for china to indulge her murderous wims and freedom is a 4 letter word. the antidote to china's chilling violations is hot freedom, get loud, and turn up the heat, that is the memo. kennedy: secretary of state mike pompeo took china to task today criticizing totalitarian regime are in censoring the massacre, and denying million of rights.
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how can we stop u.s. from becoming a surveillance state, joining me now buck secon -- bu, how bad is china. >> i just got back from china, if you go in there work in media, you are coggi of your electronic devices it is under surface, in digital world, they are really good at it. what you see is chinese government has had so much prosperity, the economy hasek panded from -- expanded from 1980 with 70 billion now we have an economy over 7 trillion as of a few years ago, so, economic expansion, prosperity fancy cars in streets of beijing, i was in shanghai, there is this money but have you an all out police state, as you mentioned there
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you have a system now that is assessing loyalty to the state, based on dating apps and social media. kennedy: they have a social credit score, if you violate the norm, sometimes unspoken, they will keep you from moving throughout country and out was country, they deny millions of people the ability to access high-speed rail, and airlines based on a low social score that is for things like, smoking in nonsmoking areas. and looking things up on internet net you should not look up. and you know, if you are a friend of the totalitarian state and you don't violate any of those, and don't exhibit any free expression, you can do whatever you want. >> yeah, china create the a new model, i am probably just like you, i assuming you watcher chernobyl, the mentality of soviet union, and disfunction.
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there is still a totalitarian mind set in china but instead of disfunctional in bread lines and nothing works in china, they are actualing making thins go really fast, and building things really tall and making people a whole lot richer than the past, that buys you a lot of social currency. kennedy: that is a good point, you know i talked about in 1989, boris yeltsin came over, he within to a grocery store in texas he was moved to tears because he did not believe that people had these choices, in china have you technology, they asked what is price of freedom, and answer is, great neat new stuff. >> yes, and this is where the counter narrative from our side is quite honestly not as developed with soviet union, yeah, they tried to conservative up to -- cover it up, central commity can not want embarrassment that was case for ththe -- soviet history but this
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is ridiculous they have famines and, prog and mass murder, they happen that china, we have figure out how to we couldn't vicinity hundreds of -- convince the million of people who have been moved out dire property to something that chinese middle class, your totalitarian government is terrible, they look at their grandparents, and their parents and current generation, they say i'm rolling with a fendi bag and a bmw, why do i care, that was a common refrain. they are also is a nationalism and a sense of competing with us, that has become a major focus, and when we criticized them on things like human rights there a sense of but you know that we're going to bite yo bean 10 or 15 years, we'll exceed you. kennedy: right. >> america first.
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we don't have narrative in place to offset, that and wagging our finger at them about human rights. >> we don't and i understand that, and not free trade, when it state sponsored oppression that is where i have an issue with china, i love freedom, i want our stuff to move there and american businesses to thrive. but the same time they can't steal our technology no more buck thank you. >> i have so much more. kennedy: i know! always. >> i was just getting started. kennedy: we'll continue, i'll order a double next. >> gluten free. >> china has big problem with freedom, and some ways, so do we. one of the biggest, so-called war on drugs. punishment for having illegal drugs nowhere near as draconian as china, spill abhorrent some americans are going to prison for smoking pot, illinois is first state to pass a bill to
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legalize marijuana lou -- throuh legislation, this is a major stop, governor needs to sign it but lawmakers seeing the light, we still have a long way to. >> but how closer we? to seeing it federal level, and how can we wall get rich? joining me now. ceo of global investment. brady is here. >> thank you. kennedy: really interesting because, it really is the wild west there money to be made, freedom to be had. and insane that marijuana is still scheduled with very dangerous and illegal drugs. >> no if you look at in charts of where marijuana is scheduled, the stuff that on the list, lsd, heroin, we have shown you know studies even very few studies come out thus far shown vast medical affects that can change
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people's lives, i have worked in congress for better part of 3 1/2 years with my team, when we started we could barely get a meeting with people that make coffee now we go member to member, they are asking questions it is too politically inopportunity for them to inmore it no longer just the fringe states. interesting thing about illinois, governor race was almost largely decided by cannabis as well. a big issue. >> let's talk about to boehner, john boehner, so opposed to the existence of mairc marijuana buo now, he is part of a group, stands to make tens o tens of ms
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of dollars when they are acquire pieacquired by cannabis growth,e said vets are using cannabis, and v.a. will not allow it parts is because of scheduling how big of a voice does this hypocrite, who is now on right side of the issue have. >> you said it you know, canopy deal and entourage deal we'll see how that fans out, people suffering in pain. should have opportunity to get something else, you see my -- myselmy great cat is out the of bag. >> you conditions put the jeanie back in the bottle. >> we have a few seconds left. if viewers buy one cannabis
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stock what this she what this s. >> full global, cress co. i like. apria in canada is undervalued. kennedy: i can't believe it is that low. look at their infrastructure. kennedy: and permits in germany, good lord. bunch of sausage swinging stoners. >> interesting space. kennedy: all right, brady thank you. i hope you stop by again. >> i'd love to come back thank you. kennedy: woo! thumbs up, bernie sanders with fighting words for joe biden. it has to to with hillary clinton. what did he say about uncle joe? who is getting the pantsuit? that is next. 900 acres. 48 bales. all before lunch, which we caught last saturday.
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kennedy: welcome back, democrat setting themselves up for repeat of epic collapse in 2016 be according to the bernie sanders in a interview, saying that democrat party would make the same mistake by nominating joe biden that it did in choosing hillary clinton. >> if democratic party selects joe biden is if same mistake. >> it could be. i really do. i feel you would hav have a camn without energy or excitement, could joe beat trump, i think he could. but i think you know we don't top make the same mistake last time. kennedy: is he correct, comparing biden to hillary? the panel is back. i think that it is good move on
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bernie's part comparing joe biden to hillary, the more damage that does, you go, you know we have not see seen joe a, maybe he has hidden health issues, he i is always wearing n open of coat. >> i think that comparison is fair, but this attack offed by sense wrong for bernie, he -- this attack of biden is wrong for bernie, he needs to go against warren, they need a two way race between biden, so americans could have a choice for primary, but he is taking the cheap shots, which is true but americans don't want him either. with donald trump it was because you know he wanted to scare hell out of voters say, i am here with you, america is going down the basket, bernie does not have
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either message, he is in between, he wants to burn things down. kennedy: he was more beloved when he was screw over by establishment. i don't know any of them have same magic but entertaining. >> i think that democrat should just concede 2020 right now, and move on, no one is getting behind this they have pushed themselve as parties of youth, two front runner control the white house with the clapper, this is ridiculous to me, i gets why he thinks it is hillary 2.0, he feels he will get railroaded again. hlaunched campaign and said that system is broke, i said you are the system. >> risk for democrat to learn wrong lesson of 2016, bernie
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trying to make case, you didn't elect someone enough pure on certain liberal issues, she did win popular vote, if she just won a few 10 us of thousands more, he would be president abide know plays well. kennedy: i think that hillary team was over confident in money and ground game. >> better to be hillary clinton than jim mcgovern, you can paint biden as hillary clinton, bouabide en might be jim -- -- biden might be jim mcgovern. >> stop the popular vote stuff, that says we didn't 11. learn, you have to go to same county that barack obama won, there has to be some type of hopeful message. kennedy: i think it is a mistake when people try too recapture
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that magic, republicans do it with reagan, and democrat do it with clinton, the real clinton, bill, and obama. >> play your own game. >> we have too go, we have great writing. >> come on. >> and topical storm. that next. carl, i appreciate the invite here. as my broker, what am i paying you to manage my money? it's racquetball time. (thumps) ugh! carl, does your firm offer a satisfaction guarantee? like schwab does. guarantee? (splash) carl, can you remind me what you've invested my money in? it's complicated. are you asking enough questions about the way your wealth is being managed? if not, talk to schwab.
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kennedy: president trump was shown a rare copy of the declaration of independents by british prime minister theresa may, he wanted to return the favor, he showed her a document no one had seen before, his tax returns. this is the topical storm. one. we begin in a florida clothing store, a thief made off with a lot of booty, yeah. this shoplifter started -- before she did the hustle. woo, shake it. the store made it back from all male customers who throug throu-
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whreft cash on th--left cash on. police have offered public a reward or 4 ounces of meg, because it's florida. >> topic two, oklahoma, it's ok, america runs on dunkin', this is why you never get into a slamdunk contest with a guy born in a leap year. bring down house, daring dunk set internet on fire. he has received an offer from the knicks, he turned it down, he hopes to play in the pros, perhaps craz craziest story thae didn't win he missed his attempt in final round, we don't normally cover second place finishers on the show unless hillary is giving a speech.
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wha' happened? >> topic 3. snickers flavors chocolate milk hitting shelfs this week with twix flavor, it may be too late to get your beach body you can get a beached whil whale body wh front grams of sugar, a spokesperson wants the public to know they are made with low fat milk. that is like saying smoking crack is gluten free. we reached out to an adult who has opinion guzzling the trirvek since release, he said they are like nothing he has ever seen
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before like his toes. we reached out to several dentists in the area but they could not talk they were too busy buying ferraris. >> a florida wambach to glad glad -- arrested after a bag of the drug molly fell out of her -- wise -- a family program. we can't get to specifics of which body part, if it was netflix she would have a show called orange is the new crack. the 34-year-old, she looks like he ishe is possessed, she got ia heated argument, and police showed up. you should see what fell out of her shorts a minute later. she said it is not mine, cops
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were not interested in playing a game of whose line is it anyway. she has been released on 5,000 dollar bond, and planning a massive welcome home shindig, no details because it say private party. in more ways than one. a mom brought -- no. no. a mo mom bought a walmart cake. to her daughter's graduation, all of the guests were -- stop. the bad news it was styrofoam. that is real. when walmart gives you short wake you are really short, cake, they attempted to cut it open, into realized it was icing on
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stop of styrofoam. the manager gave her a real song and dance. ♪ never order a cake from a bakery that has a stripper pole,er, we'll be right back. i'm working to keep the fire going for another 150 years. ♪ to inspire confidence through style. ♪ i'm working to make connections of a different kind. ♪
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i'm working for beauty that begins with nature. ♪ to treat every car like i treat mine. ♪ at adp we're designing a better way to work, so you can achieve what you're working for. ♪ can't see what it is yet.re? what is that? that's a blazer? that's a chevy blazer? aww, this is dope. this thing is beautiful. i love the lights. oh man, it's got a mean face on it. it looks like a piece of candy. look at the interior. this is nice. this is my sexy mom car. i would feel like a cool dad. it's just really chic. i love this thing. it's gorgeous. i would pull up in this in a heartbeat. i want one of these. that is sharp. the all-new chevy blazer. speaks for itself. i don't know who they got to design this but give them a cookie and a star. my copd medicine... ...that's why i've got the power of 1 2 3 medicines with trelegy. the only fda-approved 3-in-1 copd treatment . ♪trelegy. ♪the power of 1-2-3.
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♪trelegy 1-2-3 trelegy. with trelegy and the power of 1 2 3, i'm breathing better. trelegy works 3 ways to... ...open airways,... ...keep them open... ...and reduce inflammation... ...for 24 hours of better breathing. trelegy won't replace a rescue inhaler for sudden breathing problems. trelegy is not for asthma. tell your doctor if you have a heart condition or high blood pressure before taking it. do not take trelegy more than prescribed. trelegy may increase your risk of thrush, pneumonia, and osteoporosis. call your doctor if worsened breathing, chest pain, mouth or tongue swelling ...problems urinating, vision changes, or eye pain occur. think your copd medicine is doing enough? maybe you should think again. ask your doctor about once-daily trelegy and the power of 1 2 3. ♪trelegy 1-2-3 save at trelegy.com ♪trelegy 1-2-3 back then, we checked our zero times a day. times change. eyes haven't. that's why there's ocuvite. screen light... sunlight... longer hours... eyes today are stressed! but ocuvite has vital nutrients to help protect them.
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ocuvite. eye nutrition for today. but some give their clients cookie cutter portfolios. fisher investments tailors 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. fisher investments. clearly better money management. kennedy: thank you so much for watching the best hour of your
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day. tomorrow night, ned ryun, richard fowler go at it again, jen delaney will bet me more money. love you. lou: good evening, everybody. president trump today working with lame duck british prime minister theresa may -- [inaudible] he is committed to preserving and strengthening the special relationship between the two countries. and in the midst of what was a second day of considerable pomp and pageantry, mr. trump made it clear to all that he intends to construct huge, lucrative trade deals between the united states and the u.k. >> our nations have more than $1 trillion invested in each other's economics. the united kingdom is america's largest foreign

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