tv Cashin In FOX News November 4, 2017 8:30am-9:00am PDT
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throughout my career, i've been fortunate enough to travel to many interesting places. i've always wanted to create those experiences for others. with my advisor's help along the way, it's finally my turn to be the host. when you have the right financial advisor, life can be brilliant. ameriprise > > >> scars that are always going to be permanent and yet, he's going to be able to walk free. the balance scale seems to be
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not right. >> that was sergeant morita talking about the sentencing of bowe bergdahl sentenced to dishonorable discharge and the president called it a complete disgrace to our military and country. and retired four-star general jack keane, i don't know if you've heard the entire interview with sergeant morita, he lost some fin fingers and it impedes him and he's furious with the decision. >> i listened to the interview and his comments were compelling to be frank about it. and this is very painful for all of us.
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colonel jeffrey nance, the military judge in this case, i mean, he clearly, in my judgment, made just a terrible error here. and the ren is simply this, our audience will understand. there's a reason why our government permits the united states military to have its own justice system, it is completely separate from a civilian system. therefore, any crime, even one similar to what a civilian would commit is-- that person is processed inside the united states military justice system, where a jury, defense, prosecution and et cetera and obviously, judges. but the reason for it, the absolute crucial reason is because we have to have unit effectiveness. if you walk off your job, you're not going to be hauled into court for committing a crime in a civilian community, you're likely going to lose your job, i imagine, with no justification for it. but if you walk off your job in the military in a combat zone,
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that's desertion, and that strikes at the heart of military effectiveness. unit cohesion, and therefore, we consider that one of the most serious grievances that a soldier can ever, ever commit because if we tolerate that, that breaks down the very fabric of the united states military itself. and i'm absolutely astounded that this judge made the decision he made. yes, the enemy did punish sergeant bergdahl, that is true, and that is also because of his own reckless behavior that he got captured. but the united states military must punish bergdahl for that assault on the whole essence of what a military is. unit cohesion and unit effectiveness. he attacked that very essence of it and the fact that the judge, who is a colonel in the united states army, failed to stand up
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for that code that we consider to be inviolate, astounds me. david: by the way, the colonel's name is jeffrey nance. i'm wondering what do you think was going on? you can't get inside somebody else's head, but he did mention president trump's comments about bergdahl, suggesting there might be mitigating evidence involving those comments. did that play a role in his sentencing, such as it was? >> that could only play a role if it affected nance in the term that it was undue command influence, but nance had already said even before he was adjudicating the actual sentence that he was unpersuaded by any comments about sergeant bergdahl. he would confine his judgment to what takes place in his courtroom and certainly, you know, there were two soldiers that came into that courtroom that were severely wounded and one wife of a soldier who testified on his behalf who's
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completely paralyzed, who is unable to speak and evidently, none of that was persuasive. david: it's hard to believe that wasn't persuasive when you listen to one of those who can talk about it. we have he got to move on, very, very pertinent comments. thank you for being with us. appreciate it. now to the guy who shot usama bin laden, former navy seal rob o'neill. you have a personal connection to the bergdahl case? >> i do, my team was there when he deserted. we knew before he had the first cup of coffee over breakfast that he had walked off. and we had to change everything. and the general mentioned unit effectiveness. ours was to take high value individuals going from afghanistan into pakistan before the sun came up. we would hit them and save lives by killing improvised explosive
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device makers and that changed when he walked off and changed everything, and a close friend of mine was shot in the femoral artery on a rescue mission that shouldn't been happening and we-- >> not only did he endanger and actually lead to one of your unit's personnel getting injured, but he distracted you from killing the bad guys. >> and we don't know the intangibles, how many of the guys that we would have killed and captured got away and killed airmen or the war stopped for a month. six soldiers were killed between august and september of that time frame and the army was quick to dismiss it by saying, well, we don't know if this was necessarily because of what bergdahl did, they might not have been on the recovery effort, but they might have been, but killing doing stuff they normally wouldn't have done because we had to bring in the perimeter to get this guy back. david: unfair question probably, but what would you have sentenced him.
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bare minimum, 17 years and d dishonorable discharged. >> he got a dishonorable discharge, he's saying that candidate trump influenced and that the wife didn't influence, but he should have gotten a minimum of 17 years. david: we arranged you earlier this week to talk about the bin laden documents, a treasure trove of information. any surprises in what you see? >> what we're seeing right now, is the most transparent administration in the history of administrations, wasn't trance parent. 571 documents that turned into 470,000 documents and simply the-- they made it political is what i'm trying to say. david: politicalization. >> trying to say that al-qaeda was dismantled and isis was jv. they didn't want to talk about the relationship between
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eiranians and al-qaeda and bin laden called him the bloodline. david: what did you think when president obama, he never said it specifically, but his people said he killed bin laden. >> i've always given president obama and administration there for giving us the green light to go. he made the call, but as far as going up the stairs with one guy in front of me knowing we're dealing with suicide bombers, i didn't see hillary clinton or president obama, i sue brave people that threw open the doors and the seal team there, and i didn't see enough people getting credit and some took too much credit. david: how did the killing change the war on terror. >> the way it changed it, it proved to our enemies, no matter where you are we are going to find you and we do have the capabilities to come and get you. we've proven before and we will again. they're touting up the son of bin laden hopefully the new
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leader of al-qaeda. they know where he is and we know men and women will get him. david: you know this and our viewers, we incorrectly labeled isl islamabad as being in-- >> it's in pakistan. david: and some navy seals, there used to be a code that you wouldn't talk to anything that happened to you in a seal mission. do you feel at all that you've violated that code? >> no, because i think i read about that code in about 100 navy seal books that i read before i joined the navy. i'm not too concerned about that, the men, the seals with whom i served that i know don't have a problem with it. if anybody was on the mission with me and has an issue, i'll take that with less of a grain of salt. i'm at the point, i made a decision for a number of reason, the survivors, people that had family members that died in the towers, and you know, i wrote a book that was, by the way approved by the pentagon.
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first one with admissions in it, approved by everybody involved. and operator is a good story about you can do anything in this country as long you-- >> and there's a he request how much trust there is or lack of trust, i should say, on what some people call the deep state. and whether or not people have to come out now and say what really went on when the folks who were in charge of that information maybe keeping some of that information back. >> that's a really good point and i think it's important to get-- have america get some of the real stories of the people there. i interviewed, had my first chance to host a show yesterday. david: did a great job. >> i appreciate that. i interviewed shaun parnell and wrote "outlaw platoon", the men and women in the valleys who are fighting and no one hears about. the worst attacks since 9/11 in new york, from uzbekistan, and it's important for men and women to know, because we're not out
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there being imperialistic, we're defending the families and people who can't afford to mow their own lawns and they're fighting for the country. i'm sure when washington crossed the delaware to fight the hessians that we should-- >> i can't tell you how proud i am to have you here. >> i'm going home and work on politicalization. david: it's a tough one and doesn't come up in conversation. thank you. the new york city terror suspect may have been plotting a bigger attack. so did he have help with his evil plan? [vo] when it comes to investing,
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williams joins me now. good to see you, ted. do you believe that no one in his family had any idea he was radicalized? >> you know, i find that very difficult to believe, david. here is what we know. this guy came in on this-- ? this visa program in 2010. he was in the area, he got married in 2013. he has a wife and three kids living in patterson, new jersey. he started growing a beard, started doing a lot of things that you would think that if you saw something, you would say something. and i would have to believe, if he's in that household and talking back and forth, even on the internet, to isis, that his wife would have had to see some kind of a metamorphosis taking
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place with this guy. david: one would think so and people in the mosque, particularly the mosque under surveillance by the new york city police until 2014 when the a.c.l.u. and others closed down the surveillance program, that somebody there, may be many people there should be interviewed about his activities, right? >> absolutely, david. law enforcement now are backtracking and they're trying to establish a nexxis between him and other individuals who may have been radicalized in this country. david: let me stop you there, one of the things that's holding police back are officials in new york city and the state itself. we know that mayor deblasio publicly denounced the surveillance program that had certain affects in terms of some of the mosques. this particular mosque, it wasn't accidental that it was
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surveilled they didn't pick it out of a phone book. they picked it because there were suspicious characters going in and out and now the public officials are stopping that, that's a mistake, i think, don't you? >> it's a mistake this they were allowed to do that. but the federal government and the fbi even preempt state officials so i anticipate that the fbi is doing a deep scrub this have guy's background, david. david: all right, well, the brooklyn bridge. this came as a shock to me, i'm overjoyed that he wasn't able to do that, even though it was horrible what he did do. is that because the brooklyn bridge was a harder target? >> well, it was. the brooklyn bridge and those kind of targets are considered harder targets. self-targets are unfortunately, like that bike path, there are other soft target, i'm hoping and i know there will be a lot of security tomorrow, that you'll have thousands and thousands of people at the
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marathon, the new york marathon tomorrow, that's also a soft target and this is what is going on. you remember lindsey graham, the senator from south carolina has forewarned us over and over at that they were coming here. welsh we've seen the vehicle attacks in europe and now they're here and this unfortunately, i don't want to alarm people, but this is not going to be the last attack that we'll see of this nature in the united states. david: the marathon is 26.2 miles, it's a hell of a security job, but we have the finest out on the streets protecting the innocent. >> absolutely. david: ted williams, good to see you, my friend. appreciate it. a huge part of our economy is seeming to give the new tax plan a thumbs down. why? we break it down next. eed in ? then we found out how many years that money would last them. how long do you think we'll keep -- oooooohhh! you stopped! you're gonna leave me back here at year 9? how did this happen? it turned out, a lot of people fell short,
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>> so the president may be travelling, he may be jet lagged, but there's always time for a tweet. unemployment is down to 4.1% lowest in 17 years. 1.5 million new jobs created since i took off. stock market up 5.4 trillion dollars. so the president, does he have it right? is the economy doing spectacularly well? hadley heat manning and jonas max ferris. >> you can make stats prove anything you want. having said that, the economy does seem to be growing right now, no? >> well, that's right. and you're absolutely right. you can make statistics say anything. we do continue to have sort of a bifurcated economy, an economy where some wage earners are struggling to make ends meet, living paycheck to paycheck because their wages have stalled out. you can look at the economy through a variety of different lenses, but we can be optimistic
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and hope that this reduction in unemployment is a good sign. david: jonas, we have the tax plan pending. no telling what they'll do when they mark it up next week, no telling whether the senate's going to pass it. no telling a about a lot of things. but home builders are upset about this tax bill, why? >> because it starts to address an issue that they've been wanting to address for a long time, but is tough to address, which is the mortgage deduction interest and 1.1 million in mortgages was including heloc's and stuff and does encourage people to buy more house than they normally would and benefits home builders, more than anybody else. home depot stock went down when the news of this came out. the home builders are not the economy, they're a part of it, big part, a lot of jobs, commodities, et cetera. they're not like an apple or google, you can't tailor your tax package to one special interest group. it's not ideal for that specific
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industry, but there's other stuff that people would spend money on if they weren't encouraged by the tax code to put more money in a house than they normally would. for example, stocks, there are groups and industries that would benefit. david: jonas, a point much order, is this just new mortgages that we're talking about? >> yeah, they're not going to-- no one is going to take the guy who bought a $1 million house and say your mortgage, forget it, it's a serious problem. it's not enough that there will be some adjustment in prices at the high end of the market, not going to hurt everybody. the home owners are going doom and gloom and cause depression and that's exaggerated and-- >> harken back in 1986 when reagan's tax bill brought down the top rate to 28%, which was a wonderful top rate, in my opinion. but that original, in the-- that tax plan, they ended deductions, mortgage interest deductions for your second home. a lot of people said that '87 market crash, it was terrible on one day and then recovered
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quickly, they said it was predicated on that plan. they eventually changed it back to the way it was, so now you can deduct for as many homes as you want, but, is it likely that there could be repercussions from this, if it goes through? >> well, every change to the tax code, we all believe in greater simplicity, right, and principle, but every change to the tax code has a constituency behind it, in this case it's the real estate lobbyists, it's home builders and i've got to agree with jonas here, if there's any impact, it's going to be sort of a correction. it's a market distortion. and we all like to take the mortgage deduction, but the vast majority will not be affected by the change, a million, half a million for the cap. we have to look the a the slashing of the corporate rate from that and the net benefit is going to be positive. david: we can't forget bringing that money back. we just have about 30 seconds,
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but it's my contention, a lot of people say dump the whole deal because they're unhappy with a lot of parts of it. i'm not happy with a lot of it, but better than what we have now. what do you think in 30 seconds? >> there's no way hurting one group is going to be a net negative when you're talking about corporate tax rates going down which affect all earnings and the entire stock market. yes, there will be groups. the economy is strong you have in to handle taking on these issues which are hard. couldn't have done the thing with the mortgage interest and if you're doing the low unemployment situation, it's probably the best time to address some distortions in the tax code. david: quickly, is it going to improve or distort the economy, hadly, quickly? >> overall, the tax package is a thumbs up for the middle class and the economy as a whole. david: thank you very much. stay with us. we'll be right back. it's ok that everybody ignores me when i drive. it's fine, 'cause i get a safe driving bonus check every six months i'm accident-free. and i don't share it with mom. right, mom?
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hey ron! they're finally taking down that schwab billboard. oh, not so fast, carl. ♪ oh no. schwab, again? index investing for that low? that's three times less than fidelity... ...and four times less than vanguard. what's next, no minimums? ...no minimums. schwab has lowered the cost of investing again. introducing the lowest cost index funds in the industry with no minimums. i bet they're calling about the schwab news. schwab. a modern approach to wealth management. >> thank you so much for joining us today. we'll be back next week, by the way, in win hour, the president
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is set to leave honolulu for his first stop which is tokyo. it's going to be a long trip through asia. we've got it covered for you and, again, we'll see you back here next saturday. now, leland vittert and elizabeth prann. leland: president trump and the first lady just finishing up their trip to hawaii, a few minutes from now on the way to asia. we're live on the ground in honolulu and tokyo. elizabeth: the g.o.p. tax plan goes under the microscope. we'll tell you the winners and losers and whether they kept promises about reforming the tax code. leland: president trump is call for an investigation or hillary clinton's deal with the dnc. new details this morning. ♪
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