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tv   Bulls Bears  FOX Business  October 17, 2019 5:00pm-6:00pm EDT

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we await the uaw press conference from detroit area. melissa: wow. a lot of news, market up 23 on the day. that is it for us. connell: "bulls and bears" starts right now. david: fox business alert, breaking in last half hour, term secretary rick perry is resigning from his post, we go to edward lawrence in the beltway. reporter: energy secretary rick perry told the president he will be stepping down, reportedly told the president on air force one as they went to that event in the louis vuitton plant opening, rick perry is 14th energy secretary for united states, he is 10 days ago told reporters he would not resign, he is there to serve. then got embroiled a little bit in the ukraine talk. iin -- intel from reporters, he
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was in a meeting with money and that stuff. also acting chief of staff nick mulvaney said he was in that meeting with perry, reason they were in the meeting together, he said they were talking about energy going over to the ukraine. exports and imports, that is the reason he was involved. we don't know why the nerve wily secretary decided he would step down. we don't have a time frame. but going forward we're working to uncover the answers. energy secretary rick perry telling the president he will step down. david: all right. thank you edward. to the panel gary kaltbaum, christine and caroll roth andion burnett. there was an issue of whether or not he contacted rudy guliani. he said he sought out rudy
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guliani on advice of the president in deals with the corruption in ukraine. could that have affected his decision t to resign. >> time will tell. follow there is any responsible he has for contacting mayor rudy guliani. he has been there are think over two years. that is the general time frame in tenure a secretary would serve. i don't think that this sun usual. looking at ha he has done under trump administration, we've seen more growth in the energy sector. we look at job creation for every energy job, at least 6 additional jobs that have been created, he has done president trump as well as overall american economy very well. >> i think that is highlighted, there is questions around timing of his stepping down, since president did say that perry urged him to take the call in july with the ukraine president. then, most recently we know that
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perry has been subpoenaed and asked for documents relating to ukraine. there is a lot of information still yet to come out. david: gary kaltbaum i don't think you can underestimate degree to which energy sector has been e energized under his tenure as energy secretary. >> correct, we're energy independent, we don't have to worry about what goes on in middle east like we used. to i remember years ago, if they blinked, the prices would go up, but at the pump, 30 centss before you can blink in united states you know how you know he has done a good job, have you not heard a word about him for a couple of years. >> a lot of action of him being there. >> whether or not it has to do with ukraine we'll find out, i promise you. the meadial b will be on it. david: another big story, made in the usa, french luxury brand louis vuitton with a big
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investment in lone star state, president trump will arrive in alvarado, texas, kickoff for opening of brand-new facility, during this hour, president to give a tour, and remarking at webon cutting -- ribbon cutting, the head of louis vuitton, bernard arnault will be by his side, we'll bring it to you live this louis vuitton factory could have a lot of impact on the state, and local economy and 2020 elect, bryan llenas with the latest from alvarado. reporter: good afternoon, this louis vuitton manufacturing leather goods workshop is third such facility in united states. the first in texas. other two are in california, promising to bring 500 to to a thousand new jobs, all of the
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bags will have the made in usa label, it is an hourly wage job with benefits, it has been a big year for the lvmh group, they own louis vuitton, stock up 30% and revenues up 16% this year. for the president this is his chance to tout brings moreover seas jobs back to the united states, you can expect him to talk about that in his rally, and talk about his pledge to america's workers, a manager with 350 companies promised to train and educate over 14 million american workers, louis vuitton is one of those companies. training workers to become leather craftsmen. then the president will head to dallas, we can expect him to tout fact, since he has become president more than 13,jobs havs
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with been created in texas. -- 6 republicans in the house have said, they are not seeking reelects in 2020. so democratic candidate, beto o'rourke will hold a counter rally, just about 30 minutes away from this rally in dallas. and democrats are hope they can make some inroads by registering 2.6 million unregistered voters, they think will lean democratic and think mostly last no voters, 30% of the eligible voters in this state are hispanic, they believe they can capitalize on the border and immigration issues. david: bryan llenas thank you very much. >> we'll bring the president's comments from texas live as they happen. >> the new louis vuitton factory
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is expected to create a thousand new jobs, texas is in play in 2020 election. caroll circumstance this , is this opening of factory going to help the president keep texas ride. >> i want to acknowledge i am the louis vuitton expert on this panel, we go back a long way. a thousand jobs is not something to sneeze at. unemployment is low, hispanic unemployment is all-time lows, at the end of the day i believe most people vote with their pocketbook. it does not guarantee they are coming back but this is a one in long line of economic wins that will help president trump a lot. >> news flash, this will help the texas economy, but texas is not in trouble of being lost by
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republicans. it puts pressure on china, right, you have the knockoffs, will they be say you know made in usa? to compete, this is a great way to destinguish this is a real, a high-end product. >> i will say no, right away, you go after luxury market, some turn their nose up to tag that say made in usa, i knew louis vuitton trying to move supply chains outside of france, but you look at major, chanel for example, a lot -- gucci they keep it in italy and france, those who spend 1200, 3,000 plus they want it to from the place conceived. david: a french label. >> right. >> for those who live in texas, you don't need to experience paying 13 dollars an hour, you need to pass a drug test. this could be a hedge between
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tax between u.s. and europe. >> big picture, november 3, if we are 3.5% unemployment. and stone throw away from highs in dow, it will be tough to beat the incumbant, simple as that, people without a doubt vote with their wallets, and how many people have come off welfare roll, those off of food stamps is huge, people that were actually taking from the government, are now paying into the government, that say best case scenario for the incumbent. david: i want to be contrarian here, john. i was talking to karl rove, texas is more citified, they send left, they tend to -- they tend left, they tend to democrats, you still have rural areas, in texas, but it is changing it could move texas to
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blue side over time. >> you look at long history of job growth that texas has been able to spur, president obama administration, there was a certain stretch if you backed out number of jobs texas created, u.s. would have to a negative job growth. that is important. but we need to look at other states, federal governments, certain cities and states when you look at 50 states of u.s. there are a lot of states that cannot compete with a new york or a texas, we have to get to where we can help others. >> moving on because we're following president throughout the hour as we arrives and tours this new luxury facility in texas. and other places, when we begins talking we'll take there live. >> his second in command had a very busy day, flexing his commander -- vice commander in chief muscles, vice president
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mike pence on his way back from turkey after announcing a cease-fire in syria, what does this mean with the fight gain isis, we asked james kara fa caa kara. >> a great day for turkey and civilization. i get it all the time. "have you lost weight?" of course i have- ever since i started renting from national. because national lets me lose the wait at the counter... ...and choose any car in the aisle. and i don't wait when i return, thanks to drop & go. at national, i can lose the wait...and keep it off. looking good, patrick. i know. (vo) go national. go like a pro.
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>> today i'm proud to report, thanks to the strong leadership of president donald trump, and strong relationship between president erdogan and turkey and the united states of america. that today the united states and turkey have agreed to a ceasefire in syria. david: big news, vice president mike pence on his way back to america from turkey after
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reaching a deal that would pause military operation by turkey in syria,. turkey agreeing to five-day ceasefire to allowed coward kuro withdraw from an air along the turkey border. >> we have done a great them, if we did not go this unconvention will tough love approach, we could have not have -- not gottt done. we be able to bring our people back home, and have total control over isis. david: here is heritage foundation, national security expert, james carafano. is the president right? can we keep a lid on isis even if we bridge our forces home from syria. >> this deal makes the best of a bad situation. i don't think we'll be pulling all of our forces out of syria, we have forces in southern
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syria, i imagine they will stay there. my guess we're be doing counterterrorism operations that will probably be enough. you have to remember nobody wants to see caliphate come back, not the russians, notes iranian, not assad, not the wpg, not the turks. >> james, this is gary kaltbaum. call me bed i befuddled. i talked about the president talking about great civi cruis civilization. and praising erdogan, i am thinking this is going to be great, this is just 5 days, what are your thoughts? >> all of rhetoric aside. which their is making the best
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of a bad situation, the u.s. did not green light the turkish incursion, we don't have forces or cape bil capability to real . it would not make sense for us. this significantly lowers and mitigates the potential for needless casualties. and so it does allow for peaceful transfer, they said, after a five-day of secession, if both sides honored, it would transition to a cease-fire to give turks a buffer zone, that would make the turks happy, the ypg will still be there, it will not solve the civil war but better than fighting over the terrain. >> you just finished by saying we can't stop them from entering, have we not been doing that thus far until we just pulled out, you have turkey radio and television, saying, that it not a ceasefire, the
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curthekurds are rejecting the d. you refer to them as ypg, the called them syrian democratic forces, vice president penceside said, whysaid, why,-- ypg . >> the umbrella political organization, and ypg is militia under the. turks have wanted to do this for a long time, u.s. has been trying to deter it. in the end we did not have the cape bthe-- capability, people p saying we scruf just said go dof you think about it, this takes a
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lot of planning, we don't have the capacity to stop them. this allows at least the possibility of a peaceful turnover, les casualties, that s better than having them shoot at each other. >> erdogan said he would go in anyway, right? president trump did the right thing by pulling u.s. forces out. to avoid any potential conflict military conflict with nato partner, with that said, over next 5 days, if erdogan is not satisfied with the current state and negotiations, he still moves forward, continues to use aggressive force against the kurds, besides sanctions, what other options are left for president trump? >> i think sanctions are most powerful tool that u.s. has. turks have to be held accountable for what they do.
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even if they move in. if they commit atrocities, let isis run wild or not treat civilians properly, they have to be held accountable. the most potent instrument that u.s. has is sanctions. >> jim carafano thank you. >> billionaire -- next. >> capitalism as we know it is dead, businesses need, we need a new capitalism, next. not again. limu that's your reflection. only pay for what you need. ♪ liberty, liberty, liberty, liberty ♪ audrey's on it. eating right and staying active? on it! audrey thinks she's doing all she can
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texas, we're waiting for the president to arrive any moment at the new louis vuitton there. >> say good-bye to capitalism as we know it, billion air sales fore founder, ceo mark said that capitalism is gone. >> capitalism as we know it is dead, we all need a new capitalism this is more fair, more equitable and sustain able. that includes all stake holders not just shareholders, this concept of business is business is over. david: he said that government should step in and require public companies to disclose how their profits benefit the commie ancommunity and the planet not just shareholders. >> this is so ridiculous it makes me' to pull my hair out from someone who should know
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better, he does not understand what capitalism is, it not dead had. unfortunately the government intervenes and we get cronyism and don't let the free markets work. when you let them work it is based on free choice, free choice of all stake holders, consumers and employees. everyone has a choice of how they participate in the system. we get them out of way we get best outcomes, prosperity and opportunities, long live capitalism. >> unlike caroll, i don't have hair to pull out, we look at capitalism, it not a break down of capitalism, it is a break down about public infrastructure. you look at public school system, it lacks innovation, it lacks teaching kids viable skills that are employeable. there was a pwc research report, they asked do you think that
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kids coming out of college are ready for the work force, they said about 40%, you ask academia are kids ready, they think it is 72%, there is a huge skills gap. you look at a break down. you have individuals choosing employment that only ways 50,000 a year, if that, coming out of college. but yet they have 200,000 worth of debt, you look at the return on investment it is not there. david: you say not capitalism it is government. >> it is government and it is poor government intervention and you look at globalization over last 30 years it has not done people well. >> i find it amazing a man started company at zero doing 17 billion in sales in 2020, because capitalism does not work. he has -- it is an insult to me, he says about how companies have
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to be accountable to communities, i am here in orlando, florida, i can't begin to tell you what companies like disney, darden and lockheed do for the community and kids here, my little small, november 20 serving 400 kids a thanksgiving dinner that may not have one because we want to do for community, i don't want to hear from someone like this ahead his wealth because of how great capitalism, by the way capitalism is opportunity, try to do what bernie sanders wants socialism, that is opposite of opportunity, it is called economic date, death, i don't o hear from this guy any more. >> you are calling him a hypocrite. >> completely, 100%. >> to just echo the sentiment of the widening inequal feity and t backlash against elites, you have elites who don't want to be
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targeted so they are voicing their opinion that we need to share and redistribute, we have so much money now. >> i think they are doing it because they are hearing from elizabeth warren, and bernie sanders, and it is calls just in case, just in case one of these people in white house, they can say, oh, look at what i said, i was in front of all this. >> a joke, this is all politics. >> gary, how do we get past the rising level of inequality, you see wage growth. david: taxation is the way, that is what taxation is about, right? the profits belong to shareholders and they are tax through corporate taxes and government does with that what they do. >> by the way, by the way, under capitalism, inequality is a future not a bug, inequal fee is noity isnot a problem, poverty e problem you need more people in
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system, get them more opportunity. >> we could do hours on this. >> we can, but we can't. we have a lot of breaking news, boris johnson celebrating a brexit deal with the eu, but not everyone is as enthusiastic, nigel farage has harsh words for the prime minister's compromise. >> deal or no deal, what does this mean for us in united states? that is next. >> there is good case -- to ex tre with sofi, get your credit cards right- by consolidating your credit card debt into one monthly payment. and get your interest rate right. so you can save big. get a no-fee personal loan up to $100k. the♪lexus es...
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>> this is a great deal for our country, the uk, i believe a good deal for our friends in the eu, we can decide our future together, take back control as the phrase goes our money, borders and laws. i am very confident when my colleagues in parliament study this agreement, they will want to vote ar for it. david: british prime minister boris johnson, very confident, a brexit deal has been reached. british prime minister boris johnson, and european union leaders have reached a compromise, which johnson hails as a victory.
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but not everyone agrees, including mr. brexit. nigel farage, you said, that this deal is just putting lipstick on a pig. i get that. people in america want to know how all this might affect a trade deal between u.s. and u.s. -- uk and u.s. >> a year ago. theresa may produced new eu treaty, parliament rejected it three times, what boris johnson is doing is representing it can 5% of change, that is why i call it lipstick a pig. even if it goes through, we enter into a transition period which will last until at least 2021. but probably more likely 2022. during that period of time, we cannot sign any trade deals with any outside of the eu member. so nearest date possible for a
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deal with you guys would be 2023, and other thing it ties us to are full regulator realign am tharealignment, that could maket difficult in areas like official services to do a deal with america or anyone else. what boris is doing, i he is in a figh tight spot, he putting fd brino . that is brexit in name only. >> if i stick can your time frame. how is it going to reflect what the people voted for back in 2016? >> it is a very good point, a reason i am so furious. it now pushing on the three and a half years since we voted to
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leave the eu, it was clear, we voted to -- we were leaving, single market, leaving customs union, leaving the european court. , what this so-called deal does is leave us in in a in a -- tr, not good enough, it is defective. our politics don't have the guts to carry out brexit. >> this is gary kaltbaum. the northern ireland they are not for it, labor party not for it, you are not for it we're talking about serious influence and a bunch of mprogram' mp's n, is there a shot we get to week and nothing is done. >> we have a saturday-sitting parliament for first time in 37 years, my money says it does not pass in parliament. i got my fingers crossed it
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fails in parliament, i would rather wait a little bit longer, perhaps prospect of a general election, maybe a parliament that reflects will of the people, i would rather that, then sign up to okay, i'll give him credit it is a better deal than theresa mays, it is now only the second worse deal. i don't' to deal, i want parliament to reject it let's have a general election. >> this caroll roth. no deal will be perfect. to do everything that you wanted. what are one or two points that are think are absolutely imperative and no deal should be done without. >> well, very clearly, if the european court of justice based in luxembourg is ultimate
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arbiter of all laws in our country we're not a free environment. we're not an independent country, i lead a campaign for 25 years for us to be free, friendly with europe, trading with europe, but not govern by europe's laws, what boris has done, he can play all 3 card tricks he likes, he has not got us free, that is why i am upset with it. >> looking at u.s. economy president trump done well in terms of reducing taxation and getting rid of environmental laws that have been restrictive. when you look at the deal between the eu and the u.k. as you just pointed out, how do you get past and how do you overcome the barriers with respect to tax -- high taxation, the burden -- bur burden some.
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>> we have -- the plan to negotiate a trade deal, e u chief negotiator said there is no trade agreement unless we have regulatory alignment -- environmental law, on unemploy law, and indeed elements of taxation. and state aid, for those those reasons there no way you know we as brexiteers should be even considering this. bore siboris is entertaining bue he is doing the wrong thing. david: here we're afraid a socialist might become president, there you are afraid a socialist might become prime minister, you mentioned an
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election, what is chance jeremy corbin could become prime minister? >> we're in the socialist european union, they are running our lives, corbin is bad news, but getting free of brusselss is more important, these buildings behind me, the modern form of communism, i want out of it. david: nigel farage, the incredibly distinguished nigel fafarage. come back soon. david: we're live in the campus of george town university with what mark zuckerberg says about his facebook ad coming next. >> it would be hard to be biased gaiagainst both sides. but, look, right now we're doing a good job of making everybody
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david: free speech versus hate speech, mark zuckerberg addressing critics who say company should do more to police its site, hillary vaughn joining us from campus. reporter: he addressed antico anticonservative bias. his answer was he i is on, he ih sides, and a oversight committee that decides what content stays and goes, he addressed senator elizabeth warren warren to break
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up big tech, saying a break up would make it harder for them to tackle problem that congress wants them to address. >> the thing about breaking ups tech company, it would not make it easier for us to to the things we talked about today, in other platforms, whether twitter or reddit, you know they are smaller but not like they face different issues, they have same speech issues we do, it will be harder for them to address them. reporter: this defense by zuckerberg of freedom of expression was not open to media outlet to bring their cameras inside, university person, organizing the event said it was fact fantastic'facebook requeste camera let in. david: thank you. >> do you think zuckerberg is right to avoid the political fact checking?
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>> yes, i will say something that may shock some viewers, but politicians lie. i know it is hard to believe. >> no. >> they lie, every time they put up an ad they lie, if they fact checked political ads they would do it until cows come home. he is not do, that i would like to see him move in that direction across platform unless something violates a law or calls for direct violence, they should not censor anything. >> right, a great point, you have not taken moral high ground by talking freedom of speech but not addressing privacy violation, and algorithm bias, some ads will be higher than others, second point he said he aired trump ad it aired on television, well, then you are telling us you are a media organization or a broadcaster, therefore somebody scrutinized -- should be scrutinize at same
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level, no? >> hillary with a great point, you have democrats and republicans at odds with you, you are doing right thing, facebook should not be in the business of screening news, 1 yoonceyou start, that you coulde held accoun accountable later or not taking action, just doing baseline reviews is smart way to go. >> mr. mark is in a no-win situation, if he does too much she accused of too much oversight, too little not enough, that is what happens when you have two billion people on your platform, free speech, two words, let it be, let to go let people make their own decisions. david: a lot of these fact checkers can be political, they let their bias interview. >> of course. david: all right, gang thank you, before we head to break, let's see what is coming up "evening edit" withes elizabeth
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macdonald. >> we found a trend that looks like it help president trump in 2020. how changes demographics of republicans and democrat parti parties. plus we'll ask the former deputy independent council under ken starr about sense more milosevic warnin-- mitch mcconnell, warnio prepare for an impeachment trial. and tune in "evening edit" 6:00. >> all right. thank you. >> southpark strikes again. we'll tell you who they target now and a wonderful clip, coming area way. listening? so. let's talk. we're built for hearing what's important to you,
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david: president trump is now arriving at the louis vuitton workshop in texas. he is touring the new facility with the head of lvmh, that is bernard arnault. >> we have a right to free speech. >> yes, we do, we have freedom of speech, at times there are ramifications, negative that is happen when you are not thinking of others, only thinking about yourself. >> what going on. >> they are trying to change people's lunch, it harms people financially. david: southpark mocking lebron james, using his own comments about china.
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u.su.s.china does thewhole thins legacy. >> no. he has done wonderful stuff for children and community, but he did make a big mistake, he put dollars and nba in front of what is really going on with protestors in hong kong and china. i think he was smart to say, i'm not going to talk about it any more, it shall pass. >> that not smart, gary, come on, get out of here. >> i didn't say it was smart. >> who would have thought lebron james, greatest basketball player, currently on the planet would get post arized by south bark, you loo southparp domestically for civil rights but bowing down initiall interny
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for human rights. >> i think this is fantastic. they made light of it. i do not agree with anything that lebron james said, i support his right to free speech. >> or no speech. >> at the end of the day it was funny, in words of eric cartman. >> i think great southpark standing up to censorship. david: coming up big news may come from one major national newspaper. potential headlines next.
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2,000 fence posts. 900 acres. 48 bales. all before lunch, which we caught last saturday. we earn our scars. we wear our work ethic. david: president trump in alvarado, texas, he is answering questions, let's listen in [inaudible conversations]
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david: just moments ago, believe it or not. we are in break, he was answering questions from the reporters, now he talking to the workers. we're monitoring it closely, that is why we busted out of the break. 1 h1 he talks about issues of substance. we'll get back to that. >> "usa today," parent company gannett will reportedly start phasing out its print edition soon, according to a new report from point i pointer institute. would anyone be surprised if this were the case? who still reads print editions of our paper? i see a hand, you do. >> i do. >> every day,. >> david: really. >> "wall street journal," "financial times," new york time, bloomberg and the economy, i can see everything, i read
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articles that i may have missed, and not distracted by everything that pops up, it will remain in circulation, but it will be more expensive. >> breaking news, i agree with christina. i still get "wall street journal" delivered, i get a lot of news digital. you look at business model with daily news, a local paper, only way they could survive going digital, you look at massive, trend, millennial they don't want physical pieces of paper, that i want to look at it on a digital platform to quickly share, leave comments and so forth this is about community, not individual's receiving a fizzal paper. >> gary.
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>> i get 4 newspapers a day, hard copy, "usa today" is one of them. you can go on-line digital, i expect in sooner around than later they will go by way side. >> it leaves older americans. we like "wall street journal." david: caroll thank you, president trump is talking to reporters now, let's listen in. >> to me bernard is an artist, what he has done is incredible,
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not only here but in brands, world of brands, it is an honor to have him in texas, he will be very happy. >> why do you want to tax french wine and cheese, why don't you tax mr. arnault. >> i can't tax him, he moved to the united states he was very smart away ahead, i did discuss it, he has no tariffs because he is in the united states so, we're happy about that. very happy. >> and wines and cheese? >> that is a different story, but, they owe us a lot of money thank you very much. >> mr. president, did you watch nick mulvaney press conference. >> no. >> are you aware? >> someone said he did a very nice job, i have been vo very mh focused on this and also turkey the great thing in syria, i don't know, mick is a good man, i have not heard anything about
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it. >> for -- i have a lot of confidence. >> i think this is beautiful. i really think this is beautiful, i think that plant is incredible. and a great company. thank you very much. >> did rick perry offer his resignation. >> he is with me right here, he has been outstanding, we're already have his replacement, he has done a fantastic job at energy, it was time, three years is a long time, he will be leaving toward -- at the end of the year, i was going to announce it tonight at rally in texas, we have the man, a man in this case, we'll be putting in rick 's place. we'll announce it shorty okay. how are you? >> this and i great deal

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