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tv   Cashin In  FOX News  August 5, 2017 8:30am-9:00am PDT

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>> a good stock and second honeymoon. david: e-mack. >> i would never invest in an airline. david: even in hawaii. >> no. david: she is a tough customer. have a great weekend, keep it here. >> a major search for three u.s. marines lost off the coast of australia when the osprey crashed on landing, we'll tell you what challenges the searchers are facing. >> plus, fallout, one day after jeff sessions vows more crackdowns on white house leakers. the washington insiders and the big media companies that benefit from the recent leaks. >> and message from the heartland as congress goes back home with no major legislative achievements. we'll check in with a missouri radio host to see if his listeners are getting impatient. ♪ >> welcome to america's news
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headquarters from washington. hope you're having a great saturday at home. i'm leland vittert. >> lots of news today. i'm elizabeth prann, thanks for joining us. 26 were on board, but three marines are still missing following a crash near australia. alison barber is in the studio with the latest on the search and rescue going on right now. >> we're in the middle of a frantic search off the east coast of australia. the osprey was involved in a crash 4 p.m. local time. the marine corps says the aircraft, quote, was conducting regularly scheduled operations when it entered the water. the mv-22 launched from a u.s. navy warship again off the coast of australia. officials say small boats and aircraft on the ship immediately responded to help in the search and rescue efforts. no word what led to this, but it comes just a few weeks after a marine corps cargo plane crashed in the mississippi delta killing 16. the u.s. is leading the search
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efforts, but australian defense minister says she spoke with the counterpart. and she says they'll help out anyway that is needed. >> and we have more breaking news so we'll have you on stand by. appreciate it. leland. >> attorney general jeff sessions is now going to crack down on government leakers, taking an aggressive and public stance on issues that infuriated president trump. at a news conference, sessions stressed that the point that no government can be effective when its members cannot speak in confidence, they referenced the bombshell transcripts between the president and world leaders, warning the offenders will be, quote, held accountable. sessions says the doj will review its policy on subpoenaing news organizations. >> from the department of justice does not discuss ongoing investigations or confirm matters and it's important for the american people and those who might think about leaking
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classified or sensitive information to know that criminals who illegally use their access to our most sensitive information to endanger our national security are, in fact, being investigated and will be prosecuted. one. things we are doing is reviewing policies affecting media subpoenas. we respect the important role that the press plays and will give them respect, but it is not unlimited. they cannot place lives at risk with impunity. we must the balance the press's role with protecting our national security. >> critics are cautioning a crackdown could limit press freedom. more on this throughout the show with a number of guests. the attorney saying active investigations into leaks have more than tripled under this administration. >> and president trump tweeting his support of general mcmaster last friday night saying him and his national security advisor
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are, quote, working very well together. after after mcmaster sent a letter to obama era predecessor susan rice that continues her security clearance. they say it's a pro forma letter required to be sent, many in the west wing and many conservatives are angered by the move. >> congress headed home for the august recess without much to show for their progress this year. they're home in their districts this weekend. big trump administration agenda items like health care and tax reform are still on the to-do list. who are republicans, their constituents, blaming for the slow progress? radio talk show host, john hancock, nice to see you on saturday morning, nice to see you. >> good to see you, leland. >> give us a sense here, when you're talking with folks in missouri, a state that president trump won, are they concerned about the slow progress. do they blame congress or blame the president?
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>> you've got different kinds of factions even within the republican party. a lot of the movement conservatives are nervous right now because nothing's getting done, seemingly. the folks that were donald trump people during the election, they're still donald trump people and i think that their frustration is largely with the congress failing to be able to do anything. i tell you if we don't, if the republicans don't deliver a repeal of obamacare, i'm personally scared what that could mean for turnout in november of 18. >> you're an old school capital r republican. we've known each other for a long time and you've been true to your values in that sense. are we seeing a change what it means to be republican? >> the coalition at that elected donald trump is unique in history and contained a lot of first time voters, contained a lot of people who had voted democrat in previous elections and a lot of folks that came out of the tea party wave in 2009
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and 2010 and old guard conservative movement republicans. in that sense, that coalition that won the election in november of 2016 is unique and i hope it holds together and i think it can, but republicans are going to have to put-- they're going to have to put some accomplishments on the table. >> one thing that the president is continuing to point to is the economy. james carville famously said in bill clinton's time of 1992, it's the economy, stupid. here is what the president is tweeting about the economy, consumers confidence is at a 16-year high. much more regulations to come and working on tax reform. excellent jobs numbers released and i've only just begun and movement back to usa, stock market at all-time high. unemployment down, i know, nationwide as it is in missouri. are we at a point where for a huge part of voters,a huge
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number of voters, it doesn't matter what's happening in washington so long as they're feeling good and their pocket book is full, they could care less. >> there's no question that a humming economy makes for good politics and i think the president is right. the numbers are good and the economy feels better. there's a tremendous amount of anticipation for tax cuts that are coming. i think the early signals of the administration are reducing the regulatory burden on american business has been helpful and all of these signs you see, whether it's consumer confidence or the stock market, unemployment rate. those are all things that weigh into the benefit of president donald trump. now, the republicans have got to deliver on health care, they've got to deliver on tax cuts and if those things happen, 2018 might just surprise a lot of people. >> let's just play this out and assume for the moment that he delivers on those two things and maybe republicans don't get everything they want, but the talking points are there for health care, and the economy
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continues to hum along. the wig wedge that democrats are trying to drive is on the russia issue. do folks in missouri really care about that or the voters who are going to go to the polls in 18 and vote for clare mccaskill the democratic senator or a republican candidate, do they really care whether donald trump talked to the russians or somebody in his campaign did? >> well, the trump haters certainly do, the folks that are just have the vitriol for donald trump, yeah, they're blowing that horn every day as loudly as they can. the rank and file voter in missouri, donald trump's numbers in missouri are north of 50. if you look at his job approval. so going into this election we've got a very weakened clare mccaskill, a very vulnerable democratic incumbent in a red state. >> interesting to note it's a vulnerable clare mccaskill, but ann wagner, stallwart republican, republican establishment and raised a ton of money from the republicans,
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she's not running because she's not donald trump enough for missouri voters. >> well, i think the reason for ann not running are really largely personal and family based and everybody says that, but in this case it happens to be true. >> okay, you don't think that the president has anything to do with it? >> no, i know ann, she made a good and right decision for herself and her family here. >> john, our viewers who are friends of this program would note your sidekick mike kelly from the democratic party from missouri is not with you today. not because we didn't ask. he's off golfing and we respect the decision. >> he spent all day yesterday criticizing the president for golfing and he's playing golf. >> it's saturday, give the guy a break. >> a beautiful day. >> you enjoy st. louis and we'll see you. >> thanks, leland. >> liz.
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>> and leaving washington for the summer break. and deals keeping the government running. the looming budget and tax hikes and what it means for your pocket book. plus, remember this face? martin shkreli and his day in court. what the jury decided and what it means for the very controversial ceo. >> this was a witch hunt of epic proportions and maybe they found one or two broom sticks, but at the end of the day, we've been acquitted of the most important charges.
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>> a day after being found guilty of three out of eight charges for defrauding his invests, the guy known as pharma bro, martin shkreli, shockingly not expressing any public remorse, facing up to 20 years for his crime. he has taken to youtube after the verdict, told he was quote, one of the richest new yorkers
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there is, and it's going to stay that way. prosecutors beg to differ, accusing him of lying to his clients and moving money around in a ponzi scheme. >> the work of our office and the fbi on this and in many other cases demonstrates our resolve to protect the investing public and our markets from fraud and abuse. >> my invests made three to five times their money without any aid of any settlement agreement, some made ten times or more than that of their original investment. leland: shkreli came to fame after spiking the price of a life-saving drug, as founder of his pharmaceutical company. >> as you know, the house and senate leaving a full plate as they trickle out for the august break. lawmakers are working on deals for tax reform and of course the budget and a showdown over the debt ceiling is waiting when both chambers return in the fall. for more insight, let's bring in committee stats director steve
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bell. steve, we depend on you to clear this up. i appreciate it first and foremost. and i want to get not only to tax reform, but the budget and ceiling. and lawmakers want better growth for the first quarter of 2018, the first or second quarter of 2018. what is the path to better growth? >> i think there are two paths. one, you need tax reform and probably in the form of tax cuts. and coming from a budget person, that sounds, oh, my goodness, you mean bigger deficits. i think we're in a position right now, we need to have tax cuts in order to get something over 2, 2 1/2% real growth. elizabeth: in fact, there have been a number of democrats that sent an olive branch out in the senate. listen, we're going to be on board as you know, if they want anything done with tax reform they probably need 60 votes not just the 50. >> that's right. elizabeth: they said they definitely want tax cuts, but they don't want tax cuts for a
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certain percentage of people. am i right? >> you're right. it's kind of the old rich, in this case, very rich. elizabeth: the 1%. >> this is the 1%. and what's tricky about that is that they have to make a rational deal. if the far left is going to dominate the discussion, you know, whether it's going to be elizabeth warren or whether it's going to be bernie sanders, then it's going to be very difficult so the main person may be chuck schumer. he's been pulled to the left. is he willing to take the 20 to 30 members of his caucus and move them to the center? if so, i think you can get a tax deal and i think it could be effective early in 2018. elizabeth: so, what if there is no tax deal? what if we see the same thing that happened with health care happen with tax reform? they don't have-- the debt ceiling has to be raised. that's not up for discussion and they have to come to a conclusion on a budget, am i right? >> right. elizabeth: so those--
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so if it doesn't, it if tax the doesn't happen you could see progress in those areas? >> you're going to get an increase, and the fight starts in september because you have to do it before the middle of october for sure. and you're going to do something with all of these appropriation bills and what we call continuing resolution, in other words, just spend at last year's level and we'll see what happens. but tax reform is important because there isn't really any other way to get the economy off of this very slow growth path right now. elizabeth: but tax reform hasn't been done in three decades, right. >> 31 years, you're precisely correct. elizabeth: down a little bit. >> precisely correct. two things are different this time than ten years ago, one, you've got both parties knowing we can't have that kind of slow growth. number two, you've got a very experienced staff, both in the senate finance committee and in the house ways and means
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committee and they have been working very hard over the last few years, whether it was former chairman dave camp, who left behind most of his staff, or whether it was, in this case, just the chairman, pardon me, who really are, i think, saying we need to get a tax bill done. elizabeth: so you're optimistic on tax reform? >> i am optimistic, for the first time bipartisan-- >> you do? >> and you're dealing with a budget person, normally i'm pessimistic, but i really believe. i think we ought to give credit to, and i know counter intuitive, is john mccain because when john mccain said, no, we're not going to do it this way i'm going to take a bullet for seven or eight of my colleagues in the party. lamar alexander and patty murray working on health care and i think we'll have a real
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bipartisanship on tax reform, i think the thing facing congress. elizabeth: we'll have you back in the fall. >> to see if i'm right or wrong? >> let's hope you're right and we could see legislative wins, but i think you have interesting predictions. steve, thank you for clearing up some of those nuances for us, we appreciate it. >> you bet. elizabeth: leland. leland: a look at a program that allows county to tap into federal immigration data. everything with the immigration debate. not everybody is happy about it. plus, what the white house is saying about the special council's investigation and the latest leaks. (male announcer) are you ready to take the scenic route? then you belong at bass pro shops for huge savings.
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>> indianapolis is remembering one of its finest this hour. hundreds turning out for the
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funeral of lieutenant aaron allen, who, as you remember, was shot 11 times by a crash victim he was trying to help. today, you can see the city is hosting his funeral. earlier, officers could be seen carrying his casket. a funeral procession is right now at the bankers life field house. they often pay respects at the funerals of office and military service members and outside the field house there were citizens lining up all throughout downtown indianapolis to pay their respects as the hearse passed. he leaves behind two children and a wife. leland: sanctuary cities, of course, have been at the center of the immigration debate for a long time. on monday, chicago mayor rahm emanuel will sue the federal government for funding cuts for sanctuary cities. and casey stegall will look at counties where law enforcement
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is not just helping the feds, but doing so voluntarily. >> inside any american jail the booking process for an inmate is practically identical. but if you think all of that information is shared, think again. >> these are law enforcement professionals trying to keep their communities safe. >> because immigration is enforced federally, local authorities cannot access the ice data base. that means there's no way to know whether someone they've got in custody is legal or not unless they physically call ice. >> i think it's important that we're able to be able to see all of those people. >> bill is the sheriff in texas, he alongside 17 of his fellow texas sheriffs have voluntarily enrolled in what's called the 287-g program. >> we can check the immigration status of folks that come into our jails. >> if they don't check out, immigration is called. counties say this will
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ultimately save them money because it will free up jail space and the program's cost is covered by the feds. some protested the law enforcement. and in part allowing police to ask someone's legal status. critics like houston police chief and dallas county sheriff believe it's already had a chilling effect. >> certain communities who reported crime before are not reporting it anymore. so, what is that saying to us? crime is being committed and nobody's taking care of it. >> according to ice, nearly 70 agencies are currently enrolled in this program, 19 of those here in texas. more than any other state. the latest from dallas, casey stegall, fox news. leland: thanks, casey. and this has major implications, of course, for the 2018 elections for president trump's promises about immigration reform.
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coming up, a fair and balanced debate on the trump administration policy that's rolled out still this week. liz. elizabeth: still ahead, the navy identified a sailor missing at sea. more about the chief engineer. and the first week on the job is it in the books. we'll take a look at law and order under john kelly in the west wing. mike and i are both veterans, both served in the navy. i do outrank my husband, not just being in the military, but at home. she thinks she's the boss. she only had me by one grade. we bought our first home together in 2010. his family had used another insurance product but i was like well i've had usaa for a while, why don't we call and check the rates? it was an instant savings and i should've changed a long time ago. there's no point in looking elsewhere really. we're the tenneys and we're usaa members for life. usaa. get your insurance quote today.
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>> not giving up hope. the search continues in the middle of the night this hour for three marines lost after their osprey crashes off the coast of australia. leland: plus, white house chief of staff, john kelly, marks one week on the job today. we'll talk to the former deputy assistant to president george w. bush how he's doing so far. elizabeth: investigators say this 23-year-old commuter expert is responsible for a malicious
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software that's designed to steal billions of bank dollars. we'll explain and tell you more about this story. ♪ welcome to america's news headquarters from washington, i'm elizabeth prann. leland: great to be with you. great to be with you at home, hope you're having a great saturday. i'm leland vittert. u.s. defense officials telling fox news, the search continues right now, nighttime in australia, overnight for three marines still missing when their osprey crashed off the east coast of australia. 23 have been safely recovered. the military calls this a mislap. appears as though the plane crashed while trying to land on an aircraft carrier. no other details about the incident have been provided. the event follows the crash of a marine corps cargo plane. as you might remember, it killed 16 last month.

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