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tv   Cashin In  FOX News  November 18, 2017 8:30am-9:00am PST

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to eat its lunch with its own production. david: thanks for watching. have a wonderful thanksgiving. heap is here, the number one business block continues with melissa francis and cashin' in. melissa: back from asia and president trump says america is back in business. japanese manufacturers, toyota and mazda, announced that they will be opening a new plant in the united states that will create 4,000 jobs. in china, we also announced 250 billion dollars worth in trade, investment deals that will create jobs in the united states. the united states, and vietnam recently announced $12 billion in commercial agreements, which will include $10 billion in u.s. content. melissa: huge deals, but you wouldn't know it from the mainstream media. why isn't it making a big deal about it.
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hi, i'm melissa francis and welcome to cashin' in. our grew, gary, gerry little list, and larry, $300 billion in new trade deals and you wouldn't know it from the mainstream media. why is that? >> let's face it, of course the main street stream media favors the bad news over good news. and one of the great promoters, like it or not, he's a natural born salesman and that's what the country needs, selling goods overseas to narrow the trade deficit. that's what he did. melissa: he's out there building relationships with other world leaders not something we've seen the past few administrations. a new york times professor showed the picture of the president shaking hands and others showing it, not too flattering. when you look at the actual
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video, they took the most unflattering second of a long handshake. i guess a picture is worth a thousand words or twisted words or fake news. this is the way the media works, and an old saying, you can't win for losing. what's going on here. the president can't win for losing. he goes over, he's not brandishing his twitter account and trying to be a diplomate and talking to our five most important allies in the region at a time when come jong un could drop a bomb, come on. . melissa: the headline, trump returns with few big wins. the biggest win based on his rhetoric campaign as well as this president, we're going to have bilateral trade agreements and not these multiple trade agreements like tpp. well, he's come home and he left
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11 nations gathering under tpp and that trade agreement, and did not have in his pocket any trade agreement with bilateral or otherwise, with any of those 11 countries. so, these deals are mou's. they are nonbinding. let's see if he can translate that into economic growth, as well as trade agreements because right now, we didn't drive that agenda or he didn't drive that agenda. it's the tpp participants who are going to drive trade in the future there. melissa: larry, do you buy into it. >> boeing, with orders for qualm qualcomm, that's what he was hired to do and there was barely a piece about this in the mainstream media headlines, it was all bad news. where is the good news about the
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growing u.s. economy and headlines and promoting world trade. melissa: gary, do you think that he's a weak negotiator, that he came home emptyhanded, no trade deals? >> 12 days, five countries, a lot of leaders. all a leader can do is set good conditions so countries can thrive. donald trump went over there and what did he get from them? he told them instead of us giving them a dollar and getting back 80 cents. he wants free and fair trade and put the game countries on notice and guess what that's going to do. they're going to defend their turf, we're going to defend ours and come closer. whether it's unilateral, bilateral, any lateral you want to take it, they're going to need us over there and he made sure they knew it and going forward i think it's nothing, but good as sometimes you've just got to be a little tougher and talk with a little more strength. melissa: yeah. >> and bring home a trade agreement, which he did not. okay? >> but why do we want to throw
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our lot in with all of these countries that have a weaker hand? as america, we have the most money, the most consumers. >> i'll tell you why. >> it would seem we would want to make our own deal. go ahead, gerri. >> at the end of the day, nobody expected him to break up tpp in this meeting. that really wasn't an expectation and that's what you're saying you thought should happen. >> not what i said. >> listen. >> gerri, not what i said. >> i want to share one criticism, i think is laughable, an academic said historyions will date this trip as a key moment in the decline of u.s. power. really? that is laughable. . melissa: david, go ahead. >> well, i'll say this. china, the members of the tpp that stayed in the tpp would like to have the u.s. as a counter balance to china and their presence, of course, in asia. well, they're now beholden to china and-- >> whose fault is that? how is that the u.s.'s fault?
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because they stayed in the stupid deal and we walked away because we have more power. >> it not a stupid deal. melissa: obviously for the sake of the other countries to help them? >> we don't have a deal in place of it, you know, we don't even have a bilateral. we didn't even pick off one or two of the 11 countries. >> what are you expecting. the first trip over there. melissa: hang on, gerri, is that the way-- >> donald trump. melissa: hang on, guys, guys! one at a time, stop, you've got to talk one at a time. gerri, go ahead-- gary, go ahead. >> back to the headlines, not one bit of credit for anything the man has done and look, i've got plenty of issues with him, but this was a big, big win. as i said, the two words, setting conditions. something the president does. he's supposed to defend the country militarily and economically and he put all of these countries on notice, and i don't care, as i said, bilateral, unilaterally, they're
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going to need us when all is said and done, the funny thing the left used to hate the big deals and love the big deals because trump went the other way. melissa: gary. >> it's a win for middle workers, the trade deals haven't benefitted in the country. workers have been disadvantaged for most of the trade deals in place. the last thing we need is a bad trade deal over there. we need someone selling our goods and products, selling our services, getting the brand out ap talking with a big stick and that's what happened and hopefully a change in momentum for middle class workers we have not seen under prior administrations, they've been disadvantaged by trade deals. melissa: true, but we love cheap stuff as well, go ahead, david. >> listen, it's not my words, these are president donald trump's words. i want bilateral agreement. okay? that's the agenda, why he went there in lieu of having participation in tpp. so, let's get it straight and cover it accurately. those are his words. i want bilateral agreement. melissa: gerri, i'll let you
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respond. go ahead. >> did we think it was going to happen right away? i think not. you're setting a standard way too high. >> that's his standard. >> here we go. all right, all right, we solved it. how is this for tax reform? it you don't have kids the going to public schools you don't pay taxes for kids for public schools. one lawmaker is pushing is, but could we afford to do it? next. ♪ we don't need no education ♪ ♪
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>> house members rushing out of town after finally passing tax reform this week. but a new tax proposal for a state lawmaker could have public teacher's unions rushing to the door like that. allowing households that don't have children in public schools to avoid paying taxes to fund public schools. gary, do you like this idea?
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>> why didn't i think of that? you know, imagine that you don't want to buy something because maybe the school is underperforming and you actually don't have to pay for it. what that will do is make schools start to compete with the schools doing well, which means they have to up their game, which means education ups its games, which means our future ups its game. i am absolutely all for it. i wish-- i want to meet this guy. melissa: the numbers are staggering. what we pay to support the school almost $12,500 per student. it seems like they're already overflowing with money, i don't know that the output bears out value. >> look, there's a done of bureaucracy in state and local government and education is really important and it should be a priority because it protects property value and promotes the work force of the
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future. we spend a ton of money on education. we spend as much or more than any other industrialized nation, but we don't have the results to show for it. we don't have the top of the list, we have the bottom of the list. we need accountability, we can move to a low tax state and opt out. melissa: you pars the current tax bill, if your taxes are high, you shouldn't be able to deduct it because your city is wasteful and people start talking about the cost of having children and having children in your district, if you don't have kids, why are you paying for the schools in your property taxes? >> well, welcome to society. look, i pay taxes as everybody here does, and the viewers do, and i haven't needed a fireman to put out a fire at my house bye i'm very happy if my neighbor's house catches fire they won't leave mine to burn
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because i didn't happen to pay my taxes. this is a lot larger than our kid ones, it's about community. melissa: okay. >> and a society that protects one another and educates that society and makes for a growing economy and thriving prosperity. melissa: okay, gerri the problem with that analsy as i look at it, you're not having your house burn down on purpose. you're having kids on purpose, maybe you should bear the cost of that? >> i don't know. i believe, look, at the end of the day, you know, you can't say i didn't use emergency services, therefore i'm not going to pay for it. >> right. >> you're a part of the community, you've got to kick in money. you've got a stake in it, too. even if you don't have kids, you have a stake at making education better. is education better locally? not really, i think it's got big, big problems. taking the money away and saying we're not going to support it at all. let me tell you what it tells you, i'll be done. it tells that taxes in
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california are way, way too high. >> and i agree with david 100%, that's a fox news alert. if you can change the incentives to schools have to do better, not that they can just dilly l dally and don't have good grades and have subpar teaching, be better like some of the other public schools that do great, everything gets lifted up and the most important thing is-- >> and i would agree with you, that's why you have charter schools that have done just that. melissa: why don't we take it one step further, larry? why don't we have school of choice. if you're able to choose the performing school that you want to, let the market work. if we're going to make people pay, they have some agency over where they're sending their kids. >> no doubt. you've got great teachers out there, but they're stuck in a broken system. if you could get the teachers to work in a system that's better
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for everyone. they're not delivering to the schools they need to deliver ap losing population to low tax states. maybe that's not the answer, but there's no evidence to suggest that high inefficient taxes are delivering goods and services. what about parents who live in a district where the goods are not good and choose to send their kids to private school and they have to pay for the bad school almost twice? >> and there-in lies the big issue, and there-in lies what needs to be fixed with education. you cannot continue to pay into things that are not working. let me be clear, there are a ton of great public schools out there, but there are a ton that are not working and guess what? those kids are being left behind, they have less of a clans to be successful than others, and everybody should have equality opportunity to be great and it starts without a doubt, with the families, but at the school level, also. >>. melissa: david, i'll give you
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the last word. we want to educate our kids and invest as a society and work force. if you live by a bad school and you don't want to go to it and how do you pay for it. >> you go to private school, and public and private school. i chose private school and got a scholarship 'cause i couldn't afford it on my own. or the family couldn't afford it. i still had to pay the taxes for when i got home, the schools that were in the district that i lived in. so, still, you know, that's the way it is. it's to build larger, better communities, more efficient communities, more educated communities. aside from you and what your school of choice may be. melissa: you don't build good communities by funding bad schools: and calling colin kaepernick citizen of the year. is roger goodell about to get the contract of the century?
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>> coming up, before the mad dash for holiday shopping begins, who here says buy one name to pay for your
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>> live from america's news headquarters, good saturday morning to you. i'm leland vittert in new york. honda announcing a massive recall this morning, pulling 900,000 mini-vans off the road because their back seats could tip forward if not properly latched. the recall covers the honda odyssey made since 2011. there are now reports of 46 minor injuries related to that issue. music lovers mourning the loss of a rock and roll legend. malcolm young, the co-founder
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and guitarist of ac/dc died at age 46 after losing a battle with dementia. he founded the band with his younger brother angus. i'm leland vittert. now, back to cashin' in. melissa: lots of you watching the nfl games tomorrow and looking to see if more players take a knee, even though some nfl teams can't fill the seats and it's happening as nfl commissioner roger goodell reportedly wants to fill his pockets with $50 million for his annual contract, and of course, lifetime use of a private jet. larry, what do you think? is he worth it? >> commissioner goodell has some nerve asking for obscene $50 million with less than a 50% approval rating among fans.
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and my kids could have run the nfl the last few years and done a better job than this guy is and i think if this were a publicly traded company the shareholders would vote him out of office. melissa: and they said the only thing that's true is that there's a regularly scheduled compensation meeting on monday, there's no basis for the other reporting. those trying to peddle that nonsense are informed or deliberately intending to mislead. gary, what do you think? >> since august of 2008 since goodele became commissioner is up. the wealth is up. and if he wants to ask for 50 million, he has that right. if he gets it, god bless him. leave no doubt there are have been a lot of things going wrong
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with the nfl. if i was an owner i'd put some incentives out there and not pay him that much and will let him earn it back, based on empty seats. capitalism wins. melissa: the value of the team has gone from 25 billion up to about $80 billion in 2017. so, that's huge. but if you look at the viewership on the other hand, that's down year over year, 2017, they have about 14.5 million viewers through week 10. back in 2016 same time last year they had a million more viewers. so, how do you analyze that. >> the nfl owners are behind the curve. they're looking over their shoulder at history and my valuelation is three times, i'm thrilled. what's going to happen in the future? you're starting to see people turn off the set. they don't want to watch, they don't like the politics on the field and that's going to be a problem. they have to look forward and goodell really needs to get some sense because people are going
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to be angry about the pay day and doesn't help ratings at all. melissa: david, quick, your thought on this? >> i agree with gerri. in addition to looking at past performance, forecasting future performance and those rating numbers are troubling. again, it's that criteria, plus others, that the nba owners-- excuse me the nfl owners and the committee are looking this over, they are going to factor all that in. we'll see. melissa: let the market work. coming up, before the mad dash for holiday shopping begins, someone here says buy one name to pay for all of your gift giving. i love it! they really appreciate the military family, and it really shows. we've got auto insurance, homeowners insurance. had an accident with a vehicle, i actually called usaa before we called the police. usaa was there hands-on very quick very prompt. i feel like we're being handled as people that actually have a genuine need.
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we're the webber family and we are usaa members for life. usaa, get your insurance quote today.
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but can also loweresterol, your body's natural coq10. qunol helps restore this heart-healthy nutrient with 3x better absorption. qunol has the #1 cardiologist recommended form of coq10 qunol, the better coq10. >> welcome back. time for fox on the spot. gerri let's start with you. >> i think that senators will get a earful of warning watch out tax reform. melissa: david, you have a prediction about taxes, too.
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>> it is that this tax cut goes down in flames in the senate. they made it a health care bill, adding repeal of individual mandate. we know that they're 0-2 at the plate on health care, they're going to go down with another strike and you're out. melissa: okay. gary, how about you? >> regardless whether they leave the mortgage deduction or not. the housing is doing well. lennar, and rates stay very, very low. melissa: wow, you don't think it's impacted by this bill. that's interesting. larry, how about you? >> 'tis the season for retailers and this stock is know he turkey. buy the retail index xrt, up 20% in a year and a great, happy holiday. melissa: wow, you think that people are going to come out and shop and crush it this holiday season, i love it. >> wal-mart great earnings and home depot is fighting back, the internet is not going to put everybody out of business. melissa: interesting, thank you so much, you guys. you were fantastic.
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thanks to our cashin' in crew and all of you for joining us. that will do it for the cost of freedom business block. i will see you on fbn weekdays 4 p.m. with david asman. have a great weekend. >> president trump has a brand new message to hillary clinton following her quote, worst and biggest loser of all time. and at the white house, what may have made him come out swinging this morning. >> plus, roy moore taking to twitter today. he's going after a high profile attorney of one of his sexual harassment accusers. we're going live to birmingham, alabama with more. >> and new allegations of harassment in hollywood, this time a mega producer and personality, ryan seacrest. ♪ >> hello, everyone, welcome to america's news headquarters from washington,

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