tv Maria Bartiromos Wall Street FOX Business October 10, 2020 10:00am-11:00am EDT
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jack: goldman does well in volatility, and volatility is something we can expect. jack, ben, carlton, great ideas, thank you. to read more, check out this week's edition of barron's. stay healthy, wear your masks. we'll see ♪ >> from the fox studios in new york city, this is maria bartiromo's "wall street." maria: happy weekend, everyone. welcome to the program that analyzes the week that was and helps position you for the week ahead. coming up, my wide-ranging and first on fox interview with president trump. we are going to talk with the president in his first interview since having recovered from the coronavirus. just three weeks until the election, the president will join us, coming up. where things stand on stimulus, the declassify caution of documents and a lot more. stay with us. but first, let's take a look
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back at some of the week's big moments in this weekend's edition of "the week's talkers." ♪ ♪ maria: the russian intelligence watching others comes up with a report and says hillary clinton approved the plan to tie trump to russia. >> the democrats accused us of what they're doing. turns out it was the clinton campaign working with the russians to create this fake hoax. maria: what's your reaction to these declassified notes that show it was actually hillary clinton's plan to tie trump to russia? >> so it was the dnc buying russian dirt to embarrass president trump and divert away from her e-mail arrangement. that wound up being exactly what happened. maria: how much of this may or may not resonate for the american people with 26 days left til election day? >> first, does it resonate -- if it first doesn't resonate, we're going to have a hard time
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surviving as a country. maria: you heard hillary clinton, she says joe biden should contest this election, whatever it takes. >> they cannot win on game day. they've got to i try to steal it starting the evening of november 3rd. president trump's gog got to have a a massive victory. maria: we've beening talking all morning about declassifying documents. >> hoping that maybe in trump's final days or the edge of his presidency or maybe the final days of this run, i don't know who's going to win the presidency, obviously, and then we should see a recovery also. [inaudible] maria: meanwhile, ooh another volatile week for stocks. investors responding to concerns over the president's health, the showdown on capitol hill. joining me to break it all down and look ahead is alpha one capital partners dan niles. dan, it's great to have you, thank you so much for being here. you say we are at an important juncture for the stock market right now.
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walk us through that. >> yeah, i mean, you obviously had a big move down in the markets, a big ramp back up in the markets driven by stimulus, and now you're sort of at this critical juncture, as you put it, where you've got three big i events between now and year end. the first one is, obviously, additional stimulus. we're going to probably get some before the elections and then, obviously, after the elections we should even get more. and right now you have about 30 of gdp in the united states spent on stimulus already between what the fed's done in terms of expanding the balance sheet by $3 trillion and the four phases of stimulus we've already gotten. that'll, obviously, be a positive for the market. the second big thing is the ramp in the coronavirus. as the weather gets colder, obviously, flu season starts to kick up, and you should start to see infections go up. but the positive is that we should, hopefully, get a vaccine between now and year end, so it's going to really be the
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interplay between segments of the world potentially shutting down, but then what a vaccine can do to help us through that. and then, obviously, the final thing is what happens with the election because depending on who wins, different segments of the market will benefit or not. obviously, if you end up with a change in administration, there'll be more focus on things like clean power with the $2 trillion climate plan. if the current administration stays in place, that'll be much better, protects stocks which you'll have a lot less pressure and also in terms of taxes which will be lower which will be helpful for the overall market. those are sort of the three big things we're trying to manage around between now and the eventful three months before year end. maria: dan, we've heard the biden/harris campaign about raising taxes. joe biden wants to raise taxes by $4 trillion, and as part of that he wants to take the capital gains tax way up there to the 40% range. would you expect the selloff in
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the market if joe biden wins? because i imagine people will want to sell their winners before the year is up so that they don't get hit with that 40% capital gains tax next year. >> yeah, i mean, i think, you know, obviously lower taxes are good for the market. we saw the market react to lower taxes. obviously, raising taxes by itself, that's going to be bad for the market. and then, as you pointed out, in terms of the capital gains rate is going to move up that dramatically, which that seems to be the plan if they can get that through, then, yes, you would anticipate a fair bit of people taking their profits this year when the tax rate's going to be a lot less. so on the margin, i think you could end up with a change in administration, yes, that will be negative for the market as a whole relative to if you have a more business-friendly environment which is currently what we have today. maria: you've been doing incredibly well, up in the first
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quarter even while the s&p 500 is down. continuing up every month, on track for one of its best years in your entire 16-year history. go through some of the names that you believe will do well regardless, or you could compartmentalize it and tell me what you think is going to do well under trump versus under biden. what do you like? how are you allocating capital, dan? >> yeah. i mean, i've really got it split up into three buckets. so i've got the names before, during and after the pandemic. so gaming is probably the area i like the best, because you have a catalyst between now and year end which is you have sony and microsoft launching the first new consoles, game consoles, in seven years. so gnashed be really good for the -- that should be really good for the market. you've seen microsoft spend $75 billion to take out bethesda soft works. you should see that really starting to do well going forward, and you saw, obviously,
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business accelerate a lot as people were stuck at home during the pandemic. now, tied in to the pandemic, obviously, people are working and learning from home, so you'll see 5g infrastructure, spending around all that do well. we like names like erickson with regards to that, providing the infrastructure, qualcomm providing the chips going into that and lumentum providing augmented reality chips for those high-end phones. and if you look at, you know, other things, obviously, social media's keeping us connected, you like facebook for that. they're getting into e-commerce, obviously, amazon is seeing, you know, two to three years' worth of future demand pulled forward because of this and, you know, they're going to continue to benefit going forward from that. and then you've got other areas like online sports betting which, you know, should see really great acceleration next
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year. and so name it is like caesars, we own for that. but then there's opportunistic stuff that we like a lot, automotive being at the top of that list where unit auto sales were down 48% year-over-year in april, only down 5 in september. so names like nxpi, which we own, they preannounced positively today, on friday. and then, you know, other names in that space i think will benefit. but green power is one with climate change, i think, going to see more investment in that space. so we like that. so names like bloom energy or ballard. and then finally, construction where, regardless of who wins the election, you're going to see much more money spent on roads and infrastructure, etc., and we like a name like summit materials -- maria: yeah. >> or a play off of that. maria: dan, it's great to get your insight. thanks very much. >> my pleasure as always, maria. maria: we'll see you soon.
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dan niles, alphaone capital partners founder. when we come back, my wide-ranging, first on fox interview with president trump, what he has to say ability the recovery, his own recovery, the next debate with joe biden and a lot more. don't go anywhere, more "wall street" after this. >> a blessing in disguise. i'm glad because i'm the leader. and i can't be like biden where i hang out in a basement every day. i meet a lot of people, and i have to, i'm the president of the country. i can't hang around in a basement. ♪ ♪ ♪ ♪ [ engines revving ] ♪
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also moments after news broke that the commission on presidential debates will be holding the second debate virtually. the president rejected this move. here's what he told me. >> no, i'm not going to waste my time on a virtual debate. that's not what debating's all about, you sit behind a computer. it's ridiculous. and then they cut you off whenever they want. i have a host, who i always thought was a nice guy, but it came out that he's a never trumper. we do have some of them, maria, believe it or not, because they don't like to win. and -- maria: at what point -- >> they didn't even tell -- maria: at one point -- so you just learned this this morning? >> yeah, we learned it the same way you learned it. they called up two minutes ago, and it was announced. they're trying to protect biden. everybody is. they're kind of like that nbc disaster where he went on the show with lester holt. it was meant for a child. it wasn't meant for a grown
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person. he gets up, and he says we're not fracking, we're not fracking. it was fracking, for six months he was fracking, he was raising his very thin hand, and he was fracking. and now all of a sudden he's not frack. tell the pennsylvania people that you're going -- it's ridiculous. he said he's not fracking. that's all he said. and then all of a sudden how about her, she committed her life to it, and all of a sudden she's a fraker, she's a big fraker. they're going to stop fracking the minute they get into office. they're lying to everybody about so many different things. maria: mr. president, addresses the criticism, mr. president, the criticism that you removed your mask for a photo op, you got to the top of the steps, you removed it, people are worried about your recent diagnosis, now you've got 30 plus people with coronavirus in and around the white house. address that concern for us, mr. president, as you tell the convention on debates you're not going to do this virtually. >> yeah. well, first of all, i think i'm
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better. i went to a point where i'd love to do a rally tonight. i wanted to do one last night. but i think i'm better to a point that i feel better than i did, you know, i jokingly said 20 years ago. i feel perfect. there's nothing wrong. i had a case, i got it ducked out. i think it was regeneron that was responsible for it. because of that, it was sort of like almost a gift from heaven because, because of what i went through -- and i had, you know, i felt pretty lousy. a lot of people did. a lot of people do. you know, no mart how good the security, you're not going to protect yourself from this thing with just your standard anything unless you just literally don't come -- even those people found out. did you see in new york city the most heavily locked down place, the people that caught it the most were the people that were caught in their houses and their apartments, okay? maria: well, you know -- >> it's one of those things -- yes, go ahead, maria. maria: i'm glad you brought up
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new york, mr. president, because yesterday andrew cuomo, the governor of new york, said that the city is going to be on lockdown until november 3rd. not november 2nd, november 3rd. which, of course, is election -- >> they're trying to hurt the economy as much as possible, the democrats. this is where they figure the economy will hurt a little bit better. my numbers won't be as good. but, actually, our numbers for the third quarter are going to be through the roof. retail sales, employment, all of these numbers are going to be great. so i don't know what they're doing, it's a shame what's happened to new york. of it's like a ghost town. maria: i want -- >> it's a sad, sad place, new york. so sad. i have friends living there -- [inaudible conversations] maria: look, i want to go back to the coronavirus for a moment because the testing at the white house, i know, is incredible. and everybody gets tested every day. you can't even come in to see you without getting tested. every precaution was taken to protect you.
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anybody who came within feet had to be tested. how is it possible that you did contract the coronavirus, and what kind of protections are you putting in place now? you say you feel great, but the media's out there saying, well, you're contagious. do you feel that you are? >> no, i don't think i'm contagious, but we still -- maria: -- go to a rally. >> i don't think i'm contagious. first of all, if i'm at a rally, i stand by myself very far away from everybody, whether i was or not. but i still wouldn't go to a rally if i was contagious. no, it takes a certain period of time. i feel that i'm good. you catch this thing. a lot of people caught it. look, you have the governor of virginia, he wore a mask all the time, you'd never see the guy without a mask, he catches it. you have senators that wore masks all the time, thom tillis, a very good guy who's, i think, now going to win his race because his opponent happened to have not one affair, but two affairs, okay? that was not good timing.
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and i think thom tillis is going to win his race, and he should win it, he's a good man. but he was known as a mask, mr. mask, we call imhim. he caught it. you catch of this thing. it's particles of dust, it's tiny stuff. now, as far as the white house is concerned, somebody got in, it was a day of sell brace with notre dame, etc., etc., and somebody got in, and people got affected. where it was there -- whether it was there or something else. when you catch it, you get better and then you're immune. maria: the president praising the experimental treatments he received, regeneron surging this week as president trump hails its virus therapeutic as a cure. more on that coming up. plus, new progress on stimulus talks and the authorization to disclose all the documents related to the russia hoax from my interview with president trump continues. ♪ ♪ before nexium 24hr, anna could only imagine a comfortable night's sleep
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plus, 0% interest for 36 months & free premium delivery when you add a base. ends monday ♪ ♪ maria: welcome back. more now from my interview with president trump hailing the experimental therapeutic treatments that he received at walter reed medical center to combat the coronavirus. take a listen. >> now, we have drugs now that we didn't even know about four months ago. like regeneral ron, like -- regeneron, and i'm not even talking about remdesivir. remdesivir's, you know, fine. but the regeneron, i view it as a cure, not just a therapeutic. i view it as a cure. and eli lilly has a great drug. i spoke to david last night, the head of the company. very much along the lines of regeneron. and they work in a very similar way. it's great.
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and what i'm doing is i'm going to supply this drug. it made me better, i will tell you right now. i walked in, i didn't feel great. i think i would have done it fine without -- you know, you don't really need drugs, and they also like to give you steroids, like a steroid in combination for a short period of time because that stops the swelling, like a baseball pitcher would use a steroid, you know, when his arm blows up, they want to stop the swelling of the lungs in particular. and so they gave me a steroid, which is a very easy thing to take. but, no, i had -- maria: you said it was a blessing. >> -- regeneron, and ely lily, what i'm doing now, and i don't know if you saw the video i made last night -- maria: yes, i did. and you said it was a blessing in disguise. >> a blessing in disguise. i'm glad, because i'm the leader. and i can't be like biden where i hang out in a basement every day. sure, if i wanted to hang out in a basement, i wouldn't catch it, but i meet a lot of people. i have to, i'm the president of
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the country. i can't around in a basement. maria: you want aid for the airlines, small business, $1200 e checks, but how do you want to see aid play out, and what do you want as far as a priority on stimulus? >> well, i shut down talks two days ago because they weren't working out. now they are starting to work out. we're starting to have some very productive talks. and she wants it to happen too. i believe she wants it to happen because it's so good for our country. we really need it. it wasn't our workers' fault, it wasn't our airlines' fault that china did this alternative eternal thing to us, and i will not be forgetting about that. this was all done by china, and we shouldn't be hurting our workers because china put the curse on. this was a horrible scourge, a horrible thing that they did. and is so i said, i said, look, we're not getting anywhere, shut it down. and i didn't want to waste time. but in any vent, after that we
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got -- in any event, after of that we got back. both sides very capable. we got back, we started talking about, and we're talking about airlines, and we're talking about a bigger deal than airlines. we're talking about a deal with $1200 per person, we're talking about other things. but it's not anybody's fault. they were trying to get things, and we were trying to get things, and it wasn't going anywhere. i shut it down. i don't want to play games. and then we reopened, and i see the markets are doing well. but i think we have a really good chance of doing something. maria: you've been facing incredible resistance your entire, your entire term, and you've taken some real bold action this week, authorizing the disclosure of all of the documents related to the russia hoax. mr. president, we now know from these documents that john ratcliffe unveiled that it was hillary clinton's' idea to tie you to russia in some way. it was successful, the whole country was talking about it for two and a half years. but what comes next, mr.
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president? we can have all of these documents, we can see exactly what happens, but unless john durham comes out with a report or indictments, unless bill barr comes out with some kind of a ruling here, do you think this is resonating on the american people? >> unless bill barr indicts these people for crimes, the greatest political crime in the history of our country, then we're going to get little satisfaction unless i win, and we'll just have to go because i won't forget it. but these people should be indicted. this was a greatest political crime in the history of our country, and that includes obama, and it includes biden. these are people that spied on my campaign, and we have everything. now they say they have much more, okay? and i say, bill, we have plenty, you don't need any more. we've got so much, maria. just take a look at the comey report. 78 pages of kill done by horowitz. and i have a lot of respect for horowitz, and he said prosecute.
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he recommended prosecute, and they didn't prosecute. i was -- i couldn't believe it, but they didn't do it. because they said we have much bigger fish to fry. well, that's okay. they indicted flynn for lying and he didn't lie. they destroyed many lives, roger stone over nothing. they destroyed lives. look at manafort, they sent in a black book, a phony black book. they made up a black book of cash that he got from ukraine or someplace, and he didn't get any cash. it was a phony book. what they've done to people -- maria: brennan, john -- we're going to have carter page coming on, he's going to tell his story, and we just heard from george papadopoulos. their lives have been completely changed. john brennan briefed president obama on this. what else is needed to insure that the american people understand what took place, trample on american people's rights and liberties before the election? >> look, we have all the evidence in the world. in addition to that, i released
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everything, every document. i don't care what it pertains to, i released everything. i've declassified. i'm the only one in the country that has the power to do that. i declassified everything. i did it a year ago, actually, for bill barr. i declassified everything so there's not a document they can't have. but it's still not that easy. you have a deep state, you have a group of people that don't want to have documents shown, which tells you bad things, you know? but they have to give them, ultimately, we're getting them. you know, yesterday john gave john ratcliffe, who's terrific, he gave over a thousand pages of documents that people couldn't get. maria: another incidence of mail-in ballots being tossed in the trash. president trump says he's trying -- this kind of voter fraud is a much bigger problem than interference from china and russia. what he plans to do about it when we continue wititititit i am robert strickler. i've been involved in communications in the media
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♪ ♪ maria: welcome back. fbi director christopher wray under fire for testifying that he has not seen any if evidence of voter -- any evidence of voter fraud in this election cycle. this as we're hearing of yet another incident this week involving a new jersey postal worker charged with tossing thousands of pieces of mail, including 99 mail-in ballots in the garbage. here's how the president responded. >> well, i don't want to say -- he's been disappointing. he talks about, you know, even the voting thing, he doesn't see voting ballots as a problem. there are thousands of ballots right there. you pick up any paper in the country, practically, and they're cheating all over the place on the ballots. how is that not a problem? that's a much bigger problem than china or russia, if you look at it. it's a much bigger problem. so when you say, oh, i don't see that as a problem, pick up the newspaper and read. they lost a thousand ballots that were defrauded in north carolina, 500 ballots were sent
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to virginia erroneously. you look at what happened in, just take a look at what happened in new york with the carolyn maloney race. it was a disaster how they were able to give her that victory. maria: and it, and in l.a. county -- >> i don't know the other guy -- well, you take a look at -- [inaudible conversations] maria: more than 2,000l.a. county ballots printed, mailed without presidential election, without the presidential race on the ballot. >> forgot to put my name on the ballot. maria: ballots are being thrown in the trash, sent to dead people, i have another story every day on this situation. what are you going to do antibiotic, mr. president? if they cheated in 2016, they're going to cheat again. how are you going to stop this and insure that you have the wherewithal to fight back if it's all ballot lies in -- lies? [inaudible conversations]
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maria: joe biden has 800 lawyers. >> they forgot if one minor detail, to put my name on the ballot. other than that, they were wonderful, right? these are cheaters. these are con men. these are cheaters that we're dealing with. in nevada, they don't want to have any signature on the ballots. he's a real beauty, you know? comes out of the, he comes out of the political party. he got to be governor. you can't even get -- if you want to make a speech in nevada, you can't even get a site. it's very hard to get a political site to make a speech to have thousands of people show up. they have them all over the place. he makes it so it's very difficult. anybody else can't get a site. and he's in charge of the ballots. and there's bad things happening out there. now, we have law enforcement watching him very strong, u.s. attorney is watching him very strongly. the u.s. marshal is watching. in new mexico, a state that i think we can win, we have the u.s. marshal and the u.s. torn watching them. so it's not -- u.s. attorney.
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it's not easy for them because we've got people watching. nobody ever had. but it's a corrupt system because they're sending out millions of ballots. now, when you send out millions of ballots, when you're the sender, you can send them wherever you want, democrat areas, republican areas, you don't have to send them at all. mailmen are being, as you know, indicted. one was indicted yesterday in new jersey, another in virginia, mailmen. ballots are being found in river beds. they dumped it all -- they call it a tray. that's a lot of ballots, i don't know how many, but it's a lot. they found trays of ballots in the river. they found eight ballots with i my name, military ballots, with my name on it in a waste paper basket in another good state. no, it's a terrible thing, and they're going to -- maria, then when you bring it up, oh, he's not for freedom. he's not for a smooth transfer, you know? maria: well, they keep bringing
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up the fact that you will not say if i lose, i will leave the white house, mr. president. and hillary clinton told joe biden he needs to contest this election, not concede at all. so what do you think? is this election -- >> well, i'll tell you what i think, yeah, i'll tell you what i i think. if you were running for office and if you see thousands and thousands of ballots being thrown into rivers and if they have your name on it in some cases, in other words, people -- we have military ballots where people voted for me, military, the military's going to vote for me because i rebuilt the military. i love the military. despite their phony story they made about standing on a grave, they don't even have i any witnesses, they made it up. and that's why they're low lives. they knew it wasn't true, but they use with it all the time. actually, it was joe biden that called the military a bunch of dirty bastards, and he said it on tape. he called them a bunch of dirty
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bastards, and he said it on tape. the press doesn't bring that up. they made up a story, the most angered i was, i said now the gloves are off. let the gloves be off. maria: in fact, one of your priorities has been to bring the troops back home. and they're coming home. maria: your latest -- yeah, from afghanistan. what can you tell us? you say you think all of the troops will be home by christmas or -- >> shortly, by the end of the year. yeah. so what's happened, you know, we're in negotiations, but, look, the other side's tired of fighting too. 19 years, it's been 19 years. we're down to 4,000 troops in afghanistan, and i'll have them home by the end of the year. they're coming home, you know, as we speak. 19 years is enough. they're acting as policemen, okay? they're not acting as troops. we have the greatest troops in the world. i wiped out 100% of the isis caliphate. i killed soleimani,
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al-baghdadi, bigger names than ohs saw bin laden. soleimani was the worst trorrist in 50 years. i killed both of them. nobody could find them until i came along. our soldiers have been fantastic. i rebuilt our military. i want our military home because we're in all these different sites fighting in countries that nobody ever heard of, and it hurts us because we wear out your military. maria: coming up, the president gives me his take on kamala harris and the vice presidential debate.
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♪ ♪ maria: welcome back. now president trump reacts to the vice presidential debate this week. >> i thought that wasn't even a contest last night. she was terrible. she was -- i don't think you could get worse. and totally unlikable. and she is. she's a communist. she's left of bernie. she's rated left of bernie by
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everybody. she's a communist. we're going to have a communist, and she's going to be, in my opinion -- look, i stood next to joe, and joe's not lasting two months as president, okay? that's my opinion. he's not going to be lasting. they all like to say -- maria: [inaudible] >> he didn't take his ads down, it was nonsense. he never took husband ads down. -- his ads down. no, she's a communist. she's not a socialist, she's well beyond a socialist. take a look at her views. she wants to open up the borders to allow killers and murderers and rapists to pour into our country. we have the tightest borders we've everred that. the wall is up to 350 miles long, or it'll be finished very song a. it's had a tremendous impact and, frankly, we're working along very well with mexico. but it's hard to get into our country. and when we do have people in our country that are bad, i throw them out. we're throwing out tens of thousands of people, and they're murderers, and they're rapists.
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she wants to allow everybody to stay in our country. look at the manifesto. you know, bernie lies about all this stuff because, you know, bernie is the guy, crazy bernie, he's the one that's really angry, and so is aoc because, you know, he thought that they had a man in biden that was going to agree to what they aagreed to. and that's no fracking, open borders, you know, sanctuary cities, all of this stuff. he's still probably going to be sanctuary cities because, you know, for whatever reason -- maria: well -- >> but let me finish, he goes out and says no fracking for months during the democrat debates. and then he gets up and says, no, we're going to frack. pennsylvania will never go for him because pennsylvania has a million jobs that are fracking. fracking is energy. that's what they do now, fracking. and you've got a million jobs that are energy. their energy costs would triple if they didn't do fracking. the energy costs in our country would quadruple if we didn't frack. so he goes around bragging to
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liberal democrats and the radical left, there'll be no fracking. then he gets on a stage in a more normal time with people that are normal, like us, that have to have fracking -- we're energy independent now because of fracking. oh, yes, i'll frack. maria: this was one of your key themes in terms of turning the economy around. you opened up the spigot on energy along with -- >> totally. we're totally energy independent. maria: it's -- and but biden said he's going to reverse your tax cut plan, mr. president. that means raising taxes on everybody. >> substantially. maria: your tax cuts moved the needle. what else do you want to do in terms of tax cuts in a second term? do you want to -- >> we're cutting middle income taxes. maria: uh-huh, or go ahead. >> we're cutting middle income taxes substantially. they know that. we're -- that's what made this thing successful. between that and the regulation cuts. he's going to put all the regulations back on. it's going to take you 20 years to build a highway. i took it down from 19 years to
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probably 1 by the time i totally finish it. and, by the way, if it doesn't work, it's going to get reject for environmental or safety reasons. but he's going to put 'em back. it was taking you 20 years to get a road approved. 20 years to get a road. think of it, you start as a young man. by the time you're a middle-aged man, they haven't approved it. you couldn't get anything approved. you couldn't get plants approved, energy approved, you couldn't get anything, it was so crazy. i showed you that list of things that you had to go through to get a permit in this country for a simple factory. maria: yes. >> it was 30 feet high. i've taken it down to a year from it could be 20 years, it could be 15, it could be 12. it was massive. and what that would do, it would stop everything. i think that was, frankly, a bigger thing than even the tax cuts. but he wants to end our tax cuts. two things will happen. we won't have any jobs. all of the companies that are pouring into our country -- of which there are many, especially
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car companies from japan and germany and other places -- they're going to go back. if you do that, they're going to go back because our taxes were so onerous. and our regulations were so onerous. and even if they wanted to come, i have many car companies coming into this country. you know, when i was, when i first started, we hadn't had a car company come in in many years. this country was off bounds. now they're taking advantage of it. they make the cars in japan, germany, china, and they'd sell it in our country, we wouldn't charge. we'd have a maximum of $2% tariff, but we wouldn't even charge them that. and i saved the chicken tax on the truck with south korea. they were going to wipe out the chicken tax. if it wasn't for me, that tax would be nothing right now. it's the only thing they make money on because they can't compete. maria: news this week of china blocking out part of the vice presidential debate in china. when we come back, the president pulls no punches on china and the trade war and its role in
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the trade war and its role in before discovering nexium 24hr to treat her frequent heartburn, marie could only imagine enjoying freshly squeezed orange juice. now no fruit is forbidden. nexium 24hr stops acid before it starts for all-day, all-night protection. can you imagine 24 hours without heartburn? ♪ you may not expect the unexpected, but you can certainly take it all. the lexus es. wow, this rain is bananas. now available with awd. lease the 2021 es 250 awd for $359 a month for 36 months. experience amazing. at your lexus dealer.
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♪ ♪ maria: welcome back. in this final part of my interview with president trump, i get his take on if he'll be able to fill the supreme court vacancy and his playbook on bringing the economy back. we started a off, though, with china and china's role in the covid-19 pandemic. take a look. >> the deficit was coming way down with china for the first time in 30 years. way, way down with china. i was taking in billions of dollars. i took in $28 billion. i gave the money to the farmers because the farmers were targeted by china as a way to get me to negotiate. i said, no, instead of that -- and that's why other presidents, a more normal type president like a sleepy joe type, china
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ripped them off for years and years. i said to china, listen, you want to play games, so what they do, listen, if you don't give us everything you want, we're not going to buy any corn, and we're not going to buy soybean is the and beef. i said, that's okay, don't buy it. i said, look, we've got to play a game with these people, but i'm going to put tariffs on you. nobody even heard of tariffs, nobody. in fact, when i first started doing it, they didn't even know what it meant. maria: what about the economy, mr. president? how are you going to get back to the boom times that we were in before covid arrived? you had an unemployment rate of 3.5%, the lowest that anybody has seen in some portions of the country. are you going to use the same playbook to get us back? give us -- >> yeah, we are. maria: -- the tools you'll use in a second term. >> yeah, we are. well, i'm going to use tariffs on china. i was going to tell you that we get $28 billion because our farmers, that's what they got targeted for. i gave all of the money to the farmer.
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we had tens of billions left over which goes into the treasury. china was getting killed. we were building -- don't forget, you've been a great reporter for a long time. the year 2019 china, if you go back ten years, 2019 china takes us over as the largest economy on earth. well, prior to this plague coming in -- and still, by the way, but prior to the plague coming in, china was doing lousy compared to us. we were upping them. we were getting bigger and bigger compared to them, and we were doing great. we were way ahead of china. china was never going to catch us if we had a smart guy as president. and the tariffs were pouring in, billions of dollars. then i made the trade deal, and it was a really big deal. they broke it, if you remember, at the last minute, with two days left. they said we can't agree to this, you know, the opening up of china and all the things. so i broke off the deal. then they came back, and i made a partial -- there was a deal, a good deal for manufacturers, farmers, you know, etc. it was more of a -- it was
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modest, but it was still a massive deal. not as big as usmca, by the way, if you can believe that. maria: uh-huh, right, right. >> but i made a great deal with china. two weeks ago they made the largest order of corn in history, the largest order of soybeans in history because they want to keep me happy because they know that i'm a hair trigger e when it comes to them, and i'm sick of them. everything that we have, we have that covid, the china virus because of them. you look back at other, other infections that we've gotten because of them, this isn't the first time. and, by the way, the n1 -- h1h1n1 that he always calls it n1h1, the swine flu which is h1n1, we tried to tell him, every time i have to correct him on that, but that big deal. if you look at that, he did a horrible job of running it. it was a joke. his own person, ron, said he
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didn't know what he was doing. it was a horror show. he couldn't run it. if he ran this, you would have had 2.2 million deaths as opposed to over 200,000. and one is too many, because it was china's fault. remember the original projection, maria, was 2.2 million people will die if it's not handled properly. maria: that's right. [inaudible conversations] maria: in america, yeah. you have so much that you're dealing with, and now you want to get your next supreme court justice confirmed before the election. do you still feel that you can do that and confirmupmy coney barrett -- amy coney barrett in the next 25 days? >> if we don't, it's the republicans' fault because there's no reason why not. look, i'm president, and it's happened 29 times. she made another mistake last night, what she said about lincoln. she was wrong on that. you know, they say things.
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they say we're not going to do this, and they're going to do it. i've never seen such liars. they're worse than crooked hillary. she was worse in other ways. she deleted 33,000 e-mails illegal ily, and she should be indicted for that. if people delete e-mails in a regular court case, she deleted 33,000 e-mails, and nothing happens to her. maria: my thanks to president donald j. trump. don't go anywhere, more "wall street" right after this. ♪ when we started carvana, they told us
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that selling cars 100% online wouldn't work. but we went to work. building an experience that lets you shop over 17,000 cars from home. creating a coast to coast network to deliver your car as soon as tomorrow. recruiting an army of customer advocates to make your experience incredible. and putting you in control of the whole thing with powerful technology.
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hey, gran, watcha up to? i'm getting ready to stand in line and vote. but the election isn't for weeks, why are you packing now? well i heard the lines are going to be really long and i'm just preparing. well, what if i told you i was actually getting ready to vote too? wait, how? where's your face mask and sanitizer? i'm on the u.s. vote foundation website requesting my vote-at-home ballot,
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that's how. and when it arrives, i'll fill it out, take it to the mailbox or drop box, and my ballot is cast! let me show you how. [male narrator] skip the line! request your vote-by-mail ballot from us vote foundation today. more welcome back. coming up next weekend on the program, don't miss it, "wall street," 9 p.m. eastern friday nights. whole foods cofounder and ceo john mackey will be my special guest, he'll tell us what he is seeing during this pandemic. sunday morning, "sunday morning futures on the fox news channel, i speak with south carolina senator lindsey graham, former acting director of national intelligence, ric grenell, my special guests. 10 a.m. eastern live on fox news. start smart every weekday on fox
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business, 6-9 a.m. eastern for "mornings with maria" right here on fox business. set your day with us and start your day right here. that'll do it for us for this weekend. have a great e rest of the weekend, everyone. i'll see you next time. ♪ ♪ gerri: welcome to "the wall street journal at large". the media spent much of the week trying not very hard to have hide their dismay at president trump's apparently, so far at least, rapid recovery from the coronavirus. when he got ill with the virus last week, he was instantly condemned for his own recklessness in contracting covid and possibly exposing others. catching the virus was some kind of karmic justice, and he had to answer for it. many supposedly reputable media doctors, all those people you see in whi
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