about this a little bit with trump campaign senior economic visor, heritage foundation economist steve moorehington. this was a big story certainly in the market, steve, certainly today, do you think this is one big story of antitrust or is it, should it be company by company and if so does one stand out over the other? how do you think the administration will end up approaching it? >> i personally hate antitrust investigations. i'm old enough to remember at&t and microsoft and these other companies were going to take over the world. you know, especially in the technology and communications age that we're in right now, these companies involved in those industries, to think that anybody can have a monopoly i think is foolish. connell: right. >> one day a company is on the top of the world like google. five years from now they're like sears and tower records. so i think i hate the idea that a company should be punished for being innovative and successful and capturing market share. incidentally, isn't it a good thing guys, that these are american companies. apple, amazon and google and, you kn

points so so middle class is now characters even would want to one of my heroes at one time was steve moore and this individual was it not for that as a member of the effort i went see their open market committee for the federal reserve is there now saying that shell money a strong dollar and stable prices is now somehow equivalent you know into personal inflation target as the. measures it which is core p.c. inflation but minutes if the fed was kind of cutting rates at this juncture when the stock market is one in here times underlying g.d.p. and the middle class is disappearing what would happen in many case we. exacerbate the difference between the very rich and the we're to even greater extent right now are not only you seem to be worried about that now well let me ask you something so let's say or the same of a fortune 500 corporation and you've got 2 choices there 1st choice you are going to go hire a lot of people and are going to populate some factories that are going to manufacture stuff and are going to sell it hopefully at a profit or you're going to take that money the feds prin

steve moore from the heritage foundation, economist and who kn knows.is launching a crackdown on robo calls. i want to draw your attention to a development on capitol hill concerning the first responders that just wrapped up. these are the 9-11 first responders that had a meeting with mitch mcconnell. they're talking about that right now. >> police officer mat mccully, nypd, the fdny. there's ben from the 9-11 health watch. listen, we had a great meeting with mitch mcconnell. it was productive. mitch mcconnell made a commitment to the 9-11 community and my team leaders that will be passing the house in july and avote in november. we want it as soon as possible to get the senate majority leader's commitment means a lot. means that we'll work now together, republicans and democrats and the advocates to ensure that those affected at all three terror sites, all of those affected by the toxins and respiratory illnesses will get the help they deserve. these men and women, the children of lower manhattan are sick and dying and the families being left in financ

steve moore going to the fed. they hate cryptocurrency. a little controversial. thing people think cryptocurrency a huge fad. if you think about it, all the talk about this, when was last time you bought your pumpkin spice coffee with bitcoin. neil: they know me there. >> you get it for free. when i go to san pietro, i spend big bucks on a lunch over there, they are not taking cryptocurrency, not yet. isn't that the thing? >> when? talking about this forever. neil: i know. >> full write-up, neil on fox business. com. steve moores one of the reasons he wants to do this, this is quote, i hope this makes me rich. neil: nothing wrong with that. >> capitalism. capitalism. neil: you're really who arable. do you find it weird it has gotten traction? originally when facebook was looking to do? something going on feels a little different than the last push? >> could be facebook effect, they're getting involved, to bid up the price of bitcoin. there is still a lot of, still a lot of question marks. listen, they approached. moore isn't on the pitch, but people there, the pi

will take a 2 billion-dollar hit thanks to huawei ban, i want to bring heritage chief foundation steve moore director of strategy francis newton, steve, let me start with you, the letter that was written to president trump, 600 american companies, mostly retailers, traditionally you're not a fan of tariffs per se but seemed like awkward time for them to sort of voice opposition to them. >> retailers, of course, don't like tariffs especially the big ones like wal-mart. charles: yes. >> because they are the biggest importer from china in the country and, look, i don't like tariffs very much. there's statute and consumers do bear some of the costs although the president had a point in what he said this morning on fox news which is it is true that the chinese government is subsidizing these chinese companies to make up for the tariffs and so that means that the chinese are bearing a lot of the burdens of the tariffs not necessarily fully american consumers. this has to get resolved, what disturbs me, i think, right now looks like both sides are kind of digging in position but china is not at goo

what the president has been saying offering a lot of fodder for discussion and i want toaster with steve moore because it's funny steve. he's talking about how great free-trade is just a week ago we were all afraid that he had forgotten the benefits of free-trade today he's talking about everything from the u.s. m ca trading and opening its market to u.s. meat products, but the u.s. mca, is he going to really push that now that he got this deal with immigration with the mexicans? >> yeah, he will he's totally committed to this and understands a, it's a good deal remember this was reagan's vision david to have north america be a free trade zone. david: from the tip of argentina to the top of canada, yeah. >> you remember that yeah exactly right and but he also has to understand strategically that once you get this canada mexico u.s. trade deal done it puts more pressure on china. what you want to do is isolate china as the bad actor which they clearly are, they are the enemy here, and you get your allies behind you and i think it will be a huge victory for trump now the big question, david of c

joining me on the panel today christina parsenevillas, steve moore. jackie is at the white house what can you tell us? >> good evening david. the meeting was believered to have started about 3:30 this afternoon. we did see mike pompeo secretary of state arrive and go inside. we didn't see vp pence or lighthizer but that doesn't mean they didn't go in some other way. the meeting is believed to be in the roosevelt room and scheduled to end around 5:30 which makes sense because the foreign secretary of mexico has a presser at mexican embassy around 6:30. tariffs go into effect on monday on mexican imports, 5% on over 300 billion dollars of goods. there's been some g.o.p. opposition. that's been a lot of the buzz, but also some g.o.p. leaders are supporting the president even though this is an unconventional way of tackling immigration. take a listen to republican senator from texas, john cornyn. >> i support getting mexico doing more, and i hope the conversations that are occurring today produce more cooperation by mexico. they could have a big impact, b

you didn't call and ask me you just took a cheap shot >> i'm not interested in talking about steve moorerested in talking about the economy. >> you're not interested in setting the truth straight that's why people call it the fake media because you make things up and don't correct yourself >> so, do you think the democratic debate is going to go like this tonight where the democrats end up attacking each other or do you think the focus is going to be on a more united front? it's hard to stand out on a stage with ten other people? >> i think it's hard to stand up there and say i'm good as the next guy and he's as good as me and we have to beat donald trump. the demand on the candidates is to say something that makes people think, wow, this person could be president and could beat donald trump. >> all right thank you, david, thank you, steve moore for being here and speaking for the administration while david just was sort of trying to figure out what democrats say he has no -- he has no feeling one way or the other. >> i want the democrats to talk about the economy, nonstop in that debate

steve moore, always good catching up with you. thank you. >> thanks, neil. neil: a couple developments on the trade front. that is a catalyst of buying of stocks here largely based on the view, china, u.s. top officials will get together and talk. no evidence that the talks are imminent but having said that i want to give you some of the half empty glass concerns here that china is already ramping up its chip industry as a way to respond to what ours is doing. so going a separate path here, to say no matter what happens on trade, we're preparing for possibility we'll not be dealing with american technology firms. secondly, china is warning its own citizens against travel to the united states. now that might seem like a silly aside here but what they're also bracing for, the fact we don't want to help the united states. so you have these dual tracks going on. yes we'll get back to talk. just in case they don't pan out, we're rethinking a lot of things with the united states including having our citizens even go there to spend tourism dollars, which is a big d

such a wonderful moment i had my whole family, best friends there as you know, larry kudlow and steve moore and steve forbes were all there. it was just a wonderful wonderful event, and i'll never forget a moment of it as long as i live it was just wonderful. liz: did you go to sleepwearing it that might? i'm just kidding art laffer. >> i didn't go to sleep for days before or after. in fact i've been wearing it non -stop, i took it off just for the show. but seriously, it's just such a huge impact on my life. i can't tell you how grateful i am to the president for that. it's just wonderful. liz: art laffer we love you. i love you e-mac too. you guys are the greatest ever by the way. thank you for having me on. liz: thank you. come back soon. let's get to the markets the s&p closing just about 9 points off of its record high, the dow closed about 100 points of its all-time high, and this after months of the bears warning the bears on wall street saying stocks are rolling over telling investors slide down that shoot and get out of the market boy you would have lost a lot of money listening to

chief economist steve moore joining us.ow you agree the crisis at the border is absolutely real. you have been talking about it for over a year now. democrats have dithered and denied that it was a crisis at all. this is a reaction to the crisis, the president's threat on mexico. is a good reaction? >> i hate tariffs. in some cases they are appropriate to use. i have been supportive of what donald trump is doing with the chinese. we are in an abusive relationship with china but i am questioning this one with mexico. i've worked with donald trump for three years and one thing i learned about him is he is a master negotiator and he uses these tactics to get concessions from countries and i hope that is what happens. the white house meeting with the mexicans later this week. i'm hoping and praying we get an agreement with mexico to get tough around the border. the timing is wrong here. if we want to win this epic struggle we want to isolate china and not pick fights with our allies. mexico is one of our important allies but we

a guy who wanted to be on that federal reserve, but ultimately pulled his own nomination, steve moorenow. steve, what do you make of that. the markets are responding to the prospect of an interest rate cut, but not this time-- >> first of all, let's go back to the day before donald trump was elected president. if memory serves me right, the dow was at about 18,000 and now we're closing in on what, 26,800 or something like that. if my math is right, that's almost a 50% increase in stock value since donald trump was elected. that's a pretty spectacular record. think of the trillions of dollars of wealth that have been created with people with pension funds and 401(k) accounts. this has been a spectacular bull market, the president is right about that. the other thing about the economy that i find really remarkable, we have, 3 1/2%, 3.6, somewhere around there, you know, which is about as low-- you and i used to say 4% was full employment. we've got a lower unemployment rate than full employment and at the same time, we have inflation that's running at less than 2%. i mean, what i'm sayi

neil: steve moore.out slack making its public debut, this corporate messaging service. i'm oversimplifying it. but it is the holy roar today. gerri willis with the latest from the big board. gerri: hey, neil. that's right. slack coming public down here. take a look at this. they are up some 58%. that's what they call volatile but in a good way. the stock doing very well indeed. they are the second successful direct listing down here on the floor of the new york stock exchange. so what is a direct listing? well, there's no pesky investment banker interference. there's no road show, road show the line of buyers. there's no offering price and you don't make money, you don't like bring in a lot of capital with your ipo. so the big question here, why would a company go public that way if you're not getting money? well, we spoke to stacy cunningham, president of the new york stock exchange, about this. here's what she had to say. >> there are a number of reasons why companies go public. first, it's access to

we're following closely with steve moore. have you. >> hi. >> neil: this sounds like an ali-fraser fight. but could be the two -- the president looks to be the nominee of his party. joe biden looks like he could be the nominee of his. they each have very different views. for example, of the economy. joe biden was saying it's kind of flapping out. what do you through? >> yeah, joe biden said a couple weeks ago -- this is embarrassing for president. they said we would have the second great december if he was president. now we have the greatest economy ever. so joe biden came up with applausable explanation. he said this is something that this strong -- this is something that donald trump inherited from -- >> neil: excuse me. i don't mean to interrupt you. want to bring you up to date. as expected, the house has approved their civil contempt measure to force subpoena issues for bill barr, former white house counsel, don mcgahn. whether that will change anything or releasing anymore information, whether the justice department has

stay with us let's get more reaction to the numbers with steve liesman our guest host for the hour is stephen mooree, what do you think >> this is good. inflation under control. there's been a bit of a separation from the producer prices and, say, consumer prices, or the pce core. producer prices held up relatively well. there's a weird number i want to put an asterisk around we have to look at this later. trade services it's like the profit that is made by middlemen or middlepeople, i guess, whatever you want to call it -- >> is that number down >> it's down half a point. one thing we do is we look at the number ex-food, ex-energy, and ex-trade services because of the weirdness and the volatility of this number -- >> i would guess they get squeezed first dealing with tariffs coming in or higher prices in different places >> the trouble is it's a new entry into the ppi, when they redid the ppi a couple years ago. nobody knows what to do with it, so we kind of get rid of it to look at outside -- we get rid of all that and prices are up a little bit more. you have 0.4%, rather than the 0.2% reported

steve moore said he's getting involved in the cryptocurrency thing and bitcoin moves up.s up 200% this year after this. >> neil: all right. democrats and republicans agree something has to be done at the border but what? the house plan, a senate plan and where are we right now with either plan? let's go to chad pergram on capitol hill with more. chad? >> the senate just passed their version of the bill, 84-8. it was a bipartisan vote. a lot of people that might be the only way they pass something because it can get 60 votes and earn the president's signature. i spoke with mitch mcconnell to say would they consider going to a conference committee to blend the bills. he said we have to try to get this done this week. i also spoke with nancy pelosi earlier. she spoke with the president earlier today. she said i will have something to say, but i want to see it to my members first. here's the problem. the senate bill would probably pass the house but lose a lot of the liberal democrats. i'm going to read you a quote from veronica escobar, a freshman democrat from texas that re

steve moore with us, economist at heritage, senior mick advisor to the trump campaign. good to see you from main mainland china this evening or early tuesday morning. adam, start with the huawei question. it was interesting for lack of a better word to get this tour of the company's facilities today, but we certainly heard from the founder that huawei is hurting, right? we know that it is hurting. the question, i guess from a practical standpoint, can huawei survive this in your view? you know a lot about technology companies, this being a crackdown by the u.s. government is it. >> huawei can survive. the question is how bad it will be depending how strictly the u.s. enforces some of the sanctions that it already is enforcing. is huawei without certain component will be crippled but eventually they can get those component and they can sell them in china which is a very large market. but that is very different from what their plans had been only a few months ago. connell: they're certainly scaling back. it was obvious from founder had to say today that they are scaling b

. >>> and "out front" now steve moore retired supervisory act for the fbi. steve, this is bizarre.al to be random. so i think what you have to start doing is finding out what was common with all three deaths or all three people right before their illnesses and what's common right now is they all checked in on the same day. >> that puts it way over the realm of possibilities. and then it's possible they all had something out of the mini bar. >> all right. so, then, then, this is something malicious? i mean, what else could it be? someone is putting something in a mini bar for people to randomly stumble upon and it kills them? >> either that, or somebody is accident annually contaming the things in the mini bar. hypothetically, one thing that could cause this pulmonary edema, respiratory failure is an overdose of fentanyl. fentanyl is something trafficked through the dominican republic. either somebody has come in contact hypothetically with there or somebody is intentionally putting this into a drink or whatever. but this is not -- these are not natural deaths. >> and, obviously, th

dagen: steve moore said why he had no idea why the president used tariffs on immigration.n -- >> we are getting into election season and a lot of the fiscal stimulus and economists are saying growth of less than 2% in the second quarter, of course, they said that in the first quarter and they were wrong, but if this economy slows down and the market loses momentum -- >> it is slowing down. maria: i wonder if this move is partly to shake-up washington a bit. usmca is sitting there, nancy pelosi is refusing to bring it to the floor for a vote, a lot of people say if she were to bring it to the floor to a vote it would pass. she's sitting on it. is this the president's -- wait, don't tariff mÉxico, let's get usmca. dagen: mÉxico has to ratify the dog-on thing and violate it is world trade organization, what are you doing? maria: they're in washington this week, we will see what happens in those meetings. maria: secretary pompeo and counterpart from mÉxico. nancy tingler there. all that coming up, stay with us i'm working to keep the fire going for another 150 years. ♪ to insp

steve moore coverage of crypto thing got picked up abundantly by everybody.re abundantly fair. rest of the media said it was dumb idea. i took it at face value. neil: i took it that i'm going to be rich. i'm going to be rich. >> he is kind of like gilbert gotfried a little bit? i'm going to be rich! neil: maybe mike wallace didn't -- i'm telling you, in the world of business journalism, he is mike wallace. wild swings for bitcoins. 14,000. off the highs. how much it is right now? 14 bucks? neil: i get that. >> down to 3,000. neil: i'm pointing out what is happening today. you're not mike wallace at all. i knew mike wallace. >> mike wallace would know the price of bitcoin and where it came from, believe me. neil: you're a bitcoin. we'll have more after this and i promise we clean up our act. stay with us. ing. lights up the entire bed. it even offers a built in 120 volt outlet. wow. plug that in for me. whoa! -holy smokes! -oh wow! and the all new silverado has more trim levels than any other pickup. whoa! oh wow! -very cool. there's something for all of us. a

now, people, when i say this, i did your show a week ago and people said steve moore is an inflationf you disagree with me, show me where the inflation is. stuart: wait a second. it's politics at play here. the president wants an interest rate cut, as you say, of a hundred basis points. that's a big cut. i put it to you, he wants that cut so that the economy keeps on going very nicely all the way through the election. >> sure he does. every president wants that. every wapresident's wanted that going back to richard nixon. look, i'm not carrying donald trump's water here. i just think the tight money has probably knocked about half a percentage point off of growth. that's a lot. and we can grow faster, stuart, without inflation. why wouldn't we want to do that? that's my case. here's what i would propose. do the quarter percent rate cut, i believe they are meeting next week, the fed, then see what happens. if we start to see prices creep up, stop. if you still have these low commodity prices and are still below your inflation target, then do another quarter percent cut. i don't want i

steve moore, said, guess what, art laffer would be a great fit for the job.affer will be with us also later in the hour. we'll see if he wants the gig. >>> president trump reportedly planning to declare a national emergency in order to implement his mexico tariffs. at the same time mexico offering to deploy 6,000 troops to its southern border to stop flow of migrants making their way into our country. >>> 17 automakers sending a letter to president trump urging him not to go through with his plan to lower emissions standards in the u.s. let's take a big check of the board here. up 212 on the dow. it is a strong week for the markets. the dow at 25,930, just 70 points from getting back to 26,000. let's get straight to it, why don't we? the economy adding 75,000 jobs in may, missed the estimates. let's bring in kevin hassett, white house council of economic advisors chairman. >> great to be here, ashley. ashley: bottom line, disappointing jobs report, right? >> it was a little bit below expectation. half the story i haven't seen discussed much on the news channe

steve liesman will join us shortly, as well as stephen moore. what's your takes in terms of the reaction >> i think the bond market has been pricing this action in all along, right as josh just mentioned, whether it's a 25-base cut, now we have effectively priced it in. >> 100% nearly, right? >> yeah. roughly. >> it's delivering expectations. whether you go and dissect the dot plots, saying that there were be a cut, most of them saying there should be at least one 50-basis point rate cut, it's delivering on market expectations that's why you're not seeing a lot of activities in terms of equities credit spreads are holding in there. that break-even spread actually went up today, so it seems to be bond market pricing a lower growth rate. >> michelle, i thought the most definitive point was when he answered a question on president trump. he said, i think the law is clear and i have a four-year term, and i fully intend to serve it does that clear anything up? >> you know, he's been making that comment, and every press conference he's asked that in a

steve patterson, live. thank you. >>> up next, republican redo no republican wants to redo, except maybe one guy, roy moore. failed senate candidate announcing in just hours if he's going to try again in 2020. we're live in alabama. again in0 we're live in alabama. i didn't have to run for help. i didn't have to call 911. and i didn't have to come get you. because you didn't have another heart attack. not today. you took our conversation about your chronic coronary artery disease to heart. even with a stent procedure, your condition can get worse over time and keep you at risk of blood clots. so you added xarelto® to help keep you protected. xarelto® - a blood thinner approved by the fda - when taken with low-dose aspirin is proven to further reduce the risk of blood clots that can cause heart attack, stroke, or cardiovascular death in people with chronic cad. that's because while aspirin can help, a recent study showed it may not be enough to manage your underlying risk of blood clots. in a clinical trial, almost 96% of people taking xarelto® did not have a cardiovascular event. don't stop taking xarelto®

michael moore, who predicted president trump's victory in 2016, he scanned the audience for everybody and said, hey, you're going to be up against a formidable opponent with a very strong base, stevei think about it all the time. in 2016, the president defied, as a candidate, defied pretty bad poll numbers on a lot of fronts and still got elected president. but i wonder when you sort of project that onto 2020, if you're looking a little bit too much in the rear-view mirror. here's what i mean. you allude to the president's strategy of firing up the base. the president this week was even saying he just needs his base. i want to put a piece of analysis, henry olsen, a political analyst in the "washington post" this week, he said the trump campaign has a terrible 2020 strategy. president trump's campaign told "time" magazine its strategy for re-election relies on stoking turnout among his base. if that's true, the president is much likelier to lose than many republicans think. and the reason he said that is, he said in 2016, the thing that allowed the president, allowed donald trump to win with those poor numbers was reluctant trump voters. they didn't have a high opinion of donald t