>> those of you who remember, my firm is cantor fitzgerald. located on the 101st 105th floor of the world trade center. i lost my brother gary, my best friend, 650 eight people that day. so i understand what it means to have jihad, right? there's a big difference between jihad and wonderful workers in michigan. they are not the same thing. we need to crush jihad from this earth, and we need donald j. trump to do it. [applause] my friend the president said the other day that tariffs are his favorite word in the dictionary. mr. trump: i heard that. >> what people should understand -- what happens when bill clinton left office, he did nafta, which is another word to say "gut michigan." he let all the work go to mexico, and he opened the door, and a different kind of border open. it was a work border opening, so the tariff model is pretty simple. lock that door. bring it back here. bring the jobs here, bring the factories here, so here is an idea for you that we talked about. send significant tariffs out there, and if you open your factories here

i'm glad to be joined by the cochair of the trump transition team was also the ceo of cantor fitzgeraldwn on wall street. thanks for joining. what did you think of the debate and can it move the needle given the fact that it is the running mates, not the top of the ticket? >> i like that tim walz just kept agreeing with jd vance, for a while i thought maybe he would vote for him. [laughter] jd vance was clear. he made his policies clear. he cares about the working the workforce and the working of america and i think that is what he came through and he basically said it over and over, i understand that because that is who i am, it is where i came from and kamala harris hasn't done it yet, why is she coming up with these ideas now why did she go visit the border this week why didn't she visit the border when she became the borders are, do you remember when she became the borders are -- border czar? >> her job was to get to the root causes of migration. some people called the border czar. >> like go to this city and our housing -- our city and we will get a view free housing so you can't o

cantor fitzgerald's healthcare conference, you have young companies who are curing anything but that0 million to get it going, that's a $2,200,000,000 valuation. we owe the government $50 million, 25% unrealized capital gain. can't raise the money. you will literally kill the venture capital business, you will literally kill the innovation business in america. maria: yep, ryan, your thoughts? >> it's preaching to the occur. choir. we're all feeling the regulations, not just big companies. smaller businesses, it's worse. we don't have funding for the lawyers and fines that get doled out. that's the sad part is small businesses that employ 50% of americans is really hurting the most in this situation and i think this is a big, big problem and i can tell you anecdotally, most of my friends are business owners. they certainly are not voting harris. because it just looks like it's really just a tax -- the regulation is just an additional tax on business already and i just love the fact elon musk gets in there and works on the deficit, this doj concept is amazing to me. if anyone can cut c

[applause] and so they rebuilt cantor fitzgerald into something bigger than it was, which was pretty hard to do. there are a lot of people who love this guy. he is a special guy. a real business talent. he is in charge of that whole business process, which is a very important process. it explodes every time you are about to make an important point. it's ok. normally i would say don't pay the guy, and then they would say trump doesn't want to pay, and it's one of those things, but i just want to thank you for doing a great job. you really have. we'll get on, and perhaps we can ask, how we doing? >> good. thanks for having me. i'm a lebanese american muslim entrepreneur. i am a psychologist and holistic wellness practitioner. mr. trump: good. >> i own a wellness center in dearborn, michigan, and i'm not really here to talk about the economy because with that regard, i have other faith in you. you are golden to me. -- i have utter faith in you. [applause] what i am here is to discuss the health crisis, and it is exactly that. it's really a crisis in the country. we are the sickest popul

larry: boom right there, nailed it joining us howard lutnick, ceo of cantor fitzgerald.ant to make a balance budget a priority. >> we can do it. there are two ways, you partner with elon musk, department of government efficiency, he is expecting to be able to cut 750 billion a year out of our waste, think. we waste on 6.5 trillion dollars, we waste so much money. it is inconceivable. one fundy one, department of the interior. has tons of office space, each hove office has to be one day a horse ride from the next. you can't make it stuff up. larry: very good. yeah. elon musk, you are not creating a new department he will be major adviser, bringing in businessmen to sit and brain storm then i presume you will implement with through the -- >> omb and gsa and procurement differently, and budget process differently, wwe'll cut waste, then revenue, think of the united states of america, we a 6 by. >> we over spend by 2 trillion, we have a gdp, total sales in america, everything. just under 29 trillion, and debt surplus 36 trillion, sounds like we're going to hell, asset value

to be treasury secretary, you know, just picking an example, you would have to sell a lot of cantor fitzgeraldnt it doesn't supply? >> as paulson did. you put it in a trust or a mutual fund that's considered acceptable, in other words you're not trading in and out of certain stocks. with the exception of the vice president and president, everyone else has to adhere. even when it was a blind trust, it was 20/20 vision, because he knew exactly what was in it. so, in this kay, you know, he isn't said here's my plan if i become president with this asset. he hasn't said, but he doesn't have to. >> do we know -- this is all about the truth social. is that the only holding in djt? >> yes. >> do we know any of its financial met prediction? >> yes, there aren't many, basically revenue of less than $2 milan losses in about $16 million in losses the last quarter it's valued by the same as x. you consider the number of users and the length of businesses -- so yesterday, they were both down about $10 billion in valuation yesterday. >> i wonder how elon music feels about that? >> i don't think he cares. he

so that is a concern particularly a concern pot potentially here for cantor fitzgerald who has a businessa statement from the company in "the wall street journal" reporting they say, to suggest tether is involved in sidestepping sanctions is outrageous. we work actively with u.s. and international law enforcement to combat illicit activity as we've publicly demonstrated many times, and guys, "the wall street journal" offering some context which is that this investigation in the manhattan u.s. attorney's office, the prosecutor's office has been going on for some time now, possibly several years so not clear how soon they might get to a resolution of that investigation, but that story popping within about the past 15 minutes back over to you. >> thank you so much >>> coming up, the dow on pace for five straight down days, the nasdaq however, is on a tear we've got amazon, apple, alphabet, meta, some big chip players on deck to report next week we will lay out the trade and what to expect next. it all started with a small business idea. it's a pillow with a speaker in it! that's right craig.

and then howard lutnick, ceo of cantor fitzgerald, he will be in the spin room at the debate tonight.he economy, walz and harris are. top of the hour.ging ♪tor] ♪ you have... the fearless investor. the type a cpa. the bootstrapper. the bootmaker. yeehaw [narrator] but many do have something in common. we all trust schwab with our wealth. [narrator] thanks to our award-winning service, low costs and transparent advice. every day, over a million multi-millionares trust schwab with more than two trillion dollars of their wealth. the moment i met him i knew he was my soulmate. "soulmates." soulmate! [giggles] why do you need me? [laughs sarcastically] but then we switched to t-mobile 5g home internet. and now his attention is spent elsewhere. but i'm thinking of her the whole time. that's so much worse. why is that thing in bed with you? this is where it gets the best signal from the cell tower! i've tried everywhere else in the house! there's always a new excuse. well if we got xfinity you wouldn't have to mess around with the connection. therapy's tough, huh? -mmm. it's like a lot about

tonight is the co-chair of the trump-vance transition team and the ceo of the investment firm, cantor fitzgerald, howard lutnick it's great to have you here. i imagined you are quite busy as of this moment because you're basically planning for you don't know what's going to happen in this moment. there's a technical process here where you're meeting with the other teams in these it's federal transition planners. you're assigned memorandums of understanding these kinds of ethics agreements that unlock access to national security secrets are millions of dollars. the trump team has not yet done so. why not? >> well, the lawyers are sort of working on the details because the biden administration has sort of thrown in a couple of little citing extra words and paragraphs into it that the lawyers hadn't expected, but they're working through it and i'm sure i'm sure they'll sorted out. so that's just way below way below the things that are important. and we'll sort that out, but we don't need the money. obviously, it's not the money issues, so we can save the taxpayer some money. we're able to raised pl

he's the ceo of cantor fitzgerald gerald, but he's the person on the trump transition team who is basicallyading everything when it comes to personnel wolf. so he's lining up potential candidates for big jobs, senior roles inside the west wing, but also cabinet positions. and so listening to him talk there about how easily persuaded he was by rfk's views on vaccines in that embracing them, even though obviously, as i noted to him in that interview, what he was saying is just simply not true and vaccines are safe and proven to be effective and rigorously tested. before they're approved for people to actually get them. it just shows wolf how that two-and-a-half-hour meeting that he had with him, how how he persuade howard lutnick to see his side of things and i think what it says is that when you're looking at what a second trump term is going to be, trump has been spelling it out for us. just how much influence will like an rfk jr. could have. now, lutnick denied to me that he is going to be the secretary of health and human services. there's a lot of doubt over whether or not rfk jr. could

here's cantor fitzgerald, ceo howard lutnick to explain. tariffs are an amazing tool by the president to use it as a bargaining chip. we can't sell a ford or gm in europe. you go to europe, you can't sell a ford to gm. why? there's 100% tariffs. how about in japan 100% tariffs. so do you think if we said we're going to tariff you the way you tariff us, do you think they're going to allow mercedes and all these japanese companies and porsches and bmws to all of a sudden have 100% tariffs in america of course not. they're going to come in and negotiate and their tariffs are going to come down. o'leary ventures chairman and shark tank investor kevin o'leary now, kevin, are you a tariff man? i am actually, in the case of china, i don't like tariffs generally, but china, we're in an economic war with 100%. that's the case. they don't play by a level playing field. i do business there. so this is not an academic study i'm talking about. i've been screwed by the chinese now for 20 years. i'm just one investor, one player there. they don't allow yo

cantor fitzgerald, ceo and trump transition co-chair howard lutnick is here. all right, howard, if trump wins, i'm going to have to go to thanksgiving, and i'm going to have to hear from liberal family members the tariffs. the tariffs are a tax hike. they're going to kill us. what do i say to them? okay. the united states of america started with tariffs and we were the richest country in the world. and we didn't have an income tax richest country in the world. we didn't have an income tax. then world war one comes and we're trying to figure out how do we just destroyed the rest of the world, how do we rebuild them so they make a genius move. we drop the tariffs so other countries can come and sell in here. and we tax americans. and that is the big turn right then and there. so we let the rest of the world rebuild. then world war two comes. so what do we do? the marshall plan that helps germany rebuild. we don't. we let japan put huge tariffs on us and we put no tariffs on them. why they use the power of the american economy to rebuild japan. then we have the k

my company's called cantor fitzgerald.yle to his first day of kindergarten that morning. 23 years ago. i lost 658 of my friends and leagues. i had 960 who worked in new york that day we lost 658 people. and we rebuilt the company to take care of the families of those that i lost. so we took care of those families. each of my employees, they took 25% of their salaries and they gave it to the families of the people we lost because that's what new yorkers do and we gave those families $180 million. so the first thing we must elect donald j. trump president because we must crush jihad! [cheers and applause] i love this city. i love this city. donald trump loves this city no matter how crappy they treat him. he is back because he loves you and he loves this city. we all say make america great again. but let's just go over for a minute what that means because we all say that as a slogan. when was america great? at the turn of the century, our economy was rocking. this is 25 years -- 125 years ago. we had no income tax. and all w

joining me now is howard lutnick, co—chair of the trump—vance transition team and ceo of cantor fitzgeraldg with us on bbc news-_ how - thanks for being with us on bbc news._ how is l thanks for being with us on bbc| news._ how is jd news. fun to be here. how is jd vance? you've _ news. fun to be here. how is jd vance? you've been _ news. fun to be here. how is jd vance? you've been with - news. fun to be here. how is jd vance? you've been with him i vance? you've been with him over the weekend preparing him for tonight. over the weekend preparing him fortonight. he over the weekend preparing him for tonight-— for tonight. he is 'ust a really i for tonight. he is 'ust a really, really h for tonight. he isjust a really, really smart - for tonight. he isjust a - really, really smart fellow. remember, he drove himself at yale law school. we didn't have parents watching him, not sending his grades home, so he's driven by himself and you will see an incredibly smart person tonight and very impressive.— person tonight and very impressive. person tonight and very imressive. , , ., impressive. giv