taking on larry king according to several ports recent gyrations in the stock market a rise in the interest rates and general motors plan to close several of the american manufacturing plants and lay off thousands of workers have president trump rattled about the impact that these will have on the economy from present parent leaks west a willingness to compromise was china when he meets privately with that country's president later this week following the g. twenty summit in argentina what happens if compromise is reached and what impact will that have on the u.s. economy if the two leaders walk away without some sort of new agreement on trade let's talk about that with neil gross of. these commentators he's the managing partner of t.k. n.-g.

global investment funds joins us from new york ok neal what do you expect to happen with the president of china and the president of the united states. first of hi larry how are you. i would i would not expect an awful lot in terms of an agreement at this meeting the question i think is going to be whether they come away expressing a willingness to conduct negotiations to try and reach a compromise over the next number of months and if that sort of understanding is reached whether or the president will be willing to the layer or moderate some of his threats to impose more say more more tariffs or higher tariffs on what is already existing is saying a negotiation to negotiate i think that's pretty much the best you're going to expect i don't think the president and i would states and the president of china are going to sit and get into detail negotiations at this go around they may have

they may. agree to a nice framework and you know target that some of the issues that the trump administration feels are essential but i don't think anything's going to come away with any sort of solid agreement at this time trump comes out of a lot of the meetings with what he says are agreements and everything's great and then nothing happens you know that seems to be if a fairly standard process. you know again i think there is an element of making this look positive i think that the president is very focused on the stock market and i think you understands that. a real negative outcome would probably be detrimental to the market at this time i should the president big concerned about a bird track to trade war with china. should be concerned i mean it depends laurie i mean. i think the president on it states is is is is focusing on issues

that have been ignored and need to be addressed. and if he's trying to find compromises that are beneficial to the united states in terms of trade in terms of access to chinese markets in terms of limiting. the theft of intellectual property in terms of making the landscape equal to investment in china in investment here he may be willing and need to take a harder line as he seems to done so far will he be willing to take the negative consequences that are likely to come in the short intermediate term as a as a different question i mean i think the outcome of the last election may raise concern about what happens in two thousand and twenty and if his prime if his priority is reelection that may adjust his his his approach but if if he feels that it is essential. to. change to change the landscape in

a way that balances the playing field for united states he may be willing to really take a hard line and deal with the negative consequences of that what do you think of his trade policies in general. i am not sure how coherent they have been and i'm not sure in the broader scale. that. the way that he pictures them as nearly as successful or have been they've been less successful than he he makes them seen i see the you know the trade accords with mexico and canada as being ok but i don't see significant impacts. or significant changes you can see that that you've had some of these issues like general motors and some of the car companies have had to back off and you know g.m. is now closing plants in this country i don't see much impact in a positive sense for example and things like aluminum and steel so. i'm not sure

where this is going and i must admit one of the things i think the president seems very transactional as opposed to strategic to me so i'm not sure what the overriding long term approach on a consistent way is is his anger at general motors justified. well if you're if you're that the c.e.o. on the board of general motors you're your primary focus should be on on the business of general motors and if you have. plants that aren't are not productive and money losing and you reach you decide that they have to be closed that's probably what you should do but you do understand that particularly with this president that you know he's going to challenge you because he thinks it's negative for what he's trying to accomplish you know on the broader scale spectrum of you know middle american jobs. and you saw that yesterday i mean you

know the g.m. announced the closures and fifteen minutes later there were tweets all over threatening general motors with you know. having certain subsidies for electric cars being rescinded and then what you know even broader. challenges to what's been provided you know on the other side it's hard to argue with the president when he said g.m. was basically insolvent in the crisis in the united states bailed them out. they did yes they did the federal reserve is expected to raise interest rates next month do you agree did they should the president dissolve langridge j.p.l. the federal reserve chairman what do you make of that whole imbroglio. from a traditionalist standpoint the president shouldn't be involving himself in the day to day machinations of federal reserve policy i'll be very surprised if the federal reserve does not raise rates in the summer something would really really have to

happen in a very on toward way for that to change the better question now going forward is going to be you know is the economy down shifting sufficiently to change or lower lower the trajectory of projected rate increases next year you know i think you and i discussed this last year larry you know i think the central bank was way too slow. both in terms of when they started to raise rates and the pace of this and i think you're seeing sort of the consequences of this sort of very very gradualist approach right now because they're very very late in the game you know i sort of liken it interesting liam you know if you remember when apollo thirteen and the explosion occurred on the way to the moon nasa didn't waste any time and because they were responding quickly only slight you know adjustments to the trajectory were necessary to allow the spacecraft you know to return to earth of the nasa had waited i think i think the policy team would probably be in collecting

space right now and i think you can apply the same sort of. approach to the american central banking they they really really were very slow and start in the process and they've been afraid of war afraid to take enough stuff so early on to have moderated what they needed to do. what do you make of the president saying that he regrets selecting jay powell as fed chairman. i just think that's part of the way donald trump conducts business i mean if he doesn't get exactly what he wants then he's angry at the at whoever he's appointed and you know look i mean i guess on the other side that's part of the game perks up thing you know an appointment under him but i don't understand why. you know if he can run the entire united states by himself he needs anybody i mean i think i think it's essential to put good people into positions and if you're a great manager you know you you trust them to do the job that you've appointed

them to do what is the interest. increasing the interest rate what does that do to the the bus driver in hialeah the average american what's the effect well i mean i think i don't think there is an average effect that mean i think that the there's a broad spectrum for example even if you're a bus driver if you're if you're a little bit older and you've managed to put savings away and you're getting paid interest on money you put away that's good if you're trying to buy a home. what the what higher interest rates tend to do is push prices down which is positive but put the push the cost of a mortgage the interest rate costs a bit higher if you have outstanding mortgage credit card debt i mean your cost goes up. raising rates as i think part of the reason for example oil prices have come under some pressure and that's a positive so i don't think that. there's any single effect that's easily

easy to point to in that in this country i think we've discussed as a while ago that i think having interest rates move up a bit which they have is actually providing income to the average american on a broad scale basis if you have savings and that includes older people american corporations for example took advantage. of of locking in long term interest rates . while rates were so low so the the net impact. of raising rates is probably muted on on them the us government which is the largest borrow or in the world as interest rates go up this will raise our deficit so i think there's a broad spectrum of. consequences to this i think the most important feature to from my perspective is is having a normal interest rate policy which makes people make real financial and economic decisions for themselves is a very healthy thing i think the distortions that the central bank. caused by

having zero rates and having quantitative. easing strategies as creates a minefield as we go forward in trying to unwind these these types of policies and make people to actually begin to think of acting on their own again term cities are going to force a government shutdown if he doesn't get a spending bill that includes five billion for the border wall. who gets hurt if we have another shutdown. well i think generically in the long run not too much because you have to remember larry even if you shut the government down what happens is essential workers continue to perform their duties including military and everyone was laid off basically i believe ends up with a free vacation because congress always reimburses american workers for for the.

income they would have lost they lost during during the shutdown and a broad scale in the short run of course that does have a negative effect on the us economy that and you know depends on how. you do so much always love talking with you thank you larry thank you for having me the blue to go panel weighs in when politicking continues after the break. aeroflot russian and lights. you know world of big partisan movies a lot and conspiracy it's time to wake up to dig deeper to hit the stories that

mainstream media refuses to tell more than ever we need to be smarter we need to stop slamming the door on the back and shouting past each other it's time for critical thinking it's time to fight for the middle for the truth the time is now we're watching closely watching the hawks. russian lines.

i mean i do find moscow on welker even even in the slightest and i never found a mechanic and i've been going this instance the late ninety's there is no doubt about the transformation of moscow and so far the city center and increasingly closer. to muster is an incredible achievement it's a it's one it's a very expensive it's even moscow has become at least in the center a muumuu sort of livable place to use this kind of jargon ultimately the long term effects of this of an improvement will take a will it will take a long time to be measured because every just beginning. about politicking threats of another government shutdown skirmishes along the u.s. southern border with immigrants seeking asylum in a divided congress soon to the sworn in come january lots to talk about with our political panel there joe pollack senior editor at large an in-house counsel at

breitbart news he's also co-author of how trump won the inside story of a revolution he's in. chattanooga tennessee brian joyce host of the brian joyce show on talk radio w g o w f have joe what do you make of the threat to shut down the government if the president doesn't get his wall. i say go for it i think it's something he should have done a long time ago now the political consequences are much lower there's no midterm election looming it's not going to cost the republicans seats and he's got to deliver on a campaign promise that he made to his core supporters so i say go for it. border security a wall along the border these are not bad ideas but i'll tell you what larry if we have to shut down the government to make this happen i don't want to hear anybody blaming democrats for this ok because donald trump his party has controlled all

three branches of government for two years now he's had the house he's had the senate if he wanted to get more border security he could get more border security if he wanted to get a wall if that's something that was actually going to happen he could have made that happen his party could have gotten that done you know if they want to do it you know what kind of party the republican party the republican party has failed to deliver on these fundamental promises that they made on the campaign trail and that's that you know that's not true right i mean you know that they needed sixty votes to get anything on this through the senate so it's not the case that republicans controlled the house he said the senate he's on the you know the rules without any well i've just heard this talking point i absolutely do so you understand how this will have to get sixty votes in the senate to pass a resolution i absolutely do and i absolutely understand that numbers right from the house where this is i mean it's a white house so if you want it done anything he wants you understand the democrats have to agree to something enough democrats not the party as a whole but you have to get enough democrats to support something to fund the wall

you understand that rights element absolutely i agree as to how he laid down that rip absolutely i you know everything and the republicans could have done everything i can there were to do that i didn't say that because if republicans were put it i can say that because of republicans were putting policies on the table that weren't even realistic they would easily clear that hurdle they create in fact the president out putting policies on the table that even republicans and so you've rich treated from your position so what you're now saying isn't that republican members. going from a story we just saw you do it you said republicans control up or something for that is controlled you want to admit that you do they do it also you do it they do what you're saying what you're saying is the liberal democrats want what you're saying is that there are things democrats won't accept that trump wants to do and that's why i was saying democrats that they were i am right saying that if the republican party even put proposals on the table that are realistic are democrats in charge so you call them religiously they trumpet our opposing party don't you know that he had four points and he said he would legalize one point eight million people that's

wrong people who hadn't actually status and the schumer pelosi democrats want i'm talking about they said this isn't yes i don't they are going to go all the ideals i'm answering that very hardest and that's partly also about a wall you want to talk about point all you want yes talk about it all larry look i've got it all so i won't heal well if i go for me all you want you're not going to succeed here iraq at all really on the ball or the iraq attacking or be all those race problems that god did not attack and his followers are actually is that you know if not lie as you know somebody told through the fact is that they are kratz had failures and those failed one on credit on my voting record and talking like you do that you can try to democratically all you got over there i will continue i will. say you have to do that is ok that you did not miss democrats are part of this problem you know i have admit that we are many democrats and part of this do we do it by party going on is that ok you don't admit that you know larry why do you bring people on your show who are not prepared to reason to talk to

people on the other side in a way that some kind of meaningful conclusion i could ask you the same question joel but lou won't admit the obvious that you wanted minute democrats have to be part of the solution to am i right. yes i already told you that yes or no if anything realist democrats have to be part of the solution as yes or no heads up this is dr interview it's larry's and yet your. guys hold a yes or no is what hold it here is reality no yes or no any i can tell if you want to answer he got on the dog or something that's here and they were we don't have it all because the republican like a baby all the democrats do democrats cry and he walks about it all you want you not democrat let's go to another topic hold on donald told reporters recently that what's happening along the southern border joe with the migrants attempting to enter the country is a win for republicans and a loss for democrats who agree with joe. i think it's a loss for the country i don't think anybody wins politically i think there are

left wing groups that like to bring these people tell them they can cross the border tell them they can show up apply for amnesty if they want to when they have a court date they can leave they don't have to turn up they just stay in the country indefinitely the hope is one day they'll be given amnesty and turned into democratic voters and i think it's good for the country and i think it's good for republicans i think democrats and like it when there's chaos at the border because it lets republican voters know that the things trump has tried to do haven't happened yet so they feel discouraged and in a sense it's bad for democrats too because democrats and the media told us that this wasn't going to happen that this was not an invasion these people just were looking for asylum they're persecuted oppressed none of that turns out to be true of course there were people who tried to break through the border most of these people are not not eligible for asylum they're economic migrants the trump administration said if you want to ply for asylum do it the proper way go to a port of entry apply properly show up at a border patrol station go through the legal process of applying for asylum they don't want to do that they try to jump the fence and i think it's better for the

country look again this is something democrats and republicans once agreed to do until democrats realized this could be a potent political issue for them and they've kept it on the boil kept on the boil but that's why democrats torpedoed every comprehends rubbish this one boehner said was a potent political issue for him right that's part of his positioning because he wants to show the democrats he's not afraid of whatever they're going to do on this but you know he's going to say something like that anyway but i think it's i think it's better for the country i think again democrats are part of the solution if they want to be there are not the problem. i think one of the clear distinction that needs to be made here and going back to what joel said about following the process of seeking asylum is that that's exactly what these asylum seekers are doing there's thousands of people in this care of it i think it's unfortunate that maybe a handful of them might have thrown a rock or a projectile i do not think that justifies firing tear gas that affects thousands of them the fact is joel just. emitted the only way to even apply for asylum in

this country is to reach a port of entry to get into the country either legally or illegally that's the way the law is written up and that's what this care of amos trying to do they understand what the law is personally i think it's a kind of silly law and if president trump wants to try to change that law wants to get congress to change that law i don't think that would be a bad idea but as it stands right now to gain asylum to apply for asylum and to achieve asylum in this country all you have to do is reach a port of entry or get into the country legally or illegally that's what they're trying to do i think it's a terrible shame that a handful of them have been acting out of order the vast majority of them have not they've been following the law do you understand brian that if you reach a port of entry you're not entering the country illegally you understand the difference between how you cross the border between a port of entry and not through port of entry do you understand what it states on the federal government's website about how to apply for asylum you need to get a port of entry device layer yourself and at that point it's our job to detain you

and eventually give you a hearing it's not our job under the law to tear gas you while the tear gas happened because people were attacking border patrol agents as they tried to cross that i understand and you know that obama administration used tear gas eighty times against people who were doing the yeah it was not the unfortunately it was not the same circumstance though they did not know at that time who was attacking our border it was not known weeks in advance that a caravan of asylum seekers was coming to this country it would have ended up in the original reporting by the san diego newspaper that these attackers were completely unknown immigrant rights groups said at the time they had no idea who these people wore or that they intended to throw rocks or any kind of projectiles at the border at that time in two thousand and thirteen when tear gas was used the obama administration was using tear gas against people whose motives were completely unknown that is not the case this time around these are well wait a minute people you know all of their motives. it's you know you think these

thousands of people are all asylum seekers that is to say they're fleeing religious and pull the best majority yes i already admitted that right is there's a handful that could be bad yeah why is it that when they're interview i don't think i see what i think that just hot eyes and hear gassing a thousand of them i don't know why you think that most of them would qualify for asylum when we have reporters talking to them why do you believe otherwise because whenever we talk about why do you believe other moving here for economic reasons they're moving here for a better job they're moving here moving here for asylum no but you don't understand the entire into about a community we recognize them know and yes i do wonder still but no not really you need to stop asking me how i understand audience because i do why is it you don't know what's the word you're twisting the meaning of the word assigned to cover a whole broad category of reasons people might want to come here when people have economic reasons for coming here or if people think their country has problems with law enforcement whatever what we have for that is called legal immigration you applying to come to this going yes i undergo on the border that's not asylum though

there's an entirely no current process for people who are seeking asylum a b. i'm a little jones who am i for asylum holo me on asylum aren't lee we can all figure that out and oh give them a hearing all i want tear gas all three of what you want is for them to go and hearings not show up and stand because you one day get amnesty and they'll vote democratic is that right or wrong all three of those so imogen's are in this isn't this a nation of immigrants my family immigrated that legally is my family immigrated legally did things the right way and the reason that we why is that funny illegal immigration is funny coming to tell you why that's body i tell you i'll tell you why that's funny because i'm first generous second generation irish and i'm third generation italian and as we all know the legal way of immigrating to this country one hundred years ago by modern day standards is illegal and i'll give you a great example my great grandfather on my italian side attack the. maiden name was paul you and when they came from italy ellis island screwed up their name put in an

n n l the name is peg link and that's the way it's been ever since this is a man who entered the united states with the wrong name we didn't even get his name right so it's a very what the that's a very interesting story i've heard legal way the legal talking with it never existed i elite i've been to the standards my family including me immigrated one thousand nine hundred seventy my wife immigrated ok and did this legally now i don't know what let me tell you why my family immigrated legally because the country we were leaving made illegality the rule of law and the reason we're here and not there is because we want a country that's governed by the rule of law what you're proposing to do is say i already don't matter what your saying is the laws don't matter we should just open our borders i never thought i was still no matter what i did i was taught how to talk the words of my mouth if their job done so far i never said that you can't distinguish between that if you cannot and refuse to distinguish between asylum as defined by law and asylum that we have heard as much about i didn't speak you hope

. the law governs your thoughts don't matter if you think i'm not actually going to get the law i'm not sure are going anywhere at all of that you are bending the rule of law if we can't protect our borders all your doing what was the last sic trump supporting him you are doing what a classic women argument you will not let me finish you la you are a liar you haven't a clue no words that i wrote that i you know are a liar because of the interview activewear every day why don't you conduct the interview because your act on the go ahead larry you know it joe. so i'm left with brian thank you so much i'm sorry joe had to leave but that's probably just to larry i always appreciate i always appreciate your time and i'm happy to join you any time thank you brian joyce and joel pollak early and thank you so much for your time and thank you listeners and viewers for joining us today on this edition of politicking remember you can. conversation on my facebook page

or tweet me and change things and don't forget use the politicking hash tag that's all for this edition. of russian airlines. you know world of big partisan movies a lot and conspiracy it's time to wake up to dig deeper to hit the stories that made stream media refuses to tell more than ever we need to be smarter we need to stop slamming the door on the bats and shouting past each other it's time for

critical thinking it's time to fight for the middle for the truth the time is now we're watching closely watching the hawks. of russian airlines.

producing a lot of oil and gas now or energy. as big as the russia and saudi arabia but as you're making there is that they're actually losing money. cancels a meeting with president putin scheduled for the g twenty summit in argentina over the recent. clash between russia and ukraine. movement in france and plans another series of rallies against president.