the former president agreed to give a lucrative speech to wretch firm cantor fitzgerald. mr. obama will be paid about $400,000 but many people are calling the former president's move hypocritical because in the past he has been very critical of wall street and the financial industry -- >> trevor: paperboi, paperboi, all about the paperboi! ( laughter ) obama's getting $400,000 to be a keynote speaker. we'll probably give a very important policy speech entitled "the four boats i'm gonna buy." ( laughter ) i know people say it weakens public trust when politicians

cantor fitzgerald. what do you make of it? >> it's interesting.ople will find it hypocritical that campaigned against wall street would accept their money. the post presidency and who cares in that regard, i'm sure that's how he thinks about it. >> neil: i was thinking under trump's rules, you can't do this pay for play thing after you leave for office. so if trump's rules went into effect right now, the president wouldn't be able to do this. but it is what it is. you know, you got to earn a dollar, right? what do you think? that's not just a dollar. that and a $60 plus million book deal what do you think? >> he's cashing out. >> he's dwarfing all former presidents even in inflation adjusted terms. so obviously he's popular figure. what do you think? >> he's obviously a popular figure and a historic man. the first african american president. we're talking about the conference that he had, the youth. he galvanized the youth in 08 and 2012. he was seen as a disrupter. he didn't wait in line and take word from nancy pelosi and those that supported hi

robin, it seems very hypocritical, you have to admit, one of his first paid gigs is cantor fitzgeraldi can appreciate that, he's doing what every president since reagan has done. reagan got a million dollars then two million. george w. bush got a whopping $15 million before his presidency. donald trump was paid three times what president obama is paid. this is a free market. my most ardent friends across the aisle, president obama's biggest critics agree this is a free market, he's got experience and expertise and getting paid rightfully, what the market will bear for his experience. frankly, i'm more concern with president trump not make good on his promise to drain the swamp. seems like he's filling up -- feeding the crocodiles with the goldman sachs appointees. i can't count them right now. >> okay, so let me ask you this, if at the end of the day, boyd, if you have him going out and making money, it does kind of sully his record when it came to wall street, which now our current president elected on the message is like i'm going to pull back all the regulations that the last presi

let's be clear he is speaking at a health care conference put out by cantor fitzgerald.'re not doing it so they can teach the average guy you how to find low cost insurance. ashley: right. >> their health care conference so cantor fitzgerald's bankers and traders make money on trading health care stocks or doing deals. that is why they want him there. they think he can provide insight to make them money. that is why they're paying him. ashley: okay. >> that is the other thing here. he is not just going there to be, to shake hands and say hello and kiss babies. he is there to help fat cat bankers make money. ashley: very people he railed against. >> i'm saying, the system he railed against. it is quite fascinating and pretty hip kate call. if he took 400 grand from the national air -- arrow gnat ticks association who cares. ashley: this story has a lost legs, won't go away. >> as long as they keep spelling fox business, citing us, keep going, free advertising. we need it. ashley: what is your speaking free if wall street wants you to come. >> 20 grand? ashley: that's a ba

have confirmed to the fox business network he he taking afy from one certain fat cat, that is cantor fitzgeraldat sources tell fox business network, former president obama, less than 100 days out of office agreed to a speaking engagement during cantor fitzgerald's health care conference in september. we understand he will be the keynote speaker, keynote speaker for the lunch. he will receive a fee of $400,000. now, we should point out -- liz: how does that compare with other presidents? >> that is in line with what hillary clinton got. i remember -- liz: she is not a former president. >> i have to check my math, but goldman sachs loved her. they were paying her 400 grand for ten minutes worth of talking and stuff like that. liz: president bush -- >> president bush -- liz: around the same,rivate jet flown? >> i do not know if he has a private jet flown into this. he probably does. when you agree to speaking engagements. my speaking fee is $20,000 and coach. but anyway. [laughter]. liz: not getting the plane, gaspo. >> in any event. this is a fascinating story. it will get a lot of pickup for sev

it was revealed yesterday obama will be paid $400,000 for the cantor fitzgerald wall street firm. quite the shift for the man who once said this. >> i did not run for office to be helping out a bunch of fat cat bankers on wall street. [laughter] >> tucker: but he left office in order to do that. is obama's the latest to become the party of the super rich. the obvious question, what can the former president possibly say, a, that we haven't heard and b, that is worth $400,000. >> i'm a former dnc adviser not current. >> tucker: well in spirit. >> thank you very much. when we judge president obama in terms of his record in wall street we should look to the policies he has passed and that is the wall street reform which is a key measure that reins in the abuses of wall street to make sure what happened to the economy never happens again. >> tucker: you fell right into my trap. i was going to wait to hit you with the facts until the end of the segment but here we go. under the president obama the dow jones average rose and that doesn't benefit everybody. the top 1% share of income rose

obama will get speaking to cantor fitzgerald in new york given the fact that he railed against the industryink? >> what did henry kissinger say? americans have no permanent enemies or friends, just interests? sometimes politics is that way as well. i'm a capitalist. anybody should have a right to make money -- >> neil: it concerned elizabeth warren and concerned bernie san sanders. >> if they were offered it, they'd probably take it. the reality is, they only sign the backs of checks. they don't know what it's like to sign the front. >> neil: so you think barack obama is getting too much heat over it? >> i do. >> neil: would you liked it better if he waited for a wall street speech? >> why? if wall treat wants -- >> neil: he called them fat cats. i thought it was bad. he could have called them calorie challenged. >> look, the push-back on obama is he focused on an agenda that was anti-wealth, anti-business. i speak about it in the 2012 election. so go to the capital markets and earn $400,000, i'd like to say this, mr. president. welcome to the club. >> neil: it's a free country. don peebles

cantor fitzgerald. president obama indeed is going to receive a check for $400,000. what they do is side stepped the hypocrisy issue. obama called wall street as fat cats and used them as political prop for class warfare. it was a concerted attack on wall street firms. without saying anything good or bad about wall street here, but let's be cheer. if you attack wall street, you say they're the center of evil, responsible for the financial crisis even though government played a role, guess what? you go around and take a $400,000 check for a speak. bill and hillary usually get $250,000 for a speak. people will raise the issue of hypocrisy. many people on the left, elizabeth warren, is not too happy about this. others are trying to tamp down the controversy. guess who weighed in just now on twitter? none other than perez hilton, the gossip columnist that said president obama should speak and make money from whomever and whatever he wants. god bless him. this is pretty interesting. it's taking on a life of its own on the left. let's be clear here. at fox business, we rep

cantor fitzgerald, i'm available tomorrow. >> i'll do it for 5,000. >> this is bad for public policy.> i said it was okay for hillary clinton -- to make money on speeches or bill clinton, for donald trump to make money as the executive producer of "the apprentice." do not stop people from trying to make money. that's the american way. >> the last time i check -- the last time i checked. >> when people see this example of someone taking this amount of money, the message they get is i want to get into -- >> it's okay to make money. >> they want to be president. united states. >> i want to get into public service to make lots of money. that is not right. >> jonathan, the last time i checked -- >> i'm not against capitalism but the free market. >> the last time i checked president obama did not go into the seminary and take a vow of poverty. this is absolutely okay for him to do. >> i'm over time, guys. i'm over time. >> they get plenty of money when they are ex-presidents, $200,000, health care that's cadillac. >> i wonder what elizabeth warren has to say about it. that's what i want to

as, you know, high-level, you know, considered the most respected firms, it is certainly not cantor fitzgerald. >> yeah. i don't -- i can't sit here and defend that and say that, you know, we should be giving these high-paid speeches at wall street firms. certainly hillary clinton did it and was criticized for it. i think that the bottom line is, i just don't hear anything coming out of the white house in this administration that is talking about helping actual real people. the people that actually voted for donald trump when talking about cutting corporate taxes. that doesn't seem to me to be helping someone working a real job. >> individual tax cuts are promised to be on the way. we'll see if there's any detail on that tomorrow. >> corporations employ these people and if corporations are having trouble, you know, making ends meet it helps to have a corporate tax cut. >> hold on. the issue for everyday americans is wage. the disparity between what ceos and their workers are getting paid has never been greater. >> right. >> yesterday bloomberg reported that guinea romney from ibm was most like

the wall street firm cantor fitzgerald is reportedly paying him $400,000 to speak at a health care conference this september. now obama is not the first former president to face this kind of criticism. buck raking is what kay call this post-presidential practice. the first major controversy, go back to 1989, ronald reagan just left office. he was slammed for taking $2 million for a promotional corps of japan, included two speeches. that speech was sponsored by the country's largest communications company. let's take a trip down memory lane here. this is how that controversy was covered by nbc news at the time. >> officials of the fuji sanki communications group won't confirm mr. reagan's personal fee but do admit the reagan tour will cost the company $7 million. the conservative media group considers it money well spent. ronald reagan is being promoted on posters and on television. >> we're looking forward -- >> reporter: critics say reagan is cashing in on the presidency, but there's nothing illegal about that. >> the ethics and government act is precisely intended to avoid acts that are det

had to say about wall street fat cats. >> sure. >> first paid speech, $400,000. $400,000 to cantor fitzgeraldth scandal and health care, a health care that the lead banker had been chronicled in page six exactly what president obama has said is despicable sort of about that industry, and boom, there he is, 400 k. how do you make sense of that? >> these kinds of objections were raised about president obama when he was running for office and he got a lot of support from people on wall street for his first campaign in 2008. but that didn't in any way limit his ability to put in place the toughest reforms of wall street we have seen in put. generations. so president obama's commitment to thesesss isn't going to change whether he has got an campaign contribution for them or decided to hire them to speaks to the health care conference. president obama will speak his mind. that's what they're paying to hear. >> i'll translate. he wants 400 grand. to give a speech. they offered him $400,000, he's taking it. >> capitalism. >> a beautiful thing. >> well speaking of capitalism the markets before we go,

the former president agreed to give a lucrative speech to wretch firm cantor fitzgerald. mr.bama will be paid about $400,000 but many people are calling the former president's move hypocritical because in the past he has been very critical of wall street and the financial industry -- >> trevor: paperboi, paperboi, all about the paperboi! ( laughter ) obama's getting $400,000 to be a keynote speaker. we'll probably give a very important policy speech entitled "the four boats i'm gonna buy." ( laughter ) i know people say it weakens public trust when politicians cash in immediately after leaving office. at least obama waited until he left office, unlike this guy who's using the white house like an a.t.m. machine. i agree the system must change, but it doesn't change with obama, all right? people are, like, why doesn't he not accept the money? that (bleep). that (bleep). no. no. ( cheers and applause ) i'm sorry. the first black president must be the first one to not take money off us? no, no, no, my friend. he can't be the first of everything. (bleep) that and (bleep) you. yeah

office, and now he is getting paid by wall street, reportedly getting $400,000 for speaking at a cantor fitzgerald office in september. that is equal to his annual salary while in office. he is now cashing in. we talk with his pea with his peak. >> this -- liz peak. >> like willie sutton says, why does he rob banks? because that is where the money is. he is not running for office again, and he thought that bankers were terrible because they were fat-cats but now they are sharing their fur. it fine, obama gave good speeches, in fairness he left office with high approval ratings. i am sure he will be a much sought after speaker, he is good at it, i think he was a terrible president but he is a good speaker. liz: koogle son said that he could have been a better party leader. bank bailout started under george w. bush and continued under president obama. bank bailout, fat cats, getting paid now is he making clinton level cash? >> actually no one begrudged them, that they made a lot of money on their books, until hillary ran for office, then it was an issue, bernie sanders really within a after her, for

. >> this is one of the first things he's doing, a $400,000 to cantor fi cantor fitzgerald. >> we havent of money people are paying for ownership in his club or membership to his club, $200,000 now, he doubled the price, making sure that, you know, he says he's in a blind trust, all of the conflicts we have heart about, that to me is much more outrageous when you have a sitting president who's profiting. >> i love this, who she said. >> he's not making policy. >> too high profile democrats who are concerned about president obama and thinking about what president obama should be doing because they have no leaders in that party anymore. >> i think that's true. >> that's the real problem, and they're relying on him to get the message out. >> i think the problem is there's no leader right now. >> thank you one and all. did a joke at d.c.'s fanciest dinner change the course of american history? it is the subject of this week's cartoona next. ♪ ♪ i'm dr. kelsey mcneely and some day you might be calling me an energy farmer. ♪ energy lives here. i thodid the ancestrydna toian. find out i'm onl

he has one coming up in the fall to cantor fitzgerald the thing that's so problematic with cantor fitzgeraldy: to speak. clayton: to speak. abby: you know what's bad when you have members of our own party bernie sanders and elizabeth warren bashing you for that here is what they had to say. >> i think it is distasteful. not a great idea that he did that. look, barack obama is a friend of mine. i think he and his family represented us for eight years with dignity and intelligence. but i think at a time when we have so much income and wealth inequality. when wall street has so much power. the chief economic advisor to the president comes from goldman sachs. i think it just does not look good. it's not a good idea. and, you know, i'm sorry, but president obama made that choice. pete: another figure of the left bill maher had some words similar to that and on his own show talking about the symbolism of a $400,000 wall street speech from someone who was a crusader apparently against wall street. take a listen. >> kind of looks like when he is on our team we are okay with it you could say when a g

here to weigh in on all of this is stephen miro and the chief market strategist from cantor fitzgerald to start with this report that looking to strap the deductions from state and local income tax to pay for tax cuts. does that work? >> absolutely in this case, and it's something that the house republicans have been looking at for a while. while normally this would be a controversial deduction, or elimination of the deduction you're talking about raising almost $1 trillion and in the states that it really hits the most are the ones with high property taxes which tend to be the blue states on the coast. so as long as the republicans are pushing through a partisan tax reform plan, using the reconciliation process, i think this could be a big revenue raiser for them. >> the biggest beneficiary is new york and california and what would that do to the local economy of new york, so key for wall street and industry? just as an example. >> well, i think one of the sectors that will be most concerned about is the real estate sector to the extent that you have the high end real estate markets i

cantor fitzgerald, brokerage house here. and it was largely ignored initially until just lately.what did you think of that? that aspect. >> you shamed them into it yesterday. reality is this, largely ignored by what is big newspapers. i worked for "the wall street journal" for a long time, premr. murdoch buying it. i was offered by "the times," "washington post," i worked at "newsweek." i've been that sort of milieu so to speak. neil: i will say this, i had a solid guarranty from -- >> they hate covering up start like us. hate following in our footsteps. last thing -- neil: they hate covering something would look like glaring hypocrisy? >> i think that is half of it. half is us and -- neil: you. >> a third is us, they have to cover it. neil: you. >> we -- neil: they don't like you, charlie. >> we 180'd narrative that fox is right-wing -- we break news. it is me they despise because i'm a real jerk sometimes. a third, they love president obama and probably sitting around saying he deserves money. neil: what makes that so noteworthy, this $400,000? because you and i don't have a pr

quote, troubled by the president's plans to attend a conferenc hosted by investment bank cantor fitzgera fitzgeraldsanders called the speech unfortunate and disappointi disappointing. he also noted how a former goldman sachs executive is now the leading financial adviser to president trump. a spokesman for the former president defended the event and the $400,000 payday, noting obama raised huge sums of money from wall street and still went on to pass tough reforms on the banking industry. >>> let's get a check on your weather now with nbckarins. you say we might need to turn on our air conditioning unit? >> you might need to, especially in the mid-atlantic areas, washington, d.c. the big story this weekend is going to be the flood threat. the flood threat is coming from the deep tropical moisture in the caribbean, high pressure will build in here and it is going to pull that moisture up here through louisiana into arkansas, missouri, oklahoma and illinois. we can call this the express coming off other than organizations of new mexico. sometimes it comes into california. this is a similar type event

joining us is peter chikini, co-head of equities at cant' co cantor fitzgerald, and steven reese. does that work being a co-head of something? >> typically it's terrible. >> remember citi group? >> yeah. >> john reid and who else? >> john reid. >> who else? >> sandy weill. >> that doesn't work. remember ancient rome. does it work where you are? you have a good relationship? >> i have a great relationship. >> do you guys agree on what will happen? >> not always. but as a good couple, we talk. >> are you both recommending a fully invested position in equities? >> i'm the strategy guy, he's the operations guy, we're complimentary. the answer to that is i'm not. >> he's long, you're short. >> i wouldn't say i'm short. it's tough to be bearish given the amount -- i know you hate to hear it, the amount of global accommodation out there. the ecb released its bond buying program. difficult to be bearish in that circumstance. you're joking about how the marches are unched every morning. something is not quite right in the markets. it's hard to say to your clients hedge your portfolios up.

brian: he was given $400,000 to speak to cantor fitzgerald.r and over, like your doctor and health care. so for him to be hypocrite is no surprise. but i think one much his spokesmen says, well you know, he wasn't bought and paid for by wall street. what that means is simply, you know, that you can take their money but not be bought by them. no, that is stupid too! you're bought, they bought your speech. paid you 400,000. you are the ultimate in hypocrisy. brian: waiting for hillary's transcripts from her wall street speeches before we get the president's -- steve: remember when president obama said at certain point, haven't you made enough? >> absolutely. steve: they're getting5 million for the book advance. why is are they even charging. >> i absolutely remember that. i think it was 250,000. president said at some point that should be enough. i said uh-oh. i think we're in for trouble. that was right in the beginning. ultimate in hip hypocrisy. are you surprised? brian: can't wait for your show, saturday and sunday. >> saturday and sunday. i

cantor fitzgerald.il: people see things and you and i report on this stuff we have both sides who ream us. >> you thing is, neil, one of problems with the media today it too often speaks to segments of the population as opposed -- "new york times." this is caught up to the mainstream media where i worked. you have too. neil: sure. >> they were so liberally biased they created a chasm there is few places for down the middle news except for right here. i will say this -- neil: even the example you mentioned, because of you constantly keeping this out there, idea, others cited this article, gave fox business credit. that it wasn't what it was about, mainstream media, near term, "washington post," "usa today" that story was invisible. we made a big deal, suddenly became very visible. >> i was among the first, among the first to break the story, president trillion, candidate trump was essentially stiffing money veterans when he skipped fox news debate. neil: they lept on that. >> they had no problem. when i