tv Bulls Bears FOX Business June 18, 2019 5:00pm-6:00pm EDT
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ahead of the anticipated face-to-face meetings. >> you are there to get the background before it happens, they were talking about behind the scenes talks, you will be there i can't wait, thank you connell, "bulls and bears." david: breaking news, president trump just speaking to reporters before leaving for a rally in orlando, florida, stirring up controversy. with his response to a question about whether he is considers firing fed chair jerome powell, we'll play you his response. this is "bulls and bears," thank you for joining us, i am david asman, joining me today, robert wolf, caroll roth, john burnett and john layfield, president responding to a bloomberg report that cid 6 months -- said 6 months ago white house was exploring legal option to demote fed chair powell. he was asked if he is still
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considering firing powell. >> let's see what he does, i tell you with the euro, they have a different stance. than your folks do. david: fed is now meeting will announce a decision on interest rates tomorrow, so caroll is this is a direct threat coming from the president? >> he -- i would not say a threat, but it is a suggestion which bothered me, i like the fed to be independent and i do not think that this is a good thing, he does not have cause to remove j powell, the fact that he likes lower up rates is not cause, if you look at what is going on in europe, they have half growth rate we do, they are probably responding to fact he said he would like lower interest rates. best strategy he has is to not say anything, he could convince powell to go in the other direction. >> i agree 100% with caroll,
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this outrageous, we should not talk about what fed will do 24 hours beforehand, and try to tip the scale. we should have a stronger dollar policy or weak dollar policy, they want a weak dollar policy, it better with trade, when dollar is weaker more people buy u.s. goods. they are still talking about with 24 hours to go to remove the fed chair. >> i,'s oh. >> opinion. >> he should not go out, tweet or give an opinion in terms of how he will remove fed chair, he should do is take his argument for lower interest rates. that is a fair game. david: john. >> every president wants to lower interest rates, this is
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about getting reelected, president trump is a former real estate guy, also you want economy to be juiced. before this election it looked like whoever would be president look like there wall be a rise -- would be a rising rate environment and declining economy. president wants for the couldic. i, agree that said that fed needs to remain independent and president needs to stay out. david: caroll, you brought it up, we don't want to follow europe's example, they have anemic growth, it pails in comparison to. >> pales in comparison to growth we had. >> this is a funniest thing, like market is a bunch of drug addicts, and the drug is easy money, they can't get off of it, silly, only reason you cut interest rates is if the market
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is not doing well, we want a strong economy to stay tight, this is ridiculous, you can be out of one side of your mouth say the economy is doing great, and the other side say, we need interest rates lower. >> listen, interests should not be determined based on where the stock market goes up or down, it should be where the economy circumstance if we within around -- economy is, if we went around this table, i don't think that -- >> i started when i was 12. >> no one would say we should be lowering rates tomorrow, we would say no, we equally did not think they should have hiked them in december, the economy feels good let it continue with this pace if we get a trade deal with china. >> right. >> then this geopolitical risk offing taken out. david: talk about china, president trump also giving us
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an update on where trade talks with china stand, that is ahead of g20 summit, listen. >> we'll see what happens, meeting might go well, our people are starts to deal as of tomorrow, the teams are starting to deal, we'll see, china would like to make a deal, we would like to make a deal, but it has to be a good deal for everyone. david: stocks surged after president trump tweeted today that he will be having extented talked with president of china, xi, ahead of the upcoming g20, dow up more than 350, s&p 500 nearing a record high. president had threatened to china with new tariffs of 25% on 300 billion worth of chinese goods if china's president did not meet with him but now the meeting is confirmed. >> i speak with president xi of china, we will beat at g20 that
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is working out pretty much as i anticipated it would, china very much wants to discusses future and so do we, so, the relationship with president xi very good, we had a language talk -- long talk this morning. >> are trump tariffs working. >> absolutely, who would have thought that tariffs would be a scheduler for the president, we have seen it work with mexican officials and president xi . looking at chinese economy, they are experiencing a huge slowdown in growth, they are ramping up debt, they have approximately 8 million new college graduates ready to come to workforce, they need this deal. had the tariffs impacted u.s. economy, yes with minimal impact, but more grossly impacting the chinese economy, they need to come to the table. however the president
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understands we cannot just have a piece of paper signed with china, and expecting them to follow, it has to be codified in their law, we need to hold them acowboy able. -- accountable. >> recovering investment banker, deal not done until the deal is done. i am not giving credit to either side, until we have a deal, but i think it is a good development. that they are meeting, this is something that is good for both parties that makes sense -- sense for shin china and the u.y concern is, if they don't get something done soon. then i think we're in to a long game, china has the ability to wait it out, we have an election coming up, i think that markets will look on that for clues. >> what is difference. >> i would disagree my partner john, not john in bermuda but john next to me. >> i don't think it has been
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plays well, we're being hurt, they are beings hurt, both sides, in iowa, farmers are getting bailouts. the economy is slowing, manufacturers is slowing, we're talking about rates going down, i think it is good to play hardball but i don't think that tariff idea was a smart way. david: how would you play hardball. >> i would go right after the ip, i would make it much more about you know if they are steal could make it criminal, if to the fcc, go to the -- you know, and really be clear on you cannot sale our intellectual property. this is a crime, with trade, you know i said this for a year now go to tpp, differently maybe how you do it, but if we could trade with 11 centuries without china -- >> how am i agreeing with robert today. david: hold on bermuda john
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wants to chime. >> i like it. i am glad you did not agree with me, because i agree with you, i want going further, i think that trade war is absurd, i don't think it is working, threat of tariffs did work with mexicoing but now what is differen differ, president tweeted i'm have a meeting every bid on it, hook, line, sinker, we had the same in october, november -- every month, i hope we get a trade deal, i hope we get a good deal, i hope i am wrong about calling this trade war absurd. but i don't think we're any closer to getting a deal done now than we were in september. david: really.
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>> absolutely. >> people did not hear, the average american worker suffering, we did not hear that. so the president is not doing be as usual, he is doing be as unusual, he is getting china to come to the table, why? as you other methods have been ineffective. david: i know for sure the last thing that this president wants is a recession before the
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election. if he senses that as bob talking about manufacturing taking a hit, not so much consumer, but if he senses economy is slowing down a as a result of the tariff we will get a deal. >> everyone right now in business community is decides how to budget for 2020, if you don't know what the tariffs and trades are going to do, you stop investment. >> we all believe in the invisible hand, but not invisible hand of china that has been stealing our wealth. david: facebook dominating social media for over two billion people. now, it wants its own currency, will consumer buy in? >> we heard people, they don't'
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>> when you do encryption, you do cryptocurrency, you are giving the bad guys the power, it harder to do harm, that is what law can protect you. >> you say a company like this given past and track record maybe intentional or not, they should not do something with crypto currency. >> i don't think so. david: rodger mcnamee, not promoting facebook new venture to cryptocurrency, unveiling a new digital currency, libra. facebook will over see the cryptocurrency but says that libra will be openly governed by 28 founding partners.
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faceboolibra will be available r first half of next year. let's bring in digital founder, ceo dave mainy, so, do you share mcnamee's reinvestigation about getting into this. >> well, i wouldn't use it, i share his re -- reservation, thy are a company so challenged on privacy front and compromised on some many fronts in a way it interacting with users and customers, so deeply drilled into all our lives and experiences to monetize us. that the idea of kind of trusting the evil empire with my financial assets does not appeal to me, that does not mean they should not be doing it. it just means i would not be
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using it. >> david, john layfield here, aside from evil empire, not arguing the point whether it is or not, the point of cryptocurrencys, stral central s become worth less if cryptocurrency takeover, they can't control inflation, why would governments allow this to be pervasive, wouldn't governments step in and block the cryptocurrency if they see it used in a widespread way? >> yeah, look, i look at this as kind of a part from the -- apart from the -- bitcoin notion. it is a payment system to you have to buy in not -- you can't mine this libra coin, you have to buy in. in some fashion, in a funny way, in is like this weird analogy,
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they are like digital american express traveler checks. david: nice. >> company takes money, holds it, gives you something in return they say you can use, you are right if i think reason that several of european union country came out and said, woe, wait facebook today. is because they are worried about what you are thinking about, i think more of a challenge to the banks like the big private banks or big publicly traded banks in u.s. than to tral banks per -- central banks, per se,. >> i think it is incredibly smart, this is a decentralized remittance system and payment system, if you are facebook and you are hammered for privacy, the way to take other side to decentralize, it is incredibly smart, and we're in a environment of more geopolitical
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risk this is a better way than cash, i think this is smart, i think it will be a real growth opportunity, the last thing i would say this, is really not bitcoin or crypto, this is backed by a baskets of currencies, this will have a stable pricing. >> i was going to ask, robert, backed by dollar and euro, not like a bitcoin, it is more of a like an american express check leak western union or paypal, for people in the country without access to banks, for international transactions, this is going to be a much easier way to do it i'm not sure what the issue is. >> i will say, there is always idea of it is a stable process, until supply demand goes out of whack in an over-the-counter market leak this question is -- like this, the question is, if they are not mining providingic -- when that you want more and more. >> if you are backed by a basket
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are currencies it does not matter. >> i think it lower bar in hurdle for average individual that wants to actually increase their understands of digital currency at same time play a little and do day on day transitions, it makes sense. >> met me tell you there are so many unknowns around this technology and this currency or whatever combination it is. there -- you know. if you look at this by the way, as -- there is been sort of a masterful kind of manipulation of the spin, like, we're not overseeing it we're setting up a geneva-switzerland-based foundation to oversee it, that is crap they are building a payment system, they -- their number one competitive targets are big banks, by the way as someone with mayor family interest on both side of u.s. and canadian border, i can tell i international payments are a rip off, they are going after
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something well, i think they are clothing it in kind of a you know, a coat of righteousness which, with facebook, i do not buy for a second. david: we got to leave, but. one group that hates this idea are district attorney in world, they realize they are not going to be able to track money laundering through a method like this, you can't follow this money, dave, come back we'll talk more about this. >> president trump saying millions of deportations will begin next week. are we moving in the right direction to fix the border crises? >> they start next week, when keep come in to country, they come in illegally, they have to go out. ♪
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david: president trump saying his administration will begin massive deportation in a couple of day, tweeting out next week i.c.e. will begin process of removing millions of illegal 8la aliens, mexico using strong immigration laws is doing a very good job of stopping people. >> state department threatening to cut foreign aid to guatemala, honduras and el salvador. are we moving in right direction? >> a good first step, i never like to be person that say no, it is a good first step, but does not get to the heart of the issue, the heart is we need comprehension immigration reform on bipartisan base. david: we're not going to get. >> no, so have to to something.
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>> president is determined to fix immigration system at any point between now and now. right. why? congress has failed to do something, and with good economy, we already know, even going as far back as early days of obama administration, when american economy is doing well, it is like a magnet. right? we have to do something. david: we add that is sanctuary city laws and other impetus for people to migrate here. >> we need the wonr the countryk with us. we have seen the ports all over the world see those as access points to america we have to work with them to make sure we can stop the gap, close it. >> well, i don't know where to begin. i'll just say, immigration reform by twitter. i think that stating this policy on via twitter, not having a
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real policy is outrageous. david: you doi you don't think e did with mexican was real. >> to be determined. david: it was just a couple weeks ago. >> that was months ago, agreed. >> signed. >> they agreed on that months ago, we could go look back. to caroll a point we do need immigration reform, and i think if we had an up-and-down vote on a bunch of stuff we would get it done, i think ma mcconnell has over a thousand bills on his desk to put to floor, maybe he some put one of them maybe dreamers. david: john layfield. >> nuts, crazy, and idiotic, one of dumbest ideas i heard, to me, we need comprehensive immigration reform, congress is not doing their job, but the fact that we're sending back millions of illegal immigrants. david: that is what president obama did. he did that 2.5 million
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immigrants. >> well you talk about 11 million out of here. david: no, i think -- but he was talking about getting rid of illegal immigrants that were targeted by i.c.e. >> well, middle -- >> illegal ill grant an immigrat by i.c.e., if you have 11 million people here, right now, we have siv 7 million job openis right now, i dry up living in west texas on a ranch with illegals, without those illegals that economy collapses, these illegals are working here, 11 million productive people out and shipping them worry one, we don't have 11 million. we can deal with illegal. david: he did not say 11 million, don't misquote the president. >> i want to bring it back to crisis, amid all this, you can congresswoman alexandria ocasio-cortez, who comparing u.s. immigrant detention centers
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to concentration camps. >> the united states is running coprunconcentration camps on the southern border, that is what they are, the fact they are now an uan institutionalize practicn the home of the free is disturbing. >> if you can believe it she is getting some support for these comments on social media, robert, what do you say? >> um, i did not like that comparison, as someone whose family was impacted by holocaust that would -- i think when you use those terms, lightly like that. do i like what is happening with the asylum, not, we have talked about the border, we all think there should be immigration reform. i thought that is take something
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what was killed 6 million people and making it a comparison that was ill will. >> it was heartless, i think it was not well thought out. and i think that you know hard to tell if she will pay for make a comment like that. however when looking at immigration system, it progresses make want to shut down i.c.e., right, and stop i.c.e. from securings borders, yet we've seen of late new york governor, cuomo, wants to send new york tea policnew york cityo subway stations to stop fare beaters. >> but, but. >> a few do but not most. >> you hear aoc, you embolden her to take these comments, we have to do something and doing
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nothing is not an option. >> we had 140,000 people cross the border in just one month, that is over 1.5 million a year. >> year over yeah,. >> we can't afford it, all right, next one mayor trump critic says that administration is to blame for rising tensions with iran. as u.s. sends a thousand more troops to middle east, the doe e detailing right after this. and i think that the soldier sailor and airmen and marines in are ready to respond to any threat. liberty mutual customizes your car insurance, so you only pay for what you need. nice! but uh, what's up with your partner? oh! we just spend all day telling everyone how we customize car insurance because no two people are alike, so... limu gets a little confused when he sees another bird that looks exactly like him. ya... he'll figure it out.
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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. >> let me say we're very prepared regardless of what goes we're very prepared. if you look at what has taken place, if you look at what they have done, if you look at -- i am not just talking about over last week. i am talking about over a long period of years.
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they have been a nation of terror. david: president trump on the rising tension with iran as u.s. is now sending a thousand additional troops to the the mid east in response to last week's attack on two tankers in gulf of ohoman. >> omar places blame on white house, tweeting out, none would be happening in. there you did not back out of iran nuclear deal, america's response to be return to table and reinstate the iran nuclear deal. and let's bring in former uss cole commander kirk li kirk lip. >> i think when you look at her comments, she has no strategic thought put behind those. she does not understand context,
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she does not understand what we're doing, she does not have any long range vision far -- for the middle east, we need to engage now while iranian economy is weak to get them back to negotiations table, because the iran nuclear agreement was a bad deal to begin with. it was a pathway to a bond, you did it delayed it 10 year -- to a bomb but it delayed it 10 years, why give them 8 more years to build an economy that could withstand santion zs as they build a nuclear weapon. >> iranian economy looks to be contracts about 6% because of the new esem -- exemption taken, this old shia versus sunni battle. what is iran trying to do? it seems crazy to me they tore -- torpedo or mine a couple
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tankers, what do they hept hopeo to, close the straight of hormuz? >> i think saying trying to create a degree of uncertainty throughout middle east, so not only country starting with saudi arabia, are on edge, wit but alo puts world oil market on notice that iran can flex its muscle in strait of hormuz, by creating that uncertainty, that i want to get people too back off santiontions, -- sanctions, they want people to apply pressure to say you have to have iran allowed back into international community so that the preflow of oil does not affect our economies, but that is is not ge to work. >> i prowled say to go -- would say to go do, ran deal, i think when you get p5 plus one working together, which is china, russia, you know the u.s., uk
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and france and germany. you come together, which that group coming together that was u.n. security count plus the eu on a deal to start reducing and -- reduction of nuclear weaponry in iran, you stay with that deal, that -- it was not a great deal, but it was best deal we made, i would have stuck with it they have been certified every step of the way, i think you continue that way. >> i would tend to disagree, you look at it read all 1 56 pages of course it was a pathway fo ta bomb and number of facilities that were off limits we're not allowed to inspect, and military basis. programs starts at military basis, fact they were off limits we could not do due diligence and inspections required to certify they did not have a program, gave them the
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opportunity to bend the rules to cheat, and after 10 years pathway to bomb, with enrichment, research and development and capacity to continue it pld an build and bac missile program they continue to work on. >> do you think that sanctions are enough with iran? or are there any other nou nonct options that could work. >> there are still a host that need to be exercised even with the most recent attacks, military should be last resort,a sanctions is should continue, not just united states but get that irrefute able proof to convince europeans they need to tighten their sanctions, 1 we hav--once we have that, and if n breaks cap on us uranium inrepresent of am thainrichmenta
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onboard as well, they don't want that part of station any more destabilized as we do. we want them to be onboard as i mentioned p5 plus one, come back bring, ran back to negotiating table. david: to that point, germany, which was 1 new they agree it w, -- iran, thank you commander. >> thank you. david: come back. >> president trump on his way to orlando, a few short hours, he will relaunch his elect campaign, we'll talk you there live, and governor mike huckabee, a resident of the sunshine state, he will tell us what floridians need to hear from the president tonight, the governor in a moment. in my line of work,
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arena. christina is there now. set the scene for us. reporter: yes, i did speak with those people who were in line that arrived 2:30 a.m. monday, they have not received any sleep. people are energetic this stadium is in downtown orlando, can fit 20,000 people, we're waiting for it to fill up, overall, we're talking florida, it is an important swing state, we know in 2016, president trump won by a smaller margin, 1. 2% over hillary clinton, the polls show joe biden in lead by 9 percentage points. berbernie sanders up 6 -- warrep by 4, president trump at moment, he is creting this state very closely, he has visit the this state 1 days already total, this will potentially be his 34th
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trip, he is to arrive around 8 p.m. eastern, then head to miami, he will fund raise, i spoke with an insider who said, they are expecting over 4 million dollar in fundraising, but you have crowd here, they are riled up, they are not focused so much on polls, but, you can see president right now is not in the lead, back to you. david: all right. thank you, christina former arkansas governor mike huckabee, you now live in the state of florida. christina mentioned that new poll out, showing president trump behind all of the top democrat candidates, how does he turn this tonight? >> first, i don't take a lot of stock in a poll because it so early, and when people ask you are going to vote for donald trump in a lot of people say no, then they do it we saw that in 2016. that was very evident, i think
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we'll see the same, people are afraid they will be yelled at thrown out of restaurants, dismissed from families, they don't always answer pollsters questions honestly, and you a big plate full of democrats, they are the fresh meat right now, you go to restaurant they are new thing on the menu, they are getting a lot of attention. >> america -- american vote ser like the highering manager -- american voter is like the hiring manager, president trump record adding 4.9 million jobs since election, lowest unemployment numbers in history, so many great things for the economy, what more does he have to do to make sure that he wins that middle, and people that are undecided, not just florida you go other swing states? >> you know one thing he has to be careful, is what i call trump
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tha-- fatigue. the people on left and media, but i we -- repeat myself, they will be gain against him, but hs to be care towel t careful to ne those who really impeach wha apt he as done. >> governor, caroll roth, i think this florida and elections, the word is drama, never in a good way, there always hanging chads, there is missing ballot, what does florida have to do so we're not arging abouarguing about florid. >> one pieces of good news coming out governor desantis, i he is surprising everyone with
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confidence he shows, not that we didn't think he would be a good governor, but he is a great governor, and fearless when he said i will fire election superintendent, and you really only have two big problem, they give the rest of the state fits, i live in the pan handle, i can tell you, here that election run smoothly, they also overwhelmingly run in favor of the republican, i think that trowstrump got 81% of the vote e county where i live now. this area strong military, very conservative, but he will have a battle in places like. orlando, tampa, miami. >> i think on that last poll governor huckabee was up 3 on trump too. i agree with the governor, i think polls mean very little. >> look where i am today,
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robert, come on, man. i was up in the polls! i am sitting here talking to david dd asman on television now. >> polls mean little for president trump today, they mean a lot for is the democratic party, it about electability that is where money flows, if they think you can be next president, they will go there, i agree with governor, today versus 500 and god knows how many mer more days it means lit. , this not about being a trump lover or hater, we're not used to waking up on someone tweeting going to sleep to someone tweeting, and 24 hours in between, this is exhausting for left, right, and center, i think it will be interesting whether people say, you know what enough enough or i love it. it will bring. david: if they are sick are winning, do you think that american public is sick of
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winning? >> no, i don't think they are, they look at number,. am numbers -- the. the employment numbers and 401(k), and stock market and we're standing open to china, no longer getting punched in the gut, people like that, they like the fact that president wants to fix the border and resolve daca, this is a president who has a pretty big agenda, but they know he can't get any cooperation all democrat in congress want to talk about is impeachment, if they keep that up it will guarantee reelection of president trump. >> i would vote for you for president, i thought you did a great job in arkansas. the 16 election with miss clinton this was a referendum on fact that you had a bush or clinton run for white house, do
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you think that vote for president would be a referendum on trump not necessarily his competition, maybe a favorability rates. >> a good point, i think there will be some referendum on the president, but there will be such a dramatic philosophical defied between the two pears pas this year, more than before, with democratic candidates go further left on issues like late term abortion, and impeachment, and open borders and raising taxes. this will be a philosophical election, the likes of which yokidon't think that we've had. david: agree, governor mike huckabee thank you, come back soon. >> look forward to it. david: would you go and pay to see a play about bill and
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know the clintons. why did this fail? >> i think i gave them almost as much in '16 as the theater-goers. go see the broadway show "tootsy." >> i only thing i would pay to see the clintons do is get on a plane and go away. they had a show with the two of them on tour that didn't do well either. a lot of people have clinton fatigue and it wasn't a good idea to start with. i was a fan before and i was a fan afterwards. we have seen the guys play out and television for the last 30 years. >> i think it was the play to
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go. >> nobody showed up at the show. >> that does it forward "bulls and bears." thank you for watching. we'll see you next time. [♪] blake: from one rally to the next, "the evening edit" live from orlando. president trump set to launch his reelection campaign. what the trump team is saying about the latest poll that shows they have work to do. the talks are back on. a phone calm between president trump and china's leader prompted a big rally on the corner of wall and broad as we hear xi and president trump are
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